USAKSLawrenceMeadowbrook2822-2824 University Dr

$519,900

For Sale

2 months ago

2822-2824 University Dr, Lawrence, KS

Name: 2822-2824 University Dr, For Sale in Lawrence - eXp Realty
Brand: HEDGES REALTY EXECUTIVES
SKU: 165099
Price: 519900 USD

MLS® 165099

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage No

Taxes

Days Active 46

Lot Size

Approx. Age 1980

MLS® Number 165099

Property Address: 2822-2824 University Dr, Lawrence, KS, 66049-2860

Average square foot calculated using Size range provided by listing agent.

Description

Prime Duplex Investment Opportunity in the Highly Desirable University Drive Area Take advantage of this exceptional opportunity to own a well-cared-for duplex in one of Lawrence’s most sought-after locations. Situated just a few blocks from the University of Kansas campus, the Lied Center, and the vibrant West Campus corridor of restaurants, shopping, and recreation, 2822–2824 University Drive offers a combination of strong rental demand and long-term investment potential. Located on a quiet, tree-lined street surrounded by mature landscaping and established homes, this property sits in a neighborhood known for its stability and enduring appeal among both renters and homeowners. This duplex is already producing solid income with reliable tenants in place, while also offering potential upside as rents gradually adjust toward current market levels. Each side of the property has its own address and is separately metered. Current Lease Information • 2822 University Drive: Currently leased at $1, 377 per month, increasing to $1, 405 per month through July 31, 2026. • 2824 University Drive: Currently leased at $1, 625 per month through July 31, 2026. Total Annual Rent: $36, 360. To respect tenant privacy, interior photos are not included in this listing. However, recent photos of each unit may be viewed by searching the individual unit addresses online. This property is an excellent option for investors seeking stable cash flow today with the potential for future appreciation in a prime Lawrence location. Whether you are expanding an investment portfolio or entering the Lawrence market, opportunities like this in the University Drive area are increasingly rare. Buyers interested in owner-occupying one side should note that current leases extend through July 31, 2026. Occupancy would require waiting until lease expiration or negotiating a lease buyout with the current tenant(s). At this time, both tenants have indicated their preference to remain.

MLS® Number165099

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1980

BasementFull, Partially Finished, Walk-Out Access

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 6, 2026List Date

$519,900List Price

Commute

Commute

Starting Address

Destination Address

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