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Ottawa Multifamily Investment Opportunity
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2331 S Cedar St, Ottawa, KS 66067

44-unit multifamily property with renovation and upside potential.

Property Size22,000 SF
Price / SF$145.45
Days on Market158

Property Features for 2331 S Cedar St

General Information

Standard status Active
Size 22,000 SF
Class B
Property subtype Multifamily
Zoning CS
Occupancy 77%
Net Operating Income $198,495

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 #SP00220332
Source: Crexi
Added: Mar 7 Changed: Aug 8 Last Checked: Aug 8 at 2:03PM

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

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

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Plumbing Service Hair Salon Locksmith

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

254
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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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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