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- Description
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No HOA
Street View
$6,000,000
Monthly Est:$29,864
-- Bed
2 Baths
--sqft
920 N 2nd Street, Leavenworth, KS 66048
$6,000,000
$29,864/moEst:
Get Pre-Approved
Apartment
Built in 1987
$-- HOA
3.33 acres lot
--/sqft
Description
Exceptional opportunity to acquire Riverfront Apartments, a 72-unit multifamily community located at 920 N 2nd Street in Leavenworth, Kansas. Located within an Opportunity Zone 2.0 area, this property offers investors a combination of established cash flow, significant completed capital improvements, and identifiable value-add potential.
The community consists of six buildings with 12 units each, featuring 36 one-bedroom, one-bathroom apartments and 36 two-bedroom, one-and-a-half-bathroom apartments. Currently operating at 91.7% occupancy, Riverfront Apartments offers an established income-producing investment with opportunities for continued growth.
Significant capital improvements have already been completed, including new decks, concrete sidewalks, parking area improvements, and renovations to five of the six building common areas. All 72 apartments have received some level of interior updating, reducing the scope of improvements needed for a future owner.
The value-add opportunity lies in completing remaining interior upgrades, bringing rents closer to market levels where supported, renovating the final building's common areas, and maximizing operating efficiencies. With much of the major exterior and common-area capital work already completed, investors have the opportunity to focus on increasing rental income and improving net operating income through a targeted renovation and leasing strategy.
Conveniently located near downtown Leavenworth, the property provides residents easy access to local employers, shopping, dining, and major transportation routes.
Riverfront Apartments presents a compelling opportunity to acquire a well-established multifamily community with substantial improvements already in place, strong existing occupancy, and additional upside through strategic asset management. Rent roll and trailing 12-month financials available upon request.
- Houzeo last checked: 1 minute ago
- Listing updated: November 10, 2026 at 9:49 pm
- Listing Provided by: Phillip Fetters (913) 708-4889 | Worth Clark Realty (800) 991-6092
- Source: Heartland MLS-KS as distributed by MLS GRID | MLS#: 2651116
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1987
HOA Fees
-
Finished Area
- sqft
Lot Size
3.33 acres lot
Basement Area
- sqft
MLS Name
Heartland MLS
MLS Number
2651116
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 2
Interior
Heating
Central Gas
Cooling
Electric
Sewer
Public Sewer
Construction
Year Built
Year Built: 1987
Home type
Apartment
Construction Materials
Frame
Roof
Composition
Utilities & Energy
Utilities
Other, Separate Meters
Water Source
Public
Parking Features
Off Street, Paved
Other Features
Subdivision Name
Other
Price History
| Date | Event | Price |
|---|---|---|
11/10/2026 Source: | Listed for Sale | $6,000,000 $0/sqft |
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