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Three-Unit Multifamily Property
For Sale
$220,000

321 W 5th Street, Junction City, KS 66441

Residential Income, Junction City, KS

Property Size3,024 SF
Lot Size0.30 Acres
Price / SF$72.75
Days on Market23

Property Features for 321 W 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 1, Bathroom 2, Bathroom 3
Parking 3
Parking features On Street
Appliances Cooktop, Refrigerator
Elementary school district Junction City
Middle school district Junction City
High school district Junction City
Directions 321 W 5th Street: From N Washington Street, travel west on W 5th Street. Property will be on the right
Subdivision 998 - Other Kansas Area
Standard status Active
APN 111-12-0-20-16-004.00-0
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description JCT CITY PL , BLOCK 45 , LOT 5 , SECTION 12 TOWNSHIP 12 RANGE 05
Tax Annual Amount 2512
Legal Description JCT CITY PL , BLOCK 45 , LOT 5 , SECTION 12 TOWNSHIP 12 RANGE 05

Utilities

Heating system Electric (Heating), Baseboard
Cooling system Window Unit(s), Electric
Water source Public

Building Details

Year built 1962
Floors in Building 1
Number of units 3
Roof type Composition
Listing Agency: EXP Realty LLC
Listed By: Alicia Archambault · License #HMS413522740
Added: Aug 21 Changed: Sep 12 Last Checked: Sep 12 at 8:06PM
MLS# 2638516

Copyright © 2026 Heartland Multiple Listing Service. 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.

This 1962 multifamily property contains three one-bedroom, one-bath units, with approximately 1,512 square feet above grade and approximately 3,024 square feet of reported gross area. A full basement provides additional building space. Existing features include a composition roof, public water, electric baseboard heating, electric cooling, window units, a cooktop, and a refrigerator.

The property is located at 321 W 5th Street in Junction City, near downtown Junction City and Fort Riley. RM multifamily zoning supports the property’s existing three-unit configuration. The parcel encompasses 0.2957 acres, and on-street parking is identified among the property features.

Key Highlights

  • Three 1‑bedroom/1‑bath units
  • Approximately 1,512 square feet above grade plus a full basement
  • Approximately 3,024 square feet of reported gross area

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic HVAC Service Grocery & Convenience Store Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

773
Businesses Nearby

Demographics for 66441, KS

26,381
Population
12,670
Households
2.1
Avg Household Size
32
Median Age
24%
College-Educated
92%
High-School Grad
231.8 sq mi
ZIP Area
114
Density / Sq Mi
$58,876
Median Household Income
$36,033
Median Earnings
$1,001
Median Rent
$161,100
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with three one-bedroom residences, a full basement, and RM zoning in Junction City.
Where is this triplex located?
The property is located at 321 W 5th Street Junction City, KS.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three 1‑bedroom/1‑bath units; Approximately 1,512 square feet above grade plus a full basement; Approximately 3,024 square feet of reported gross area
More about this property
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