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3-Unit Triplex
New
For Sale
$229,900

311-313.5 S Hickory St, McPherson, KS 67460

Residential Income, McPherson, KS

Property Size1,877 SF
Price / SF$122.48
Days on Market3

Property Features for 311-313.5 S Hickory St

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features On Street
Basement Crawl Space
Appliances Washer, Microwave, Electric Oven, Refrigerator, Electric Water Heater
Elementary school Roosevelt McPherson
Middle school McPherson
High school McPherson
Elementary school district Roosevelt - McPherson
Subdivision McPherson city SW
Standard status Active
APN 0591392904018005000
Size 1,877 SF

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 867

Utilities

Sewer type Public Sewer
Heating system Wall Furnace, Zoned, Ductless (Heating)
Cooling system Window Unit(s), Multi Units, Ductless, Ceiling Fan(s)
Water source Public

Building Details

Year built 1935
Floors in Building 2
Number of units 3
Building materials Frame, Wood Siding
Roof type Shingle
Listing Agency: Compass Realty LLC
Listed By: Lanae Powell · License #00226428
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 10:06AM
MLS# 55674

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.

The 1,877-square-foot property at 311-313.5 S Hickory St in McPherson contains three all-electric apartments, each configured with one bedroom and one bathroom. Every unit has its own entrance and includes appliances. Improvements include exterior paint in 2025, a roof installed in 2026, new gutters, added attic insulation, PEX plumbing to the meter, and updates to windows, flooring, and interior paint. One apartment was taken down to the studs during renovation.

All three apartments are occupied under one-year leases. Electric and water are separately metered, and tenants pay those utility costs; the landlord handles lawn care. The building dates to 1935 and has public water and sewer service.

Key Highlights

  • Three 1‑bedroom, 1‑bathroom apartments in 1,877 square feet
  • All units are rented on 1‑year leases
  • Separate entrances and included appliances for each unit

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

785
Businesses Nearby

Demographics for 67460, KS

16,113
Population
7,097
Households
2.3
Avg Household Size
38
Median Age
36%
College-Educated
95%
High-School Grad
227.2 sq mi
ZIP Area
71
Density / Sq Mi
$80,091
Median Household Income
$41,011
Median Earnings
$912
Median Rent
$211,900
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?
Triplex - Three separately entered residences have individual electric and water meters, with utility costs paid by tenants.
Where is this triplex located?
The property is located at 311-313.5 S Hickory St McPherson, KS.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom apartments in 1,877 square feet; All units are rented on 1‑year leases; Separate entrances and included appliances for each unit
More about this property
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