Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#7057 +post_id: "53559" +post_author: 1 +"ListingKey": "PRA54397" +"ListingId": "54397" +"PropertyType": "Residential Income" +"PropertySubType": "5 Family or More" +"StandardStatus": "Active" +"ModificationTimestamp": "2026-03-31T14:42:22Z" +"RFModificationTimestamp": "2026-03-31T14:46:30Z" +"ListPrice": 349900.0 +"BathroomsTotalInteger": 0 +"BathroomsHalf": 0 +"BedroomsTotal": 0 +"LotSizeArea": 0 +"LivingArea": 3410.0 +"BuildingAreaTotal": 0 +"City": "Hutchinson" +"PostalCode": "67501" +"UnparsedAddress": "400 E Sherman Ave, Hutchinson, Kansas 67501" +"Coordinates": array:2 [ 0 => -97.924199 1 => 38.05248 ] +"Latitude": 38.05248 +"Longitude": -97.924199 +"YearBuilt": 1900 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "Coldwell Banker Americana, Realtors" +"ListAgentMlsId": "173" +"ListOfficeMlsId": "4" +"OriginatingSystemName": "MKMLS" +"PublicRemarks": "Turnkey 6-Unit Investment Opportunity – 10% Cap Rate – Hutchinson, KS. Exceptional opportunity to acquire a high-performing 6-unit multifamily property in the heart of Hutchinson. Located at 400 E. Sherman Ave, this asset delivers immediate cash flow with an attractive 10% cap rate, making it an ideal addition to any investor’s portfolio. The majority of units have been recently remodeled, offering updated interiors that appeal to today’s tenants while minimizing near-term maintenance costs. This positions the property for stable occupancy and continued rental demand. Situated on a desirable corner lot with convenient access to shopping, dining, and major roadways, the location supports consistent tenant retention and long-term growth. Investors will appreciate the strong in-place income along with additional upside through continued rent optimization. Whether you're scaling your portfolio or entering the multifamily space, this property checks the boxes for both cash flow and appreciation potential. 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Don’t miss your chance to secure a cash-flowing asset in a stable Midwest market." +"AboveGradeFinishedAreaSource": "CH" +"Appliances": "Electric Oven,Refrigerator,Smoke/Heat/CoDetector" +"ArchitecturalStyle": "Two or More Stories" +"AssociationAmenities": array:1 [ 0 => "Porch" ] +"Basement": array:2 [ 0 => "Partial" 1 => "Entrance-EXTERIOR" ] +"BelowGradeFinishedAreaSource": "CH" +"ConstructionMaterials": array:1 [ 0 => "Frame" ] +"Cooling": "Electric,Ceiling Fan(s)" +"CountyOrParish": "Reno" +"CreationDate": "2026-03-27T14:44:38.993381+00:00" +"DocumentsChangeTimestamp": "2026-03-28T06:32:22Z" +"Electric": array:1 [ 0 => "Separate Meters" ] +"ElementarySchoolDistrict": "Mc Candless" +"Heating": "Natural Gas" +"RFTransactionType": "For Sale" +"InternetAutomatedValuationDisplayYN": true +"InternetConsumerCommentYN": true +"InternetEntireListingDisplayYN": true +"ListAgentDirectPhone": "620-663-8391" +"ListAgentEmail": "lorifrankrealtor@gmail.com" +"ListAgentFirstName": "LORI" 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Overview
- 5 Family or More, Residential Income
- 1900
Description
Turnkey 6-Unit Investment Opportunity – 10% Cap Rate – Hutchinson, KS. Exceptional opportunity to acquire a high-performing 6-unit multifamily property in the heart of Hutchinson. Located at 400 E. Sherman Ave, this asset delivers immediate cash flow with an attractive 10% cap rate, making it an ideal addition to any investor’s portfolio. The majority of units have been recently remodeled, offering updated interiors that appeal to today’s tenants while minimizing near-term maintenance costs. This positions the property for stable occupancy and continued rental demand. Situated on a desirable corner lot with convenient access to shopping, dining, and major roadways, the location supports consistent tenant retention and long-term growth. Investors will appreciate the strong in-place income along with additional upside through continued rent optimization. Whether you’re scaling your portfolio or entering the multifamily space, this property checks the boxes for both cash flow and appreciation potential. Highlights: 10% Cap Rate 6 income-producing units Majority of units recently remodeled Strong, consistent rental demand Value-add potential through rent growth Centrally located with easy access to amenities Opportunities like this—offering both strong returns and improved condition—are increasingly hard to find. Don’t miss your chance to secure a cash-flowing asset in a stable Midwest market.
Address
Open on Google Maps-
Address: 400 E Sherman Ave
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City: Hutchinson
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Zip/Postal Code: 67501
Details
Updated on March 31, 2026 at 2:42 pm-
Property ID HZ54397
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Price $349,900
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Garage Size x x
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Year Built 1900
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Property Type 5 Family or More, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional
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Roof Composition
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Sewer Public Sewer, Meter-MASTER
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Cooling Electric, Ceiling Fan(s)
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Heating Natural Gas
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County Reno
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Property Type Residential Income
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Parking On Street
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Architectural Style Two or More Stories
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees