Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hays Duplex Near University Title is generated by Realmo AI

    315 W 6th, Hays, KS 67601

    View on Map
    Claim this Listing
    For Sale
    $189,000

    Duplex - Hays, KS

    Type:Duplex
    Lot size:
    0.14 Acres
    Added:
    May 10, 2026
    Days on Market:
    16
    Last Refresh:
    May 25 at 4:06 am

    Property Features for 315 W 6th

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    Nc.4 / R-4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1941
    Number of units
    2
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Scoby
    Luke Scoby

    Listing agent Luke Scoby License #00243873

    Listing office Bel Air Realty 1501 Vine St., Hays, KS

    Listing date May 10, 2026

    MLS# 205898 Listing URL

    Copyright © 2026 Western 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.

    HighLights

    • Investment property with income potential
    • Walking distance to Fort Hays State University
    • Two separate apartments (3 bed/1 bath & 2 bed/1 bath)
    • Detached large garage for additional income or storage
    • Main floor apartment with large living area
    • Basement apartment includes a laundry room

    Overview

    This property, located within walking distance of Fort Hays State University, is an investment opportunity featuring two separate apartments. The main floor apartment includes three bedrooms, one bathroom, and a large living area. The basement apartment offers two bedrooms, one bathroom, a living area, and a laundry room. A detached, large garage is separate from the apartments and can provide additional income or storage space. The property is located in Hays, KS, with a zoning designation of Nc.4 / R-4, situated on a lot of 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hays
    County
    Ellis
    State
    Kansas
    Longitude
    -99.336821
    Latitude
    38.871051

    Nearby Similar for Sale

    • $365,000

      Remodeled Office Space on Main

      Commercial building with remodeled interior and ample parking.
      1400 Main, Hays, KS 67601
      View Details
    • $398,000

      Updated Office Space on Pine

      Prime office space with updated interiors and high traffic exposure.
      1301 Pine, Hays, KS 67601
      View Details
    • $150,000

      Hays Office with Meeting Room

      Office space with large offices, waiting room, and meeting room.
      132 W 9th, Hays, KS 67601
      View Details
    • $2,450,000

      Hays Auto Services Prime Location

      Prime location in the heart of the N Vine business district.
      4240 Vine, Hays, KS 67601
      View Details
    • $3,800

      Hays Warehouse with High Walls

      Warehouse space with high walls and semi access in Hays.
      2733 Augusta, Hays, KS 67601
      View Details
    • $220,000

      Hays Fourplex with Additional Rental

      Two-story rental property with four units and additional house.
      200 E 17th, Hays, KS 67601
      View Details
    • $790,000

      Hays Commercial Property with Shop

      Commercial property featuring office spaces, shop, and residential house.
      1327 Rome, Hays, KS 67601
      View Details
    • $195,000

      Hays Duplex with Rental Potential

      Duplex in quiet neighborhood with detached studio apartment.
      606 E 16th, Hays, KS 67601
      View Details
    • $75,000
      12,972 SF

      Hays Warehouse and Retail Space

      12,972 sq ft warehouse/retail space on railroad property.
      1001 Vine Street, Hays, KS 67601
      View Details
    • $1.00

      Hays Office Spaces Available

      Garden level offices for lease on Vine Street, Hays.
      2501 Vine, Hays, KS 67601
      View Details
    • $289,000
      7,200 SF

      Hays Warehouse and Storage Space

      Flexible warehouse space with great location and storage potential.
      1206 Vine, Hays, KS 67601
      View Details
    • $599,000

      Hays Commercial Property For Sale

      Flexible commercial property with high ceilings and ample parking.
      1017 E 13th, Hays, KS 67601
      View Details

    FAQs

    What type of property is this?
    Duplex - Investment property near Fort Hays State University with two apartments.
    Where is this duplex located?
    The property is located at 315 W 6th Hays, KS.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Investment property with income potential; Walking distance to Fort Hays State University; Two separate apartments (3 bed/1 bath & 2 bed/1 bath)
    (785) 650-3237
    We can help!
    Listing Contact
    Luke Scoby
    Luke Scoby
    Real Estate License ID: 00243873
    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
    315 W 6th, Hays, KS 67601
    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!