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11 N Walnut St 12 Unit Apartment Building $680,000 ($56,667/Unit) Iola, KS 66749
INVESTMENT HIGHLIGHTS
- Iola, KS
- Property is subject to a tax rebate for the next 10 years
- Walking distance from historical town square
EXECUTIVE SUMMARY
This newly remodeled 12-unit apartment building presents an excellent investment opportunity in Iola, Kansas. Conveniently located with easy access to local employers, schools, and amenities, the property offers stable rental demand and strong long-term potential.
The building features twelve efficiently designed units that provide comfortable living space for tenants. The property has been updated from top to bottom and offers reliable income with opportunity for value-add improvements through rent optimization. This property is also subject to a tax rebate for the next ten years.
Additional highlights include ample parking, a manageable footprint for hands-on or passive investors, and a location well-suited for long-term tenancy. With Iola’s steady rental market, junior college, and small-town appeal, this property is ideal for investors seeking dependable cash flow in a growing regional market.
Whether you are a seasoned investor or looking to expand your portfolio, this 12-unit apartment complex offers a solid foundation with upside potential.
For additional financial details, rent roll information, or to schedule a private showing, contact Ben Jacks with Midwest Land Group at 580.304.9109 or bjacks@midwestlandgroup.com.
The building features twelve efficiently designed units that provide comfortable living space for tenants. The property has been updated from top to bottom and offers reliable income with opportunity for value-add improvements through rent optimization. This property is also subject to a tax rebate for the next ten years.
Additional highlights include ample parking, a manageable footprint for hands-on or passive investors, and a location well-suited for long-term tenancy. With Iola’s steady rental market, junior college, and small-town appeal, this property is ideal for investors seeking dependable cash flow in a growing regional market.
Whether you are a seasoned investor or looking to expand your portfolio, this 12-unit apartment complex offers a solid foundation with upside potential.
For additional financial details, rent roll information, or to schedule a private showing, contact Ben Jacks with Midwest Land Group at 580.304.9109 or bjacks@midwestlandgroup.com.
PROPERTY FACTS
| Price | $680,000 | Building Class | B |
| Price Per Unit | $56,667 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 11,661 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1939/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise |
| Price | $680,000 |
| Price Per Unit | $56,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,661 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1939/2025 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $875.00 | 1 |
| 1+1 | 1 | $675.00 | 1 |
| Studios | 8 | $650.00 | 1 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 077-26-0-30-53-002.00-0 | Improvements Assessment | $28,316 |
| Land Assessment | $711 | Total Assessment | $29,027 |
PROPERTY TAXES
Parcel Number
077-26-0-30-53-002.00-0
Land Assessment
$711
Improvements Assessment
$28,316
Total Assessment
$29,027
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11 N Walnut St
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