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Ottawa Multifamily Investment Opportunity

2331 S Cedar St, Ottawa, KS 66067

For Sale
Contact for pricing
Pending

44-unit multifamily property with renovation and upside potential.

Property Size22,000 SF
Days on Market252

Property Features for 2331 S Cedar St

General Information

Standard status Pending
Size 22,000 SF
Class B
Property subtype Multifamily
Zoning CS
Occupancy 77%

Building Details

Year Built 1985
Year Renovated 2023
Buildings 1
Stories 2
Units 44
Tenancy Multi
Listing Agency: Foundations Commercial Real Estate
Listed By: Kirsten Flory · License KS SP00220332
Source: Crexi
Added: Mar 7 Changed: Nov 4 Last Checked: Nov 12 at 4:37AM

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 Foundations Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 44-unit multifamily property is located on the south side of Ottawa, Kansas. The property, which has been recently renovated, is situated just off the I-35 interchange, providing convenient access. Its location offers close proximity to various retail and commercial services. Currently, the property is 77% occupied, presenting an opportunity for increased occupancy. The property has a total size of 22000 square feet.

Key Highlights

  • Multi‑Family property featuring 44 units.
  • Recently renovated.
  • Located near the I‑35 interchange.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

183
Businesses Nearby

Demographics for 66067, KS

16,011
Population
7,090
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
164.0 sq mi
ZIP Area
98
Density / Sq Mi
$70,653
Median Household Income
$39,170
Median Earnings
$957
Median Rent
$175,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - 44-unit multifamily property with renovation and upside potential.
Where is this apartment building located?
The property is located at 2331 S Cedar St Ottawa, KS.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Multi‑Family property featuring 44 units.; Recently renovated.; Located near the I‑35 interchange.
(785) 766-6568 Call to check price and availability
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