Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    213 W 9th St Hutchinson, KS 67501

    View on Map
    Claim this Listing
    For Sale
    $169,900

    MULTI_FAMILY - Other - Hutchinson, KS

    Property size:
    2,372 SF
    Price / SF:
    $71/SF
    Added:
    Apr 21, 2026
    Days on Market:
    14
    Last Refresh:
    May 4 at 8:06 pm

    Property Features for 213 W 9th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Garage - Detached
    Basement
    Crawl Space
    Appliances
    Gas Range, Refrigerator
    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

    We can help!

    Listing Contact
    Jessica Schmidt

    Listing agent Jessica Schmidt

    Listing office Reign Real Estate KS

    Listing date Apr 21, 2026

    MLS# 54555 Listing URL

    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.

    Overview

    Four-Unit Multifamily Property in Hutchinson

    This property features a converted two-story home with four finished apartments, offering great income potential. The second story includes a studio apartment and a one-bedroom apartment. The main level features a two-bedroom apartment. Additionally, there is a one-bedroom cottage apartment. The detached garage has been used for storage. Located in Hutchinson, Kansas, the property spans 2,372 square feet. The property is located in Reno County.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    Reno
    State
    Kansas
    Longitude
    -97.936675
    Latitude
    38.062626

    Nearby Similar for Sale

    • $424,900

      High Traffic Corner Location

      Prime medical/professional opportunity in a growing corridor.
      2300 N Lorraine St, Hutchinson, KS 67502
      View Details
    • $399,900

      Downtown Hutchinson Salon & Boutique

      Turn-key salon and boutique in growing downtown Hutchinson.
      16 S Main St, Hutchinson, KS 67501
      View Details
    • $349,900
      3,410 SF

      Turnkey Multifamily Investment Opportunity

      High-performing 6-unit property with 10% cap rate in Hutchinson, KS.
      400 E Sherman Ave, Hutchinson, KS 67501
      View Details
    • $399,000

      Established Restaurant and Bakery Opportunity

      Charming, family-owned restaurant and bakery with loyal customer base.
      6803 W Highway K61, Hutchinson, KS 67501
      View Details
    • $1,400,000

      Commercial Truck Wash Facility

      State-of-the-art truck wash facility in Hutchinson, Kansas.
      1701 E Blanchard Ave, Hutchinson, KS 67501
      View Details
    • $12
      12,170 SF

      Hutchinson Retail Space For Sale

      Highly visible retail space near Hutchinson Mall available for sale.
      1600-1624 E. 11th Street, Hutchinson, KS 67501
      View Details
    • $50,000
      1,764 SF

      Income-Producing Duplex in Hutchinson, KS

      Affordable duplex with rental income potential in Hutchinson, Kansas.
      215 E 7th Ave, Hutchinson, KS 67501
      View Details
    • $225,000
      4,001 SF

      Office with Warehouse Space

      Versatile 4,000 SF office and warehouse space for lease.
      410 N Adams St, Hutchinson, KS
      View Details
    • $12
      12,170 SF

      Hutchinson Retail Space For Sale

      Highly visible retail space near Hutchinson Mall available for sale.
      1600-1624 E. 11th Street, Hutchinson, KS 67501
      View Details
    • $450,000
      15,200 SF

      Spacious Retail Space For Sale

      15,200 SF retail space with large parking lot.
      3101 N Lorraine St, Hutchinson, KS 67502
      View Details
    • $1,100,000
      1,871 SF

      Drive-Thru Restaurant on 30th Street

      Freestanding restaurant with drive-thru, high traffic location.
      420 E 30th Ave, Hutchinson, KS
      View Details
    • $249,500
      7,500 SF

      Warehouse with Office Space

      7,500 SF warehouse with office space for sale.
      722 E 4th Ave, Hutchinson, KS
      View Details

    FAQs

    What type of property is this?
    Quadplex - Converted two-story home with four apartments, great income potential.
    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 $169,900.
    What are key features of this property?
    This property features: Converted 2‑story home with 4 finished apartments.; Great income potential with rent increases.; Includes a studio, one‑bedroom, and two‑bedroom apartments.
    (620) 664-8298
    We can help!
    Listing Contact
    Jessica Schmidt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    213 W 9th St, Hutchinson, KS 67501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!