Garden-Style Apartment
For Sale
Contact for pricing
109 East 4th Street, Hays, KS 67601
63-unit community with oversized two- and three-bedroom layouts and renovation-ready interiors near major employers.
Property Size66,843 SF
Price / SF$61.26
Days on Market55
Property Features for 109 East 4th Street
General Information
Standard status
Active
Size
66,843 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Additional Details
Multifamily Units
63
Building Details
Year Built
2007
Buildings
5
Units
63
Tenancy
Multi
Listing Agency:
Colliers - Chicago Downtown, Illinois
(312) 612-5944
Listed By:
Tyler Hague, LEED AP · License #471009171
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 3:01PM
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 Colliers - Chicago Downtown, Illinois
Investment Insights
Based on property information with market context.
Stonepost Apartments is a 63-unit garden-style multifamily community built in 2007. The property offers oversized two- and three-bedroom floor plans averaging 1,061 square feet, with original interiors throughout. Unit finishes include tile and carpet flooring, laminate countertops, and white or black appliance packages, creating a straightforward foundation for an interior upgrade program.
Stonepost is positioned in Hays, Kansas, directly across from Hays Aquatic Park. It is also close to Fort Hays State University and Hays Medical Center, supported by remarks that cite 12,900 students and 1,500 jobs at FHSU, and 1,000+ jobs at Hays Medical Center.
For buyers or operators, Stonepost offers immediate in-place occupancy and a practical path for repositioning. The property is described as having nine market-rate units with immediate upside and 54 affordable units that transition to market-rate upon vacancy through the Qualified Contract and decontrol process. The overall physical condition is noted as excellent, and the property is currently reported as 100% occupied, with occupancy averaging 95.4%.
Stonepost is positioned in Hays, Kansas, directly across from Hays Aquatic Park. It is also close to Fort Hays State University and Hays Medical Center, supported by remarks that cite 12,900 students and 1,500 jobs at FHSU, and 1,000+ jobs at Hays Medical Center.
For buyers or operators, Stonepost offers immediate in-place occupancy and a practical path for repositioning. The property is described as having nine market-rate units with immediate upside and 54 affordable units that transition to market-rate upon vacancy through the Qualified Contract and decontrol process. The overall physical condition is noted as excellent, and the property is currently reported as 100% occupied, with occupancy averaging 95.4%.
Key Highlights
- 63‑unit garden‑style apartment community built in 2007
- Includes oversized 2- and 3‑bedroom floor plans averaging 1,061 SF
- Currently 100% occupied with stable in‑place cash flow and 95.4% occupancy averaging
Property Analytics
Property Profile
Current Use
Lease Details
63
Residential units
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 community with oversized two- and three-bedroom layouts and renovation-ready interiors near major employers.
Where is this apartment building located?
The property is located at 109 East 4th Street Hays, KS.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: 63‑unit garden‑style apartment community built in 2007; Includes oversized 2- and 3‑bedroom floor plans averaging 1,061 SF; Currently 100% occupied with stable in‑place cash flow and 95.4% occupancy averaging
