$525,000

2822 University Dr Lawrence, KS 66049

Sunset Hills Neighborhood

Estimated payment $3,401/month

Total Views 1,271
6 Beds
4 Baths
3,080 Sq Ft
$170 Price per Sq Ft

About This Home

Prime Duplex Investment in Coveted University Drive Neighborhood! Seize this rare opportunity to own a well-maintained duplex in one of Lawrence’s most desirable areas—just blocks from the University of Kansas campus, Lied Center, and popular West Campus dining, shopping, and recreation. 2822-2824 University Drive sits on a tree-lined street surrounded by mature landscaping, strong property values, and excellent long-term tenant demand. This duplex is a solid income-producing property with future upside potential in both rental income and long-term property value. Current rents are below market, offering room for future increases. Each side is separately addressed and metered, with longstanding tenants in place. 2822 is leased at $1,377/month, increasing to $1,405/month through 7/31/2026. 2824 is leased at $1,625/month through 7/31/2026. Total Annual Rent: $36,360. Interior photos are not available in this listing to respect tenant privacy, but recent photos for each unit can be viewed by searching the unit addresses separately on Zillow. This property is perfect for investors looking for stability now and strong appreciation potential in the future. Whether you’re adding to your portfolio or entering the market in Lawrence, this duplex offers location, value, and room to grow. Buyers looking to owner occupy half of the duplex would need to wait until the current leases end after 7/31/2026 or make a lease buyout offer to the existing tenant(s). At this time, tenants in both sides want to stay for the duration of their lease.

Last Listed By

Bryan Hedges

HEDGES REALTY EXECUTIVES Listed on: 06/03/2025

HEDGES REALTY EXECUTIVES

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,443

Year Built

1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Prop. Type: Residential Income
  • Co List Office Mls Id: LBR11
  • Subdivision Name: Meadowbrook
  • Unit Levels: One
  • Year: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total SqFt: 3080
  • Basement: Full, Partially Finished, Walk-Out Access
  • Total Bedrooms: 6
  • PricePerSquareFoot: 170.45

Exterior Features

  • Roof: 3D Composition
  • Construction Type: Brick Veneer, Frame

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Multi Family

  • Gross Income: 36360
  • Number Of Units Total: 2

Range of Values:

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Average Value
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List Price
Sold Price
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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
2024 $5,443 $43,769 $7,475 $36,294
2023 $5,014 $38,974 $7,475 $31,499
2022 $4,417 $34,162 $6,900 $27,262
2021 $3,897 $29,198 $5,031 $24,167
2020 $3,729 $28,094 $5,031 $23,063
2019 $3,643 $27,483 $4,598 $22,885
2018 $3,580 $26,818 $4,598 $22,220
2017 $3,348 $24,817 $4,598 $20,219
2016 $3,113 $24,116 $4,598 $19,518
2015 -- $24,369 $4,598 $19,771
2014 -- $23,575 $4,598 $18,977
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $525,000 -- $170 / Sq Ft
Source: Lawrence Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Capital Title Ins Company Lc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $210,175 VA
Closed $226,800 VA
Closed $205,000 VA
Source: Public Records

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See All Homes in Lawrence

Source: Lawrence Board of REALTORS®

MLS Number: 163613

Lawrence Board of REALTORS®

APN: 023-067-35-0-40-13-011.00-0

Kansas Douglas County Lawrence 66049 Sunset Hills

2822 University Dr, Lawrence, KS

This home is located at 2822 University Dr, Lawrence, KS 66049 and is currently priced at $525,000, approximately $170 per square foot. This property was built in 1980. 2822 University Dr is a home located in Douglas County with nearby schools including Hillcrest Elementary School, West Middle School, and Lawrence Free State High School.

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Lawrence Board of REALTORS® The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS®, Copyright 2025. Lawrence Multiple Listing Service, Inc., and Ten-X do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.

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Bryan Hedges
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Bryan Hedges
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HEDGES REALTY EXECUTIVES
(785) 453-8285