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.
- Added:
- Jun 3, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 6 at 5:22 am
Property Features for 109 E 4th St
General Information
- Standard status
- Active
- Size
- 1,061 SF
- Property subtype
- Multifamily
Listing agent Tyler Hague License #IL: 471.009171; IN: PB21300474; WI: 57999-90 (312) 612-5936
Listing office Chicago - Downtown (312) 612-5936
Listing date Jun 3, 2026
Source Colliers
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
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)
- Value‑add strategy includes converting 53 remaining affordable units to market‑rate rents over a 36‑month timeline
- Stabilized Year 3 NOI is $406,044 with estimated yield on cost of 18.16%
- Located directly across from Hays Aquatic Park and near Fort Hays State University (12,900 students, 1,500 jobs) and Hays Medical Center (1,000+ jobs)
Overview
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%.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hays
- County
- Ellis
- State
- Kansas
- Longitude
- -99.334369
- Latitude
- 38.867895
