Turnkey Apartment Complex in
103 E 7th Ave South Hutchinson, KS 67505
103 E 7th Ave, South Hutchinson, KS, 67505
$3,300,000
For Sale
$3,300,000
MULTI_FAMILY - Other - South Hutchinson, KS
Property Size24,408 SF
Price / SF$135.20
Days on Market130
Property Features for 103 E 7th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 54
- Bathrooms
- 36
- Rooms
- Bedroom 2, Bathroom 19, Bathroom 5, Bedroom 34, Bedroom 41, Bathroom 14, Bedroom 30, Bedroom 17, Bedroom 53, Bedroom 25, Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 24, Bedroom 35, Bathroom 22, Bathroom 13, Bedroom 36, Bedroom 49, Bathroom 35, Bedroom 1, Bedroom 16, Bedroom 54, Bedroom 37, Bathroom 9, Bedroom 11, Bedroom 12, Bathroom 10, Bedroom 20, Bedroom 15, Bedroom 9, Bedroom 48, Bedroom 44, Bathroom 28, Bedroom 42, Bathroom 7, Bathroom 25, Bedroom 31, Bathroom 2, Bedroom 18, Bathroom 31, Bedroom 50, Bedroom 8, Bedroom 43, Bathroom 17, Bedroom 24, Bedroom 26, Bathroom 20, Bedroom 38, Bedroom 6, Bedroom 27, Bathroom 23, Bathroom 18, Bathroom 12, Bathroom 36, Bedroom 7, Bedroom 28, Bathroom 11, Bedroom 39, Bathroom 4, Bedroom 51, Bathroom 29, Bathroom 27, Bedroom 10, Bedroom 22, Bedroom 19, Bathroom 21, Bedroom 32, Bedroom 40, Bathroom 3, Bedroom 33, Bedroom 14, Bathroom 34, Bathroom 6, Bedroom 52, Bedroom 3, Bedroom 46, Bathroom 26, Bedroom 23, Bedroom 29, Bathroom 15, Bathroom 32, Bedroom 21, Bedroom 45, Bathroom 16, Bedroom 13, Bathroom 8, Bathroom 33, Bathroom 30, Bedroom 47
- Parking features
- On Street
- Basement
- Concrete, Finished
- Appliances
- Disposal, Electric Oven, Refrigerator, Smoke/Heat/CoDetector
- Standard status
- Active
- APN
- 1262402021002000
- Size
- 24,408 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PUTERBAUGH, S24, T23, R06W, W/2 LOT 18 & ALL LOTS 19-26 BLK 1 & VAC ST & ALLEY
- Tax Annual Amount
- 20574
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 2
- Number of units
- 36
- Building materials
- Brick, Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Berkshire Hathaway PenFed Realty
(316) 636-2323
KS
Listed by
Shane Pullman
(316) 640-7375
Added: Mar 9 Checked: Jul 16 at 10:06 pm
MLS# 54353
Listing URL
Copyright © 2026 Mid-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.
Investment Insights
Based on property information with market context.
This 36-unit apartment complex in South Hutchinson, Kansas, presents an opportunity for acquisition, offering rental performance and a consistent income history. The property is located near major area employers, providing access to employment centers, shopping, and services. The complex features unit layouts that are larger than many competing properties in the area, which may appeal to tenants and improve retention. Exterior improvements have been completed, including a newer roof, replacement siding, and concrete parking areas. A standout amenity is the in-ground swimming pool. Each pair of units on a single floor shares an HVAC system and water heater. The property also includes a clubhouse building that presents additional upside potential, offering the opportunity to remodel the space into a tenant amenity area such as a fitness room or community lounge, or convert it into an additional two-bedroom unit to further increase rental income. The property size is 24408 square feet.
Key Highlights
- 36‑unit apartment complex in South Hutchinson, Kansas
- Numerous exterior improvements completed, including a newer roof, replacement siding, and concrete parking areas
- Electric heating and electric cooling; each pair of units on a single floor shares an HVAC system and water heater
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.9k | $12.00 |
| − Vacancy | −$17.0k | −$0.70 |
| EGI | $275.9k | $11.30 |
| − OpEx | −$124.2k | −$5.09 |
| NOI | $151.7k | $6.22 |
24,408 SF · lease $12.00/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,749 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,852 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 36-unit apartment complex with strong rental performance and consistent income.
Where is this apartment building located?
The property is located at 103 E 7th Ave South Hutchinson, KS.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 36‑unit apartment complex in South Hutchinson, Kansas; Numerous exterior improvements completed, including a newer roof, replacement siding, and concrete parking areas; Electric heating and electric cooling; each pair of units on a single floor shares an HVAC system and water heater
