Garden-Style Apartment
For Sale
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109 E 4th St, Hays, KS 67601
63-unit garden style community built in 2007, fully occupied, near Hays Aquatic Park and Fort Hays State University.
Property Size1,061 SF
Days on Market70
Property Features for 109 E 4th St
General Information
Standard status
Active
Size
1,061 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
63
Building Details
Year Built
2007
Listing Agency:
Chicago - Downtown
(312) 612-5936
Listed By:
Tyler Hague · License #IL: 471.009171; IN: PB21300474; WI: 57999-90
(312) 612-5936
Source:
Colliers
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 5:22AM
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 Chicago - Downtown
Investment Insights
Based on property information with market context.
Stonepost Apartments ("Stonepost") is a 63-unit, garden-style apartment community built in 2007. The property offers oversized two- and three-bedroom floor plans averaging 1,061 square feet, designed for larger households. Current operations are supported by multiple value-add paths, including converting the remaining 53 affordable units to market-rate rents and pursuing interior unit renovations to support that transition.
Stonepost is positioned directly across from the Hays Aquatic Park and is located in close proximity to Fort Hays State University and Hays Medical Center. The university presence is supported by 12,900 students and 1,500 jobs, and the medical center is noted as a workforce of 1,000+ jobs. The community is currently reported as 100% occupied, with occupancy averaging 95.4%.
For new ownership, Stonepost is presented as the newest and highest-quality multifamily asset in Hays, backed by strong in-place leasing and no stated new supply. The offering materials project mark-to-market rent growth of $286 per unit (excluding renovation premium) through a 36-month path to full market-rate positioning. Under the stated assumptions, the snapshot includes in-place NOI of $190,034, with a stabilized Year 3 NOI of $406,044 and a Year 3 yield on cost of 18.16%.
Stonepost is positioned directly across from the Hays Aquatic Park and is located in close proximity to Fort Hays State University and Hays Medical Center. The university presence is supported by 12,900 students and 1,500 jobs, and the medical center is noted as a workforce of 1,000+ jobs. The community is currently reported as 100% occupied, with occupancy averaging 95.4%.
For new ownership, Stonepost is presented as the newest and highest-quality multifamily asset in Hays, backed by strong in-place leasing and no stated new supply. The offering materials project mark-to-market rent growth of $286 per unit (excluding renovation premium) through a 36-month path to full market-rate positioning. Under the stated assumptions, the snapshot includes in-place NOI of $190,034, with a stabilized Year 3 NOI of $406,044 and a Year 3 yield on cost of 18.16%.
Key Highlights
- 63‑unit garden‑style multifamily community built in 2007 with oversized 2- and 3‑bedroom floor plans averaging 1,061 SF
- Property is 100% occupied with strong occupancy averaging 95.4% and stable in‑place cash flow
- In‑place NOI of $190,034 and T12/current NOI with rent upside estimated at +$286/unit through mark‑to‑market (excluding renovation premium)
Property Analytics
Property Profile
Current Use
Lease Details
63
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 67601, KS
24,428
Population
11,168
Households
2.2
Avg Household Size
32
Median Age
42%
College-Educated
95%
High-School Grad
359.8 sq mi
ZIP Area
68
Density / Sq Mi
$58,480
Median Household Income
$31,881
Median Earnings
$902
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 63-unit garden style community built in 2007, fully occupied, near Hays Aquatic Park and Fort Hays State University.
Where is this apartment building located?
The property is located at 109 E 4th St Hays, KS.
What are key features of this property?
This property features: 63‑unit garden‑style multifamily community built in 2007 with oversized 2- and 3‑bedroom floor plans averaging 1,061 SF; Property is 100% occupied with strong occupancy averaging 95.4% and stable in‑place cash flow; In‑place NOI of $190,034 and T12/current NOI with rent upside estimated at +$286/unit through mark‑to‑market (excluding renovation premium)
