Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hays Duplex with Studio Apartment Title is generated by Realmo AI

    606 E 16th Street, Hays, KS 67601

    View on Map
    Claim this Listing
    For Sale
    $195,000

    MULTI_FAMILY - Hays, KS

    Lot size:
    0.16 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 606 E 16th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1
    Parking features
    Off Street, On Street
    Standard status
    Active
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    PHILIP GOTTSCHALK SUBD REPLAT , BLOCK 88A , E 41' LOT 14 & W 14' LOT 16 SECTION 33 TOWNSHIP 13 RANGE 18

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1955
    Number of units
    2
    Building materials
    Wood Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Brent Hines

    Listing agent Brent Hines License #00230741

    Listing office Bel Air Realty 1501 Vine St. P.O. Box 101, Hays, KS

    Listing date Apr 17, 2026

    MLS# 205770 Listing URL

    Copyright © 2026 Western Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential to offset mortgage with income from detached studio apartment.
    • New impact‑resistant roof installed in 2022.
    • Two‑unit configuration offers flexibility for rental income or multi‑generational living.
    • One‑car garage and fenced backyard.
    • Central air conditioning.
    • Located in a quiet neighborhood.

    Overview

    Located in a quiet neighborhood, this property is currently used as a two-unit rental. It features a two-bedroom, one-bath home and a detached studio apartment. A new impact-resistant roof was installed in 2022. The property includes a one-car garage and a fenced backyard. The lot size is 0.1578 acres. The property is located in Hays, Kansas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hays
    County
    Ellis
    State
    Kansas
    Longitude
    -99.319
    Latitude
    38.87253

    Nearby Similar for Sale

    • $150,000

      Hays Office Space for Sale

      Office space with multiple offices, waiting room, and meeting room.
      132 W 9th Street, Hays, KS 67601
      View Details
    • $365,000

      Remodeled Commercial Building on Main

      Commercial building with remodeled interior, natural light, and ample parking.
      1400 Main Street, Hays, KS 67601
      View Details
    • $398,000

      Updated Office Space on Pine

      Prime office space with updated interiors on high traffic street.
      1301 Pine Street, Hays, KS 67601
      View Details
    • $189,000

      Hays Investment Property Near University

      Multifamily property near Fort Hays State University with income potential.
      315 W 6th, Hays, KS 67601
      View Details
    • $220,000

      Hays Multifamily Investment Opportunity

      Two-story rental property with additional rental unit in back.
      200 E 17th Street, Hays, KS 67601
      View Details
    • $445,000
      17,094 SF

      Leased Commercial Property Investment Opportunity

      Fully leased commercial property with flexible unit configuration and ample parking.
      1105 E 30th St, Hays, KS 67601
      View Details
    • $599,000
      11,049 SF

      Versatile Commercial Property For Sale

      Flexible commercial space with high ceilings and ample parking.
      1017 E 13th St, Hays, KS 67601
      View Details
    • $289,000
      7,200 SF

      Flexible Warehouse Space For Sale

      Warehouse space suitable for business, storage, or mini-storage.
      1206 Vine St, Hays, KS 67601
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit rental with detached studio in quiet neighborhood.
    Where is this duplex located?
    The property is located at 606 E 16th Street Hays, KS.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Potential to offset mortgage with income from detached studio apartment.; New impact‑resistant roof installed in 2022.; Two‑unit configuration offers flexibility for rental income or multi‑generational living.
    (785) 656-0961
    We can help!
    Listing Contact
    Brent Hines
    Real Estate License ID: 00230741
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    606 E 16th Street, Hays, KS 67601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!