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400 E Sherman Ave, 
Hutchinson, KS 67501

$349,900


Bed


Bath


3,410

Sq Ft


Multi-Family

Active

Listed by

Lori Frank

Coldwell Banker Americana, Realtors

620-663-8391

Last updated:

June 3, 2026, 02:46 PM

MLS#

54397

Source:

KS HBOR

About This Home

400 E Sherman Ave

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.

Home Facts

Multi-Family

Built in 1900

Price Summary

349,900

$102 per Sq. Ft.

MLS #:

54397

Last Updated:

June 3, 2026, 02:46 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

3,410 Sq. Ft.


Structure

Structure

Architectural Style:

Two or More Stories

Building Area:

3,410 Sq. Ft.

Year Built:

1900


Finances & Disclosures

Finances

Price:

$349,900

Price per Sq. Ft:

$102 per Sq. Ft.

Source:KS HBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.