404-406 Arkansas Street, Lawrence, KS 66044
Other · Douglas County
Key Facts
Description
Investor Alert! Turnkey Duplex with Strong Rental Income in a Prime Lawrence Location. Here's an opportunity to acquire a quality investment property that checks all the boxes: location, condition, and reliable cash flow. 404-406 Arkansas Street is a well-maintained duplex located in the Pinkney Neighborhood, offering convenient access to LMH Health, Downtown Lawrence, the University of Kansas, and quick connections to I-70 for commuters. This location continues to attract strong tenant demand from a variety of renter profiles. The current owner has built a reputation for thoughtfully renovating properties to a higher standard than the typical rental unit. Through strategic updates and improvements, this duplex has been positioned to attract quality tenants while achieving above-average rental rates. Each unit features 2 bedrooms and 1 bathroom. With new leases scheduled to commence at the end of July, the property will generate $2,590 per month in gross rental income through July 28, 2027, providing investors with immediate and predictable cash flow. Whether you're looking to expand an existing portfolio or acquire a turnkey investment in one of Kansas' most stable rental markets, this property deserves serious consideration. This property is professionally managed by Foxtail Real Estate Co., one of Lawrence's leading property management firms. For investors seeking a truly turnkey acquisition, Foxtail is prepared to continue management services after closing, providing a seamless transition of ownership and day-to-day operations. Buyers will benefit from established systems, tenant relations, and local market expertise from day one. Alternatively, the new owner retains the flexibility to self-manage or select the property management company of their choice. Rent rolls and financial information are available upon request. Interior Photos were taken before the units were occupied. Photos provided may be from the neighboring duplex unit.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1976
Stories
1
Living Area
1,824 sq ft
Lot Size
0.14 acres
Zoning
R-2
Days on Market
3
MLS® Listing#
2625001
Property Features
Cooling
Heating
Parking
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Hillcrest
- Middle:
- Central
Financial Details
HOA
None
Annual Taxes
$3,376
Parcel Number
023-067-25-0-40-09-003.00-0
Directions
From 6th St, head North on Main St to 4th St. West on 4th St to Arkansas St. South on Arkansas st. to property.
Affordability Calculator
$69,980
Estimated monthly payment
$1,862/mo
Principal $279,920 · Est. interest $390,513 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lawrence, KS
- $400,000
- Median Listing Price
- 36
- Median Days on Market
- 1,880
- Median Sq Ft
- $205
- Median Price / Sq Ft
- 96
- Active Listings
- This home’s price is 13% below the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lawrence, KS.
Location
Points of Interest in Lawrence, KS
Showing the Lawrence area map.
Nearby Schools
Pinckney Elementary School
Elementary · 0.3 mi away
Lawrence Public Schools Usd 497
School · 0.3 mi away
Lawrence Community Nursery School
Elementary · 0.4 mi away
Lawrence Public Schools
School · 0.5 mi away
Century School
Secondary · 0.8 mi away
Hillcrest Elementary School
Elementary · 0.9 mi away
Wellspring School of Allied Health
School · 1.1 mi away
Woodlawn Elementary School
Elementary · 1.2 mi away
St John Catholic School
Secondary · 1.2 mi away
New York Elementary School
Elementary · 1.2 mi away
Deerfield Elementary School
Elementary · 1.2 mi away
West Middle School
Secondary · 1.2 mi away
Sunset Hill Elementary School
Elementary · 1.3 mi away
Immel Early Education Academy
School · 1.4 mi away
Liberty Memorial Central Middle School
Secondary · 1.5 mi away
The Church of Jesus Christ of Latter Day Saints
School · 1.9 mi away
Cordley Elementary School
Elementary · 1.9 mi away
Lawrence High School
Secondary · 1.9 mi away
Lawrence Public Schools Usd 497
Secondary · 1.9 mi away
Schwegler Elementary School
Elementary · 2.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 923 Crestline Drive, Lawrence, KS | $245,000 | 3 | 1 | 1,137 |
| 2527 Morningside Drive, Lawrence, KS | $249,000 | 3 | 2 | 1,029 |
| 1915 Kentucky Street, Lawrence, KS | $249,000 | 2 | 1 | 986 |
| 516 N 7th Street, Lawrence, KS | $249,950 | 3 | 2 | 1,342 |
| 1825 Brook Street, Lawrence, KS | $250,000 | 3 | 2 | 1,025 |
| 3729 Brush Creek Drive, Lawrence, KS | $255,000 | 3 | 2 | 1,248 |
Moving Cost Estimate
EXIT Agents in Lawrence
Listing Courtesy: McGrew Real Estate Inc - 785-843-2055
Last Updated: 2026-06-08
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