115 E 5th Street, Ottawa, KS 66067

$300,000

bedrooms

bathrooms

square feet

Acreage

0.7161

Open Houses

year built

1950

Full Baths

Half Baths

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Exceptional Investment Opportunity! Nestled in the heart of the charming college town of Ottawa, Kansas, this property presents a unique investment opportunity with significant potential. Currently, it features two fully leased residential units, generating $2,350 in monthly income, along with two vacant commercial units that could provide additional income streams. Water heater has been replaced within the past month. The commercial spaces offer flexibility—rent them out as-is, or explore the potential of converting them into residential units with approval from the City of Ottawa. Additionally, a vacant lot is included, which could be separated for future development. The main level residential unit boasts a welcoming covered front porch and offers a spacious 3-bedroom (one non-conforming) layout with 1 bathroom. It also includes access to a full basement, ideal for storage or use as a storm shelter. The upper-floor unit provides a delightful view of the nearby park and features a 2-bedroom (one non-conforming), 1-bath layout, recently refreshed with fresh paint and new carpet throughout. This is a fantastic opportunity for investors looking to expand their portfolio in a growing and vibrant community. Don’t miss out on the potential this property has to offer!

Location
Subdivision	Ottawa
County	Franklin, KS
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 2541362

Listing agent: Peggy Reed #BR00045772

Listing broker: Crown Realty Of Kansas Inc (877) 276-9625

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Last update: Saturday, April 19 2025 at 9:29 p.m. EDT

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