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34523818

603 N. 5th Street, Leavenworth, KS 66048 For Sale

SF
MO 7698227, MO MO 2021043704
Realty ONE Group Encompass
Listed by Realty ONE Group Encompass
$250,000
4 days on market
Updated 4 days ago
Opportunity zone

603 N. 5th Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Storefront, Apartment Building
Square Footage 6,000
Units 6
Cap Rate 12.50%
NOI $31,200
Tenancy Vacant
Pro-Forma Cap Rate 12.50%
Pro-Forma NOI $31,200
Buildings 1
Stories 2
Investment Type Value Add

603 N. 5th Street, Leavenworth, KS 66048

Marketing description

603 N. 5th Street is a two-story, brick-and-stucco mixed-use building situated on a visible corner lot at the intersection of N. 5th Street and Ottawa Street in Leavenworth, Kansas — one block from the historic downtown corridor and within Leavenworth County's established Riverfront/downtown submarket. The building offers two ground-floor commercial storefronts beneath a full second story of four residential units, providing a diversified income stream across both commercial and residential tenancy.

The Property is offered at $250,000 and is being marketed as a value-add / lease-up opportunity: it is fully vacant, allowing an investor to reposition the building, place tenants at current market rents, and stabilize income without the burden or cost of removing existing tenancy.

Leavenworth, Kansas sits along the Missouri River approximately 30 miles northwest of downtown Kansas City, offering renters and businesses proximity to the Kansas City metro alongside a lower cost basis. The city's economy and rental demand are anchored by Fort Leavenworth (Army Combined Arms Center), the Federal Bureau of Prisons complex, University of Saint Mary, and a historic downtown corridor along Delaware Street that continues to draw retail and dining investment.

603 N. 5th Street sits one block west of this downtown corridor, giving both the commercial storefronts and residential units strong walkability to Leavenworth's civic, dining, and retail core while benefiting from lower corner-lot traffic exposure at 5th & Ottawa.

Investment highlights

  • Corner-lot visibility with dual street frontage on N. 5th Street and Ottawa Street
  • Diversified income mix — two ground-floor commercial spaces plus four residential units reduces reliance on any single tenant or use type
  • Flexible unit mix (1BR/1BA × 2, 2BR/1.5BA × 1, 3BR/1BA × 1) suited to a range of renter profiles
  • Located minutes from downtown Leavenworth, the Riverfront district, and Fort Leavenworth, supporting steady rental demand from military, university, and workforce populations
  • Low basis of $250,000 provides room for capital improvements while maintaining an attractive projected yield
  • Vacant condition allows a buyer to underwrite, renovate, and lease at current market rates without inheriting legacy leases

Listing Contacts

SF
MO 7698227, MO MO 2021043704
Realty ONE Group Encompass
Listed by Realty ONE Group Encompass

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$31,200.00
$2,600.00/mo

Valuation Metrics

0
DSCR
12.48%
Cap Rate
12.48%
ROI

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