Building Details

Year Built 1970

Units 3

Listing Agency: Compass Realty Group d***@compass.com Show Phone

Listed By: Debbie Heinrich · License #SP00221705 Show Phone

Source: Community-realty

Added: Aug 5 Changed: Aug 29 Last Checked: Aug 29 at 11:26PM

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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 R-2-zoned triplex contains one two-bedroom residence and two one-bedroom residences. One unit is vacant, while the other two are leased through March and May 2026, respectively. The property also provides parking at both the front and rear of the building.

The unit mix offers a combination of two-bedroom and one-bedroom layouts within a single multifamily asset. Its existing leases, available unit, and on-site parking provide a clear overview of the current configuration for prospective ownership review.

Key Highlights

• Triplex with one 2BR unit and two 1BR units
• One unit is vacant; two units are leased through 3 & 5/2026
• Front and rear parking areas

Property Analytics

Property Profile

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.

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Triplex - R-2-zoned triplex with front and rear parking, a mixed unit layout, and one vacant residence.

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; One unit is vacant; two units are leased through 3 & 5/2026; Front and rear parking areas