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Two-Unit Duplex Property
New
For Sale
$349,900

404-406 Arkansas Street, Lawrence, KS 66044

R-2-zoned duplex with matching residential floor plans and established professional management.

Property SizeContact for details
Days on Market2

Property Features for 404-406 Arkansas Street

General Information

Standard status Active
Property subtype Residential Income
Zoning R-2

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,376

Building Details

Year Built 1976
Units 2
Listing Agency: McGrew Real Estate Inc
Listed By: Nicholas Lerner · License #SP00226331
Source: Community-realty
Added: Aug 5 Changed: Aug 6 Last Checked: Aug 6 at 1:52AM

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 McGrew Real Estate Inc

Investment Insights

Based on property information with market context.

This two-unit residential property includes two separate apartments, each configured with 2 bedrooms and 1 bathroom. Built in 1976, the duplex is zoned R-2 and is currently operated as a professionally managed rental property. The ownership structure also allows a purchaser to continue with the existing management arrangement or select another management approach.

The property is located at 404-406 Arkansas Street in Lawrence, Kansas, within the Pinkney Neighborhood. Public remarks identify convenient access to LMH Health, Downtown Lawrence, the University of Kansas, and I-70. The address offers a residential income configuration with consistent unit layouts and an established operating framework.

Key Highlights

  • Two‑unit duplex at 404‑406 Arkansas Street, Lawrence, KS 66044
  • Each apartment offers 2 bedrooms and 1 bathroom
  • R‑2 zoning

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility Bakery Locksmith HVAC Service Home Appliance 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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

880
Businesses Nearby

Demographics for 66044, KS

28,276
Population
12,723
Households
2.2
Avg Household Size
28
Median Age
54%
College-Educated
95%
High-School Grad
64.2 sq mi
ZIP Area
440
Density / Sq Mi
$56,340
Median Household Income
$20,271
Median Earnings
$999
Median Rent
$228,100
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?
Duplex - R-2-zoned duplex with matching residential floor plans and established professional management.
Where is this duplex located?
The property is located at 404-406 Arkansas Street Lawrence, KS.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex at 404‑406 Arkansas Street, Lawrence, KS 66044; Each apartment offers 2 bedrooms and 1 bathroom; R‑2 zoning
More about this property
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