Converted Multifamily
525 Pennsylvania Avenue Holton, KS 66436
For Sale
$325,000
Converted 5–6 unit residential property with many long-term tenants and low vacancy.
Property Size4,168 SF
Price / SF$77.98
Days on Market466
Property Features for 525 Pennsylvania Avenue
General Information
- Standard status
- Active
- Size
- 4,168 SF
- Property subtype
- MULTIFAMILY / Other
Building Details
- Year Built
- 1900
Listing Agency:
KW One Legacy Partners, LLC
(785) 845-8871
Listed By:
Chris Waters · License #422001420
(785) 845-8871
Source:
Compass
Added: Apr 14, 2025
Changed: Jul 22
Last Checked: Jul 23 at 6:29AM
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 KW One Legacy Partners, LLC
Investment Insights
Based on property information with market context.
This converted 5–6 unit residential property offers a multi-tenant layout designed for long-term occupancy. Public remarks indicate low vacancy and many long-term tenants already in place.
The property is located close to downtown in Holton, Kansas, and is described as convenient for casino workers.
As a residential income property, it presents a straightforward opportunity for buyers seeking an income-oriented building with current tenancy and steadier occupancy characteristics.
The property is located close to downtown in Holton, Kansas, and is described as convenient for casino workers.
As a residential income property, it presents a straightforward opportunity for buyers seeking an income-oriented building with current tenancy and steadier occupancy characteristics.
Key Highlights
- Converted 5–6 unit residential property
- Wood flooring
- Frame construction
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 | $56.0k | $13.44 |
| − Vacancy | −$2.8k | −$0.67 |
| EGI | $53.2k | $12.77 |
| − OpEx | −$23.9k | −$5.75 |
| NOI | $29.3k | $7.02 |
4,168 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$418.1K
$365.9K – $487.8K
NOI $29,269 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$470.2K
$411.4K – $548.5K
NOI $32,911 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Converted 5–6 unit residential property with many long-term tenants and low vacancy.
Where is this apartment building located?
The property is located at 525 Pennsylvania Avenue Holton, KS.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Converted 5–6 unit residential property; Wood flooring; Frame construction
