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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1220 Broadway St Newton, KS 67114-3065
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0119141
Property summary
AI-generated overview
This stabilized 16-unit apartment building in Newton, Kansas, presents a compelling investment opportunity. Priced at $1,050,000, it boasts a current NOI of $84,000 and an 8% cap rate, with a pro-forma NOI of $94,067 and a pro-forma cap rate of 8.96%. The property, built in 1974, is a two-story structure situated on a 33,858 sq ft lot at 1220 E Broadway St, Newton, KS 67114. Currently 100% occupied, the building features 16 units, each recently upgraded with new flooring, electrical, plumbing, and appliances. Significant recent improvements include the installation of 15 new air handlers (2021-2022) and 5 new compressor units (since 2020). The roof and windows were also replaced approximately 10 years ago. This well-maintained property offers a strong cash flow and significant upside potential for the savvy investor. The price per unit is $65,625. This is a turnkey investment ready for immediate income generation.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1947
Total area
1,741 SF
Lot
0.78 ac (33,977 SF)
Zoning code
P-O
APN
095-16-0-10-25-006.00-0
UPID
US33-0119141
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JGS RENTALS LLC
JGS RENTALS LLC
Zoning & alternative use
P-O · Newton, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,478
Tax year 2022
Assessed value
$46,970
Assessed 2023
Previous assessed
$46,970
+0.0% YoY
Effective rate
18.05%
On assessed value
Assessed land
$1,571
Assessed improvement
$45,399
Land market value
$13,660
Improvement market value
$394,770
Total market value
$408,430
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1947
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
6
Bathrooms
2
Total area
1,741 SF
Lot
0.78 ac (33,977 SF)
Zoning code
P-O
APN
095-16-0-10-25-006.00-0
UPID
US33-0119141
Jurisdiction
HARVEY
Zoning & alternative use
P-O · Newton, KS
Zoning P-O · permitted uses
P-O · Newton, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
6
Bathrooms
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
JGS RENTALS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
712 N QUAIL CT, NEWTON, KS 67114-5649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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