Renovated Triplex with
For Sale
$359,000
610 W 25th Street, Lawrence, KS 66046
Residential Income, Lawrence, KS
Property Size2,081 SF
Price / SF$172.51
Days on Market142
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 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Window features
Double Pane Windows, Vinyl Frames
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
Additional Details
Tenant in Place
Yes
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
Amenities
washer & dryer in unit
fully equipped kitchen
mini-split cooling
off-street parking
Building Details
Year built
1958
Number of units
3
Building materials
Frame
Buildings
1
Listing Agency:
STEPHENS REAL ESTATE, INC
(785) 841-4500
Listed By:
ZACH DODSON · License #SP00236280
(785) 220-2237
Added: Jun 18
Changed: Nov 4
Last Checked: Nov 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.
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Investment Insights
Based on property information with market context.
This 2,081-square-foot triplex contains three residential units, each configured with two bedrooms and one bathroom. Renovation work was completed in 2019, including a new roof, while individual mini-split systems provide cooling throughout the units. Every residence includes a fully equipped kitchen and its own washer and dryer. The property is built with frame construction and connected to public water and public sewer.
Located at 610 W 25th Street in Lawrence, the property is near 23rd Street and Checker's Grocery. Louisiana Street provides access toward the W 31st Street and K-10 corridors, with shopping and restaurants along the route. Rear off-street parking adds convenience and separation from the residences. Unit A currently operates as a professionally managed short-term rental, while Units B and C are tenant occupied.
Located at 610 W 25th Street in Lawrence, the property is near 23rd Street and Checker's Grocery. Louisiana Street provides access toward the W 31st Street and K-10 corridors, with shopping and restaurants along the route. Rear off-street parking adds convenience and separation from the residences. Unit A currently operates as a professionally managed short-term rental, while Units B and C are tenant occupied.
Key Highlights
- 2,081‑square‑foot triplex with three units
- Each unit includes 2 bedrooms and 1 bathroom
- Renovated in 2019 with a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,649
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,980
$413.0K
Cap Rate 7%
$294,986
$295.0K
Cap Rate 9%
$229,433
$229.4K
Market Conditions
NOI Build-Up for 2,081 SF
Gross rent
$31.2K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.5K $14.17/SF
− OpEx
−$8.8K −$4.25/SF
NOI
$20.6K $9.92/SF
Area
Douglas County, KS
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,980
Cap Rate 7%
$294,986
Cap Rate 9%
$229,433
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.1K – $344.2K
NOI $20,649 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.0K
NOI $19,382 @ 7.0% cap · market cap 5.40%
Theoretical Best
Retail
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each unit offers a kitchen, laundry appliances, and individual mini-split cooling for convenient daily use.
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 $359,000.
What are key features of this property?
This property features: 2,081‑square‑foot triplex with three units; Each unit includes 2 bedrooms and 1 bathroom; Renovated in 2019 with a new roof
