Converted Two-Story Quadplex with 4
For Sale
$165,000
213 W 9th St, Hutchinson, KS 67501
MULTI_FAMILY - Other - Hutchinson, KS
Property Size2,372 SF
Price / SF$69.56
Days on Market108
Property Features for 213 W 9th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Garage - Detached, Off Street
Basement
Crawl Space
Appliances
Gas Range, Refrigerator
Elementary school district
Faris
Subdivision
Hutchinson SW
Standard status
Active
APN
1211203013006000
Size
2,372 SF
Taxes and HOA fees
Tax Annual Amount
1762
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Building materials
Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Reign Real Estate
(620) 281-1800
Listed By:
Jessica Schmidt
(620) 664-8298
Added: Apr 21
Changed: Aug 5
Last Checked: Aug 6 at 9:06AM
MLS# 54555
Copyright © 2026 Mid-Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This converted two-story home is configured as a quadplex with four finished apartments. The second story includes a studio apartment and a one-bedroom apartment, the main level offers a two-bedroom apartment, and there is a separate cottage with a one-bedroom layout. A detached garage is available and has been used as storage.
The property was built in 1910 and features wood siding with a composition roof. Heat is provided by wall furnaces, and cooling is handled by window unit(s). Appliances include a gas range and refrigerators. Parking is off-street, and the home connects to public water and public sewer.
The current configuration supports an income-focused setup with four distinct apartments under one property, with the detached garage providing additional storage flexibility.
The property was built in 1910 and features wood siding with a composition roof. Heat is provided by wall furnaces, and cooling is handled by window unit(s). Appliances include a gas range and refrigerators. Parking is off-street, and the home connects to public water and public sewer.
The current configuration supports an income-focused setup with four distinct apartments under one property, with the detached garage providing additional storage flexibility.
Key Highlights
- Four finished apartments in a converted two‑story quadplex
- Second story includes a studio and a one‑bedroom apartment
- Main level two‑bedroom apartment plus a one‑bedroom cottage
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 | $28.5k | $12.00 |
| − Vacancy | −$1.7k | −$0.70 |
| EGI | $26.8k | $11.30 |
| − OpEx | −$12.1k | −$5.09 |
| NOI | $14.7k | $6.22 |
2,372 SF · lease $12.00/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.2K
$197.9K – $263.9K
NOI $15,835 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$210.7K
$184.3K – $245.8K
NOI $14,747 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$480.1K
$420.1K – $560.2K
NOI $33,610 @ 7.0% cap · market cap 20.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 67501, KS
24,779
Population
11,075
Households
2.2
Avg Household Size
37
Median Age
11%
College-Educated
85%
High-School Grad
188.0 sq mi
ZIP Area
132
Density / Sq Mi
$50,069
Median Household Income
$29,008
Median Earnings
$865
Median Rent
$86,300
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?
Quadplex - Converted two-story quadplex with four finished apartments, public water and sewer, and off-street parking.
Where is this quadplex located?
The property is located at 213 W 9th St Hutchinson, KS.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Four finished apartments in a converted two‑story quadplex; Second story includes a studio and a one‑bedroom apartment; Main level two‑bedroom apartment plus a one‑bedroom cottage
