USAKSPittsburgOther509 E Jefferson Street

New

$5,565,000

For Sale

6 days ago

509 E Jefferson Street, Pittsburg, KS

Name: 509 E Jefferson Street, For Sale in Pittsburg - eXp Realty
Brand: Compass Realty Group
SKU: 2645245
Price: 5565000 USD

House

MLS® 2645245

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage Yes

Taxes $36,347

Days Active 5

Lot Size 220765 SF

Approx. Age 1910

MLS® Number 2645245

Property Address: 509 E Jefferson Street, Pittsburg, KS, 66762

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

Description

The subject offering is a 44-unit, 30-building portfolio located throughout Pittsburg, Kansas. The non-contiguous portfolio has 16 single-family rentals and 14 duplexes across 28 legal parcels. Pittsburg is home to Pittsburg State University, and its university-anchored economy supports consistent rental demand throughout the market. The portfolio is stabilized at 95% occupancy and has a history of high occupancy under its current owner-operator. It offers a range of one-, two- and three-bedroom floorplans in the central, northern, and southern parts of Pittsburg, giving prospective residents a variety of unit types and locations. Ownership began assembling the portfolio in 2016, when the first acquisitions and renovations were completed. Since then, ownership has continued to expand the holdings and has invested significant capital in improvements. The result is a turnkey offering that is approximately 97% renovated. Finish levels vary by unit and building; detailed property-level notes are provided on the following pages. Units feature central air or ductless mini-split cooling, fully equipped kitchens, laundry, off-street parking and functional floorplans. Depending on the property, upgrades include garages, quartz or granite countertops, new windows, new roofs, fresh interior paint, tankless water heaters, new cabinetry, new water and sewer lines, new flooring, new siding, new kitchens/bathrooms and updated electrical wiring. Every building is separately metered for gas and electric. The portfolio gives a new owner strategic flexibility. An investor may hold and operate the properties as currently configured, adding value through modest incremental improvements over time. Alternatively, an investor may sell individual buildings over time to potentially maximize overall returns.

MLS® Number2645245

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1910

Basement

DrivewayDetached, Garage, Off Street, On Street

Garage Spaces

HeatForced Air, Other

A/CElectric, Other

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 2, 2026List Date

$5,565,000List Price

Commute

Commute

Starting Address

Destination Address

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