Multifamily Portfolio with
619 Highway 77 Douglass, KS 67039
For Sale
$850,000
MULTI_FAMILY - Douglass, KS
Property Size20,147 SF
Lot Size0.00 Acres
Price / SF$42.19
Days on Market95
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
0.00 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
Listing Agency:
Nikkel and Associates
(316) 425-1880
Listed By:
Marti Vo · License #BR00054935
(316) 807-6935
Added: Apr 26
Changed: Jul 29
Last Checked: Jul 29 at 5:06PM
MLS# 671909
Copyright © 2026 South Central Kansas MLS. 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 11-door rental portfolio is housed in a multi-wing building originally designed as a nursing home and offers 11 remodeled apartments plus a fully leased 2,000-square-foot restaurant. All existing units have been updated within the last two years and the property is currently 100% occupied. The layout supports additional growth, with the ability to add 8–11 more units with minimal structural changes, including finishing the second hall and adding additional 1- and 2-bedroom units.
The property sits on 9.4 acres and includes northern frontage along Highway 77. The remarks indicate storage demand in the area and that the frontage could support future storage uses. The west side borders a city-built pond and walking trail, and additional acreage along Elm Street is described as supporting future residential development.
Current income is stated as exceeding $10,700 per month, with pro-forma income nearing $20,000 per month once renovations are complete. The City of Douglass is described as offering tax abatements (up to 95% on improvements) and potential grant funding for residential expansion, and the seller is willing to assist with city engagement and share a full development vision.
The property sits on 9.4 acres and includes northern frontage along Highway 77. The remarks indicate storage demand in the area and that the frontage could support future storage uses. The west side borders a city-built pond and walking trail, and additional acreage along Elm Street is described as supporting future residential development.
Current income is stated as exceeding $10,700 per month, with pro-forma income nearing $20,000 per month once renovations are complete. The City of Douglass is described as offering tax abatements (up to 95% on improvements) and potential grant funding for residential expansion, and the seller is willing to assist with city engagement and share a full development vision.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio with fully leased restaurant and 11 remodeled, 100% occupied apartments, plus expansion options 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 $850,000.
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.
