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Three-Unit Property with Parking
New
For Sale
$200,000

505 N Elmira Street, Highland, KS 66035

R-2-zoned residential income property offers front and rear parking, two occupied units, and one vacancy.

Property SizeContact for details
Days on Market6

Property Features for 505 N Elmira Street

General Information

Standard status Active
Property subtype Residential Income
Zoning R-2

Taxes and HOA fees

Annual Taxes $1,198

Building Details

Year Built 1970
Units 3
Tenancy Multi
Listing Agency: Compass Realty Group
Listed By: Debbie Heinrich · License #SP00221705
Source: Coloniallistings
Added: Aug 1 Changed: Aug 2 Last Checked: Aug 5 at 1:35PM

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 Compass Realty Group

Investment Insights

Based on property information with market context.

Built in 1970, this triplex contains one two-bedroom unit and two one-bedroom units. Two units are currently rented, with reported lease terms extending through 3/2026 and 5/2026, while the remaining unit is vacant. The property includes parking areas at both the front and rear of the building.

Located at 505 N Elmira Street in Highland, Kansas, the property carries R-2 zoning. Its three-unit configuration, established residential use, varied unit mix, and existing occupancy provide a straightforward multifamily layout for evaluating current operations and the available unit.

Key Highlights

  • Triplex with one 2BR unit and two 1BR units
  • Two units rented through 3/2026 and 5/2026
  • One unit is currently vacant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Hair Salon Computer & Electronic Repair Nail Salon Daycare Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

77
Businesses Nearby

Demographics for 66035, KS

1,169
Population
456
Households
2.6
Avg Household Size
33
Median Age
36%
College-Educated
88%
High-School Grad
44.6 sq mi
ZIP Area
26
Density / Sq Mi
$95,543
Median Household Income
$10,451
Median Earnings
$578
Median Rent
$154,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - R-2-zoned residential income property offers front and rear parking, two occupied units, and one vacancy.
Where is this triplex located?
The property is located at 505 N Elmira Street Highland, KS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Triplex with one 2BR unit and two 1BR units; Two units rented through 3/2026 and 5/2026; One unit is currently vacant
More about this property
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