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6 Duplex Units at Indian Ridge, Clearwater KS 183 Indian Lakes Dr 6 Unit Apartment Building $625,000 ($104,167/Unit) Clearwater, KS 67026
Executive Summary
RARE OPPORTUNITY to acquire 5 individual duplex units being sold as a package in the highly desirable Clearwater, KS school district. Collectively, the price has been reduced to $625,000, or you can now purchase these individually for $129,900 for each duplex unit. Located within city limits near shopping, schools, and everyday amenities, this investment offers strong rental appeal in a sought-after community. Because of this, tenant turnover is likely to be very low.
Five of the six units are currently leased, providing immediate income, with rents as follows:
• 3 units at $1,295/month
• 2 units at $1,195/month
The only vacant units are 183 N. Indian Lakes Rd and 186 N. Tomahawk St.
Each unit is approximately 1,050 sq ft and features a well-designed, open-concept layout with 3 bedrooms and 2 full bathrooms.
Interior features include:
• Spacious open floor plans
• Kitchens with large islands, granite countertops, and stainless-steel appliances
• All kitchen appliances remain and transfer to new buyer, including refrigerator, range/oven, dishwasher, and microwave
• Primary suite with private full bath and generous closet space
• Two additional bedrooms with ample closet storage
• Second full bath with built-in linen/storage niches
• Washer/dryer hookups
• Slab construction (no basement) for low maintenance
Exterior features include:
• 1-car attached garage for each unit
• Additional driveway and street parking
• Units connected at garage walls for added privacy and sound buffering
• Covered front porches with attractive cedar posts
• Sod and sprinkler systems currently being installed
Each unit has its own legal description and has already been split. Also offered as individual units, priced at $129,900 each. These well-maintained, high-quality units in a prime location make an excellent addition to any investment portfolio. All information deemed reliable but not guaranteed. Buyers and agents should confirm all information pertinent to them.
Five of the six units are currently leased, providing immediate income, with rents as follows:
• 3 units at $1,295/month
• 2 units at $1,195/month
The only vacant units are 183 N. Indian Lakes Rd and 186 N. Tomahawk St.
Each unit is approximately 1,050 sq ft and features a well-designed, open-concept layout with 3 bedrooms and 2 full bathrooms.
Interior features include:
• Spacious open floor plans
• Kitchens with large islands, granite countertops, and stainless-steel appliances
• All kitchen appliances remain and transfer to new buyer, including refrigerator, range/oven, dishwasher, and microwave
• Primary suite with private full bath and generous closet space
• Two additional bedrooms with ample closet storage
• Second full bath with built-in linen/storage niches
• Washer/dryer hookups
• Slab construction (no basement) for low maintenance
Exterior features include:
• 1-car attached garage for each unit
• Additional driveway and street parking
• Units connected at garage walls for added privacy and sound buffering
• Covered front porches with attractive cedar posts
• Sod and sprinkler systems currently being installed
Each unit has its own legal description and has already been split. Also offered as individual units, priced at $129,900 each. These well-maintained, high-quality units in a prime location make an excellent addition to any investment portfolio. All information deemed reliable but not guaranteed. Buyers and agents should confirm all information pertinent to them.
Property Facts
| Price | $625,000 | Building Class | B |
| Price Per Unit | $104,167 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 6,300 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Single-Family Home | ||
| Zoning | R - Single Family Residential | ||
| Price | $625,000 |
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 2024 |
| Zoning | R - Single Family Residential |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $28,062 | |
| Land Assessment | $8,694 | Total Assessment | $36,756 |
Property Taxes
Parcel Numbers
Land Assessment
$8,694
Improvements Assessment
$28,062
Total Assessment
$36,756
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6 Duplex Units at Indian Ridge, Clearwater KS | 183 Indian Lakes Dr
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