Renovated Triplex with Off-Street
For Sale
$365,000
610 W 25th Street, Lawrence, KS 66046
MULTI_FAMILY - Lawrence, KS
Property Size2,081 SF
Price / SF$175.40
Days on Market50
Property Features for 610 W 25th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 1
Window features
Vinyl Frames, Double Pane Windows
Interior features
High Speed Internet
Basement
Partial, Finished, Walk-Up Access
Subdivision
Belle Haven S
Elementary school
Cordley
Middle school
Billy Mills
High school
Lawrence
Standard status
Active
APN
U11634
Size
2,081 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Please see Offer Instructions.
Legal Description
Please see Offer Instructions.
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1958
Number of units
3
Building materials
Frame
Listing Agency:
STEPHENS REAL ESTATE, INC
(785) 841-4500
Listed By:
ZACH DODSON · License #SP00236280
(785) 220-2237
Added: Jun 18
Changed: Jul 29
Last Checked: Aug 6 at 7:06AM
MLS# 165888
Copyright © 2026 Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated triplex offers a practical, income-oriented layout with two bedrooms and one bathroom per unit. Each unit includes a fully equipped kitchen, washer and dryer, and a mini-split system for cooling. The property was renovated in 2019, including a new roof installed that same year, supporting comfortable day-to-day living across all three units.
The property is located at 610 W 25th Street in Lawrence, Kansas. Based on the provided remarks, it is within walking distance of 23rd St and Checker's Grocery, and an easy drive down Louisiana Street provides access toward the W 31st St and K-10 corridors.
For investors and owner-occupants, the unit mix and in-unit conveniences can support flexible operating strategies. The remarks note that Unit A is currently functioning as a professionally-managed short-term rental home, while Units B and C are occupied by tenants. Off-street parking in back offers additional privacy and convenience for residents and guests. All interested parties should call for more information and details on current operations.
The property is located at 610 W 25th Street in Lawrence, Kansas. Based on the provided remarks, it is within walking distance of 23rd St and Checker's Grocery, and an easy drive down Louisiana Street provides access toward the W 31st St and K-10 corridors.
For investors and owner-occupants, the unit mix and in-unit conveniences can support flexible operating strategies. The remarks note that Unit A is currently functioning as a professionally-managed short-term rental home, while Units B and C are occupied by tenants. Off-street parking in back offers additional privacy and convenience for residents and guests. All interested parties should call for more information and details on current operations.
Key Highlights
- Renovated in 2019 with a new roof installed and mini‑split HVAC in each unit
- 2 bedrooms and 1 bathroom per unit (Units A, B & C) for a consistent unit layout
- Washer/dryer in each unit and fully equipped kitchens in every unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $15.00 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $29.5k | $14.17 |
| − OpEx | −$8.8k | −$4.25 |
| NOI | $20.6k | $9.92 |
2,081 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.1K – $344.2K
NOI $20,649 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.0K
NOI $19,382 @ 7.0% cap · market cap 5.31%
Theoretical Best
Retail
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 66046, KS
19,903
Population
9,452
Households
2.1
Avg Household Size
31
Median Age
46%
College-Educated
96%
High-School Grad
40.8 sq mi
ZIP Area
488
Density / Sq Mi
$58,798
Median Household Income
$31,546
Median Earnings
$937
Median Rent
$217,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex with two-bedroom, one-bath units, in-unit laundry, and off-street parking behind the property.
Where is this triplex located?
The property is located at 610 W 25th Street Lawrence, KS.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Renovated in 2019 with a new roof installed and mini‑split HVAC in each unit; 2 bedrooms and 1 bathroom per unit (Units A, B & C) for a consistent unit layout; Washer/dryer in each unit and fully equipped kitchens in every unit
