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    Pomona Multifamily Investment Opportunity Title is generated by Realmo AI

    200 E 2nd Street, Pomona, KS 66076

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    New
    For Sale
    $99,500

    MULTI_FAMILY - Pomona, KS

    Lot size:
    0.50 Acres
    Added:
    May 11, 2026
    Days on Market:
    2
    Last Refresh:
    May 12 at 7:06 pm

    Property Features for 200 E 2nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res/mu
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Parking
    6
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Apply To Some
    Appliances
    Refrigerator, Electric Range
    Standard status
    Active
    APN
    030-143-05-0-20-07-001.00-0
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    Lots 29,31,33,35 on East "B" St. Pomona
    Tax Annual Amount
    468

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    3
    Building materials
    Metal Siding, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Leah Hamilton

    Listing agent Leah Hamilton License #SP00046802

    Listing office Crown Realty 336 S Main, Paola, KS

    Listing date May 11, 2026

    MLS# 2619104 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strong income potential with two tenant‑occupied mobile homes generating approximately $1,200/month.
    • Large lot with a third utility meter in place, offering the potential to add a doublewide for increased rental income (buyer to verify requirements).
    • Recent updates to both mobile homes, including new subflooring and carpet in one, and new heat/air, roof coating, and interior floors in the other.
    • Each unit has a separate storage shed and ample parking for tenants and guests.
    • Great opportunity for investors to expand their rental portfolio.
    • Both homes have updated electric service.

    Overview

    This investment property features two tenant-occupied mobile homes situated on a large lot, presenting a strong income potential. A third utility meter is already in place, offering the possibility of adding a doublewide for additional rental income; buyers should verify all information and zoning/building requirements with the city. One home, a 1983 model, includes two bedrooms and one bathroom and has been updated with newer subflooring and carpet throughout. The second home, a 1980 model, features three bedrooms and two bathrooms. The approximate combined rental income for both homes is $1,200 per month. Additional features include ample parking for tenants and guests, separate storage sheds for each unit, and a large lot with expansion potential. Updates to 128 Taylor include a new electric service from the city in 2021, new subfloor and carpet in 2025, and a new roof coating in 2024. Updates to 130 1/2 Taylor include a new electric service, new heat and air in 2024, a new roof coating in 2024, and all new interior floors in 2016. The property is located in Pomona, Kansas, on a lot that is 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Bar & Pub Grocery & Convenience Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Franklin
    State
    Kansas
    Longitude
    -95.450285
    Latitude
    38.606321

    FAQs

    What type of property is this?
    Mobile home & RV park - Two mobile homes with expansion potential in Pomona, Kansas.
    Where is this mobile home & rv park located?
    The property is located at 200 E 2nd Street Pomona, KS.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: Strong income potential with two tenant‑occupied mobile homes generating approximately $1,200/month.; Large lot with a third utility meter in place, offering the potential to add a doublewide for increased rental income (buyer to verify requirements).; Recent updates to both mobile homes, including new subflooring and carpet in one, and new heat/air, roof coating, and interior floors in the other.
    (785) 214-0233
    We can help!
    Listing Contact
    Leah Hamilton
    Real Estate License ID: SP00046802
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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