Douglass, KS Multifamily Investment Opportunity

619 Highway 77, Douglass, KS 67039

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For Sale

$900,000

MULTI_FAMILY - Douglass, KS

Property size:

20,147 SF

Lot size:

9.40 Acres

Price / SF:

$44/SF

HighLights

High‑yield, value‑add opportunity with existing cash flow exceeding $10,700/month and pro‑forma income nearing $20,000/month.
Significant expansion potential to add 8‑11 more units with minimal structural changes.
Large 9.4‑acre lot with frontage on Hwy 77 suitable for storage units and additional acreage on Elm Street for future residential development.
All 11 existing apartments have been remodeled within the last two years and are 100% occupied.
Located next to a new city‑built pond and walking trail, enhancing tenant appeal.
City of Douglass actively encourages growth with tax abatements and potential grant funding for residential expansion.

We can help!

Listing Contact

Marti Vo

For Sale

$900,000

MULTI_FAMILY - Douglass, KS

Property size:

20,147 SF

Lot size:

9.40 Acres

Price / SF:

$44/SF

Added:: Apr 26, 2026
Days on Market:: 47
Last Refresh:: Jun 11 at 6:06 pm

Property Features for 619 Highway 77

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 50
Appliances: Dishwasher, Range, Refrigerator
Standard status: Active
APN: 00841-521020600100
Size: 20,147 SF
Lot size: 9.40 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: S21 , T29 , R04E , ACRES 9.4 , PT SW4 NW4 BEG 601N SW/C NW4 E189 S73 E TO HWY 77 NE840 W525 S396 W T
Tax Annual Amount: 7358

Utilities

Heating system: Electric (Heating)
Cooling system: Electric
Water source: Public

Building Details

Year built: 1971
Number of units: 11
Building materials: Frame, Masonry
Roof type: Composition

We can help!

Listing Contact

Marti Vo

Listing agent Marti Vo License #BR00054935

Listing office Nikkel and Associates 3525 N RIDGE RD., Wichita, KS

Listing date Apr 26, 2026

MLS# 671909 Listing URL

HighLights

High‑yield, value‑add opportunity with existing cash flow exceeding $10,700/month and pro‑forma income nearing $20,000/month.
Significant expansion potential to add 8‑11 more units with minimal structural changes.
Large 9.4‑acre lot with frontage on Hwy 77 suitable for storage units and additional acreage on Elm Street for future residential development.
All 11 existing apartments have been remodeled within the last two years and are 100% occupied.
Located next to a new city‑built pond and walking trail, enhancing tenant appeal.
City of Douglass actively encourages growth with tax abatements and potential grant funding for residential expansion.

Overview

Located in Douglass, KS, this property features an 11-door rental portfolio situated on 9.4 acres. It includes a fully leased 2,000 sq ft restaurant and 11 remodeled apartments. All existing units have been updated within the last two years and are 100% occupied. The property layout, originally a nursing home, allows for the addition of 8 to 11 more units. Investors can scale by finishing the second hall, adding additional 1- and 2-bedroom units, and potentially incorporating a laundromat or flex-use space. The current income exceeds $10,700 per month, with pro-forma income nearing $20,000 per month once renovations are complete. The northern frontage along Highway 77 is suitable for storage units. The west side borders a new city-built pond and walking trail. Additional acreage along Elm Street supports future residential development. The City of Douglass encourages growth and offers tax abatements and potential grant funding for residential expansion. The seller is willing to assist with city engagement and share a full development vision. The property size is 20,147 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Douglass
County: Butler
State: Kansas
Longitude: -97.006942
Latitude: 37.514794

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For sale
Apartment buildings
KS
Douglass
67039
619 Highway 77

What type of property is this?

Apartment building - High-yield, value-add multifamily portfolio with expansion potential on 9.4 acres.

Where is this apartment building located?

The property is located at 619 Highway 77 Douglass, KS.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: High‑yield, value‑add opportunity with existing cash flow exceeding $10,700/month and pro‑forma income nearing $20,000/month.; Significant expansion potential to add 8‑11 more units with minimal structural changes.; Large 9.4‑acre lot with frontage on Hwy 77 suitable for storage units and additional acreage on Elm Street for future residential development.

619 Highway 77, Douglass, KS 67039

MULTI_FAMILY - Douglass, KS

Property Features for 619 Highway 77

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

COMMERCIAL - Douglass, KS

Land for Custom Home Build

Residential Lot in New Subdivision

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