$8,900,000

Estimated payment $52,810/month

Total Views 16,588
256 Beds
-- Bath
107,200 Sq Ft
$83 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • No HOA

About This Home

Welcome to Meadowlark Apartments—an exceptional investment opportunity featuring 32 buildings with 128-units (including an on-site office & shop). The community offers a balanced mix of 64 townhomes and 64 flats. The townhomes feature 2 bedrooms, 1 bathroom, and 950 sq. ft., currently renting for $900. The flats also offer 2 bedrooms and 1 bathroom with 850 sq. ft., renting for $800. Significant improvements have been made throughout the property, including new roofs installed in 2021, SCKEDD weatherization completed in 2023, and central heat & air systems—45% of which have been replaced since 2021. All buildings are separately deeded and metered and offer in-unit washer and dryer hookups. Additionally, 91% of the units have been fully remodeled with updates such as fresh paint, new flooring, upgraded tile, countertops, appliances, and more. See Offering Memorandum for additional financials and information.

Listing Agent

Jenny Grandfield

Real Broker, LLC License #00251428 Listed on: 01/20/2026

Co-Listing Agent

Chris Greene

Real Broker, LLC License #00236722

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $54,613

Year Built

  • Built in 1949

Parking

  • 128 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 256 Bedrooms
  • 107,200 Sq Ft Home
  • Wood Flooring

Schools

  • Linwood Elementary School
  • East High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water/sewer
  • Assessor Parcel Number 20173-128-34-0-12-01-002.00

Community Details

Overview

  • No Home Owners Association
  • 128 Units
  • Purcells Addition Subdivision

Building Details

  • Gross Income $1,006,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$54,613

Year Built

Built in 1949

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1949
  • Property Sub-Type: Multi Family
  • Co List Office Mls Id: SCK2602
  • Co List Office Phone: 855-450-0442
  • Co List Office Phone: 855-450-0442
  • Ownership: Corporate
  • MLS Status: Active
  • Subdivision Name: PURCELLS ADDITION
  • Architectural Style: Side by Side
  • FloodInsurance: Unknown
  • TransactionType: For Sale
  • MarketingRemarks: Welcome to Meadowlark Apartments—an exceptional investment opportunity featuring 32 buildings with 128-units (including an on-site office). The community offers a balanced mix of 64 townhomes and 64 flats. The townhomes feature 2 bedrooms, 1 bathroom, and 950 sq. ft., currently renting for $900. The flats also offer 2 bedrooms and 1 bathroom with 850 sq. ft., renting for $800. Significant improvements have been made throughout the property, including new roofs installed in 2021, SCKEDD weatherization completed in 2023, and central heat & air systems—45% of which have been replaced since 2021. All buildings are separately deeded and metered and offer in-unit washer and dryer hookups. Additionally, 91% of the units have been fully remodeled with updates such as fresh paint, new flooring, upgraded tile, countertops, appliances, and more. See Offering Memorandum for additional financials and information.
  • BasementUse: Owner Storage
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Unfinished
  • Total Bedrooms: 256
  • Flooring: Wood

Exterior Features

  • Roof: Composition
  • Construction Type: Frame

Garage/Parking

  • Parking Features: 1 per Unit
  • Total Parking Spaces: 128

Utilities

  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Linwood
  • High School: East
  • Junior High Dist: Wichita School District (USD 259)
  • Middle Or Junior School: Mead

Lot Info

  • Parcel Number: 20173-128-34-0-12-01-002.00

Rental Info

  • Owner Pays: Trash Collection, Water/Sewer

Multi Family

  • Gross Income: 1006742.52
  • Number Of Units Total: 128
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 54613.44

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,485 $16,627 $1,829 $14,798
2023 $1,485 $12,352 $1,829 $10,523
2022 $1,210 $11,314 $1,829 $9,485
2021 $1,206 $10,776 $1,829 $8,947
2020 $1,210 $10,776 $1,829 $8,947
2019 $1,333 $11,811 $1,829 $9,982
2018 $1,338 $11,811 $1,829 $9,982
2017 $1,263 $0 $0 $0
2016 $1,262 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2026 01/20/26 For Sale $8,900,000 +4985.7% $83 / Sq Ft
05/05/2021 05/05/21 Sold -- -- -- View Prior Sale
01/18/2021 01/18/21 Pending -- -- --
09/09/2020 09/09/20 For Sale $175,000 -- $52 / Sq Ft
Source: South Central Kansas MLS

Source: South Central Kansas MLS

MLS Number: 667256

South Central Kansas MLS

APN: 128-34-0-11-03-002.00

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