6-Unit Apartment
New
For Sale
$980,000
101 Meadowbrook Dr, Newton, KS 67114
Six residential units offer a compact multifamily configuration near major transportation corridors.
Property Size6,600 SF
Days on Market7
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 101 Meadowbrook Dr
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Building Size
6,600 SF
Year Built
2025
Listed By:
Jayden Bowlby
(316) 262-0000
Source:
Naimartens
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 14 at 10:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jayden Bowlby
Investment Insights
Based on property information with market context.
This six-unit apartment portfolio, built in 2025, comprises residential income properties in Newton, Kansas. The unit count supports a small-scale multifamily configuration.
The property is near I-135 and the US-50 corridor, providing access to those regional routes.
The property is near I-135 and the US-50 corridor, providing access to those regional routes.
Key Highlights
- 6‑unit multifamily portfolio
- Built in 2025
- Near I‑135 and the US‑50 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,900
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,000
$1.0M
Cap Rate 7%
$727,143
$727.1K
Cap Rate 9%
$565,556
$565.6K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$97.4K $14.76/SF
− Vacancy
−$4.9K −$0.74/SF
EGI
$92.5K $14.02/SF
− OpEx
−$41.6K −$6.31/SF
NOI
$50.9K $7.71/SF
Area
Harvey County, KS
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,000
Cap Rate 7%
$727,143
Cap Rate 9%
$565,556
Alternative Uses
Best Use
Apartment 5plus
$727.1K
$636.3K – $848.3K
NOI $50,900 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,081 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 67114, KS
21,375
Population
9,382
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
91%
High-School Grad
236.9 sq mi
ZIP Area
90
Density / Sq Mi
$68,393
Median Household Income
$39,617
Median Earnings
$909
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units offer a compact multifamily configuration near major transportation corridors.
Where is this apartment building located?
The property is located at 101 Meadowbrook Dr Newton, KS.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 6‑unit multifamily portfolio; Built in 2025; Near I‑135 and the US‑50 corridor
