414 WATSON ST, Pratt, KS 67124

Building Details

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Listing Agency: SAB Capital

Listed By: Michael Soleimani · License NY #10401294940 Show Phone

Source: Crexi

Added: Oct 26 Changed: Nov 8 Last Checked: Nov 8 at 5:11PM

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Investment Insights

Based on property information with market context.

This age-restricted apartment community in Pratt, Kansas, contains 60 one-bedroom units across three stories. Residents have access to an elevator, a community day room, on-site laundry, and approximately 30 parking spaces. Project-Based Section 8 HAP coverage applies to all 60 apartments.

Capital work completed in 2025 included a roof replacement and substantial hydraulic elevator repairs. The property earned a REAC inspection score of 98 in 2024. Pratt is approximately 80 miles west of Wichita.

Key Highlights

• 60 one‑bedroom apartments with Project‑Based Section 8 HAP coverage across all units
• Three‑story, elevator‑served senior community
• Community day room, on‑site laundry, and approximately 30 parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hillside Terrace Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Bakery Plumbing Service HVAC Service (Bike/Boat/Book/etc) Store Locksmith

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

60

Residential units

Location Intelligence

Trade Area within ½ mile

550

Businesses Nearby

Explore this area Business Placement

Demographics for 67124, KS

7,922

Population

3,571

Households

2.2

Avg Household Size

39

Median Age

26%

College-Educated

93%

High-School Grad

277.3 sq mi

ZIP Area

29

Density / Sq Mi

$65,707

Median Household Income

$30,665

Median Earnings

$809

Median Rent

$118,600

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?

Apartment building - A three-story, elevator-equipped community offers one-bedroom residences, shared laundry, and a resident day room.

Where is this apartment building located?

The property is located at 414 WATSON ST Pratt, KS.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: 60 one‑bedroom apartments with Project‑Based Section 8 HAP coverage across all units; Three‑story, elevator‑served senior community; Community day room, on‑site laundry, and approximately 30 parking spaces