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About This Home

This 0-bedroom, 0-bathroom residential multi family at 400 E Sherman Ave in Hutchinson, KS is listed for $349,900 ($103 per sqft). Built in 1900, the home offers 3,410 sqft of living space on a N/A lot.

Agent 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.

Key Features

  • Built in 1900
  • 2 stories

Property Details

2 stories
1900

Amenities

A/C

Monthly Cost Estimate

$1,871/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,516
Insurance$102

Estimates only. Actual payments may vary.

Location

400 E Sherman Ave

Hutchinson, KS 67501

Property Details

Construction

Frame

Parking

On Street

Heating

Natural Gas

Cooling

ElectricCeiling Fan(s)

Appliances

Electric OvenRefrigeratorSmoke/Heat/CoDetector

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 400 E Sherman Ave is listed at $349,900 ($103/sqft). The estimated monthly payment is $1,516 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 2 stories.

This property is listed by LORI FRANK and can be reached at 6206642742 or lorifrankrealtor@gmail.com.

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LF

LORI FRANK

Agent at Coldwell Banker Americana, Realtors

(620) 664-2742

Listed by Coldwell Banker Americana, Realtors

MLS# 54397· Source: listhub· Updated 14 days ago

Copyright © 2026 Mid-Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

400 E Sherman Ave, Hutchinson, KS 67501

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