# 400 E Sherman Ave, Hutchinson, KS 67501

> **TL;DR:** residential multi family, $349,900 ($103/sqft), built 1900, 3,410 sqft.
> A/C. Est. $1,516/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $349,900 |
| Price/sqft | $103 |
| Square Feet | 3,410 |
| Year Built | 1900 |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 14 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,516 |
| **Total** | **$1,516** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 2 stories

## Description

### 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.

## Location

- **Address:** 400 E Sherman Ave, Hutchinson, KS 67501
- **County:** Reno
- **Coordinates:** 38.05248, -97.924199
- **Google Maps:** https://www.google.com/maps?q=38.05248,-97.924199

## Listing Agent

- **Name:** LORI FRANK
- **Brokerage:** Coldwell Banker Americana, Realtors
- **Phone:** 6206642742
- **Email:** lorifrankrealtor@gmail.com

## Primary Photo

![400 E Sherman Ave - Primary Photo](http://lh.rdcpix.com/796debc81c655e059f785bf4bbd78637l-f3287105334r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/400-e-sherman-ave-hutchinson-ks-67501-ks54397)*

---

**MLS#:** 54397 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/400-e-sherman-ave-hutchinson-ks-67501-ks54397)

---

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