Listing provided courtesy of Berkshire Hathaway PenFed Realtyas Distributed by MLSGrid- MLS# 54350MLS Provider

1701 E 24th AveHutchinson, KS 67502

Multi-Family · 10 Beds · 7,192 Sq. ft.
$1,000,000 Active

1701 E 24th Ave Overview

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Excellent opportunity to acquire a fully leased 10-unit apartment complex in a premier location with close proximity to the Hutchinson medical corridor. This well-maintained property offers immediate cash flow with a strong, long-term rental history and consistent tenant demand. The property has been meticulously maintained, with numerous major improvements completed in recent years including new windows, siding, roof, and multiple mechanical system updates, helping minimize near-term capital expenditures for a new owner. Investors will appreciate the value-add potential, as cosmetic upgrades over time could support future rent increases and improved returns. A unique feature of the property is the six attached garage spaces with private exterior entrances, separate from the apartment units. These garages provide additional income through separate rental agreements, while tenants also contribute through a utility reimbursement structure, further supporting operational efficiency. With its prime location near major employers, stable occupancy, and additional revenue streams, this property presents a rare opportunity for both immediate income and long-term upside. Member of the selling entity is a licensed real estate broker in the State of Kansas.

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1701 E 24th Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,192
  • Price/Sq.ft. $139

Details

General

Association/HOA

  • Association Amenities: Gazebo,Underground Sprinkler-ALL,Porch,Guttering-ALL,Alley Access

School Information

  • Elementary School: Union Valley
  • Middle Or Junior School: Hutchinson
  • High School: Hutchinson

Building Information

  • Year Built: 1986

Location/Region

  • County Or Parish: Reno
  • MLS Area Major: Hutchinson NE

Rent/Lease Information

  • Rent Includes: Lawn Service,Snow Removal,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 12467.6
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 10
  • Bedrooms Total: 10

Building Interior

  • Above Grade Finished Area Source: CH
  • Below Grade Finished Area Source: CH

General Information

  • Appliances: Dishwasher,Disposal,Electric Oven,Refrigerator,Gas Water Heater
  • Basement: Crawl Space
  • Cooling: Electric
  • Electric: Available,Separate Meters
  • Heating: Natural Gas
  • Living Area: 7192

Exterior

Parking Information

  • Parking Features: Paved,Detached Garage,On Street,Off Street

Lot Information

  • Lot Size Dimensions: 160' x 145'
  • Water Source: Public,Meter-MASTER,Tenant-Paid,Other

Building Exterior/Construction

  • Architectural Style: Two or More Stories
  • Construction Materials: Brick,Frame,Wood Siding
  • Roof: Composition

General Information

  • Number Of Units Total: 10
  • Sewer: Public Sewer,Meter-MASTER

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 739

Unit 2 Details

  • Unit Type: Unit 2

1701 E 24th Ave Neighborhood

Community

67502 (HUTCHINSON) Demographics

46
Median Age
306
Population Density (per sq. mile)
41%
College Educated
$66,295
Estimated Median Income
7,638
Estimated Total Home Owners
2,499
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1701 E 24th Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1701 E 24th Ave Market Data

Based on the last 30 days in this zip code

$285,149
Average List Price
$120
Average Price per Square Foot
2
Properties Sold
65
Average Days on Market
91
Properties for Sale
Calculations provided by Reliance Network

1701 E 24th Ave History

Date Event Value Agent
3/20/2026Source: Mid-Kansas MLS Added to Database
March 20, 2026