Building Details

Year Built 1957

Units 1

Listing Agency: The Real Estate Company

Listed By: Tiara Shields · License #00245308 Show Phone

Source: Compass

Added: Dec 15, 2018 Changed: Oct 16 Last Checked: Oct 16 at 10:52AM

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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 The Real Estate Company

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Investment Insights

Based on property information with market context.

Unit 1 is a one-bedroom multifamily residence measuring 1,144 square feet. Interior features include a window unit, wall furnace or baseboard heat, laundry facilities, and a kitchen equipped with a microwave, oven/range, and refrigerator. The property was built in 1957 and includes brick veneer and composition exterior materials.

The residence is located at 209 East 25th Street in North Newton, Kansas, within the 67117 ZIP code. The address identifies this offering as Unit 1 within the multifamily property.

Key Highlights

• 1,144‑square‑foot one‑bedroom multifamily unit
• Kitchen includes microwave, oven/range, and refrigerator
• Laundry facilities included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,823

Suggested Prices Based on Cap Rates

Cap Rate 5%

$176,460 $176.5K

Cap Rate 7%

$126,043 $126.0K

Cap Rate 9%

$98,033 $98.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,144 SF

Gross rent

$16.9K $14.76/SF

− Vacancy

−$844 −$0.74/SF

EGI

$16.0K $14.02/SF

− OpEx

−$7.2K −$6.31/SF

NOI

$8.8K $7.71/SF

Area

Harvey County, KS

Vacancy

5.00%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$176,460

Cap Rate 7%

$126,043

Cap Rate 9%

$98,033

Alternative Uses

Best Use

Apartment 5plus

$126.0K

$110.3K – $147.1K (±1% cap)

NOI $8,823 @ 7.0% cap · market cap 1,960.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$242.9K

$212.5K – $283.4K (±1% cap)

NOI $17,001 @ 7.0% cap · market cap 3,778.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

125

Businesses Nearby

Explore this area Business Placement

Demographics for 67117, KS

1,827

Population

914

Households

2

Avg Household Size

53

Median Age

47%

College-Educated

98%

High-School Grad

1.3 sq mi

ZIP Area

1,405

Density / Sq Mi

$86,625

Median Household Income

$32,401

Median Earnings

$798

Median Rent

$203,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - The unit includes kitchen appliances, laundry facilities, and window cooling with wall or baseboard heat.

Where is this multifamily property located?

The property is located at 209 East 25th Street Unit 1 North Newton, KS.

What are key features of this property?

This property features: 1,144‑square‑foot one‑bedroom multifamily unit; Kitchen includes microwave, oven/range, and refrigerator; Laundry facilities included