Two-Unit Ranch
New
For Sale
$380,000
43 - 45 E Des Moines Ave, South Hutchinson, KS 67505
Residential Income, South Hutchinson, KS
Property Size2,190 SF
Price / SF$173.52
Days on Market7
Property Features for 43 - 45 E Des Moines Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Open, Garage
Basement
Finished, Full, Concrete
Appliances
Dishwasher, Disposal, Microwave, Electric Oven, Sat. Dish/Receiver-OWNED, Electric Water Heater, Window Coverings-SOME, Range Hood
Elementary school district
South Hutchinson
Subdivision
South Hutchinson
Standard status
Active
APN
1272503022009050 1272503022009040
Size
2,190 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6762
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2010
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Ranch
Buildings
1
Listing Agency:
Coldwell Banker Americana, Realtors · Coldwell Banker Real Estate
(620) 663-8391
Listed By:
WINKIE TENNANT
(620) 664-4949
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 27 at 2:06PM
MLS# 55734
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.
This two-unit ranch duplex contains 2,190 square feet and was built in 2010. Both residences have three bedrooms and three bathrooms, with finished basement family rooms and additional bonus rooms. One side includes a three-car garage and a separate recreation room; the other has a covered patio adjoining the kitchen and dining area.
The property is located in South Hutchinson, just off Highway 50. Vinyl siding, composition roofing, heat-pump heating and cooling, and public water and sewer serve the building.
The property is located in South Hutchinson, just off Highway 50. Vinyl siding, composition roofing, heat-pump heating and cooling, and public water and sewer serve the building.
Key Highlights
- Two residences, each with 3 bedrooms and 3 bathrooms
- 2,190 square feet; built in 2010
- Finished basement family rooms and bonus rooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,620
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,400
$292.4K
Cap Rate 7%
$208,857
$208.9K
Cap Rate 9%
$162,444
$162.4K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$22.3K $10.20/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$20.9K $9.54/SF
− OpEx
−$6.3K −$2.86/SF
NOI
$14.6K $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%
$292,400
Cap Rate 7%
$208,857
Cap Rate 9%
$162,444
Alternative Uses
Best Use
Multifamily LT 5
$208.9K
$182.8K – $243.7K
NOI $14,620 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$194.5K
$170.2K – $226.9K
NOI $13,616 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$443.3K
$387.9K – $517.2K
NOI $31,031 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
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Business Placement
Demographics for 67505, KS
2,538
Population
1,294
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
906
Density / Sq Mi
$42,306
Median Household Income
$45,825
Median Earnings
$555
Median Rent
$149,000
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 - Each residence offers three bedrooms, three bathrooms, and finished basement living space.
Where is this duplex located?
The property is located at 43 - 45 E Des Moines Ave South Hutchinson, KS.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 3 bathrooms; 2,190 square feet; built in 2010; Finished basement family rooms and bonus rooms in both residences
