Duplex with Detached Two-Car
New
For Sale
$234,900
401 W 15th Ave, Hutchinson, KS 67501
Residential Income, Hutchinson, KS
Property Size2,016 SF
Price / SF$116.52
Days on Market2
Property Features for 401 W 15th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage - Detached, Off Street, On Street
Basement
Full
Appliances
Dishwasher, Microwave, Electric Oven, Gas Water Heater, Window Coverings-ALL
Lot features
City Lot
Elementary school
Morgan
Middle school
Hutchinson
High school
Hutchinson
Elementary school district
Morgan
Subdivision
Hutchinson SW
Standard status
Active
APN
1211202015001000
Size
2,016 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3626
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Multi Units
Water source
Well, Public
Amenities
sidewalks
privacy-fenced shared patio
UGS on well with timer
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Building materials
Frame, Wood Siding
Roof type
Composition
Architectural style
Other
Buildings
1
Listing Agency:
PLAZA/ASTLE REALTY
(620) 662-0576
Listed By:
VALERIE PRYOR · License #SP00226398
(620) 708-2609
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 5:06AM
MLS# 55800
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.
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Investment Insights
Based on property information with market context.
Built in 1935, this 2,016-square-foot duplex received extensive renovations in 2023. The two residences each include two bedrooms, one full bathroom, hardwood flooring, a formal dining area, and a mudroom. A full basement provides additional storage. Updates included kitchens and bathrooms, HVAC systems, plumbing, electrical work, paint, storm windows, and storm doors.
At 401 W 15th Ave in Hutchinson, the property occupies a corner lot across from Cub Square. Site features include a detached two-car garage, a new driveway, sidewalks, and a shared patio enclosed by a privacy fence. The property also has underground sprinkler coverage supplied by a well and controlled by a timer.
At 401 W 15th Ave in Hutchinson, the property occupies a corner lot across from Cub Square. Site features include a detached two-car garage, a new driveway, sidewalks, and a shared patio enclosed by a privacy fence. The property also has underground sprinkler coverage supplied by a well and controlled by a timer.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 2,016 square feet; built in 1935
- Renovations completed in 2023 included HVAC, plumbing, electrical, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,459
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,180
$269.2K
Cap Rate 7%
$192,271
$192.3K
Cap Rate 9%
$149,544
$149.5K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$20.6K $10.20/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$19.2K $9.54/SF
− OpEx
−$5.8K −$2.86/SF
NOI
$13.5K $6.68/SF
Area
Reno County, KS
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,180
Cap Rate 7%
$192,271
Cap Rate 9%
$149,544
Alternative Uses
Best Use
Multifamily LT 5
$192.3K
$168.2K – $224.3K
NOI $13,459 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$179.1K
$156.7K – $208.9K
NOI $12,534 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$408.1K
$357.1K – $476.1K
NOI $28,566 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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Business Placement
Demographics for 67501, KS
24,779
Population
11,075
Households
2.2
Avg Household Size
37
Median Age
11%
College-Educated
85%
High-School Grad
188.0 sq mi
ZIP Area
132
Density / Sq Mi
$50,069
Median Household Income
$29,008
Median Earnings
$865
Median Rent
$86,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, a full bathroom, hardwood flooring, and a formal dining area.
Where is this duplex located?
The property is located at 401 W 15th Ave Hutchinson, KS.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 2,016 square feet; built in 1935; Renovations completed in 2023 included HVAC, plumbing, electrical, kitchens, and bathrooms
