2901 University Drive Lawrence, KS ^$ 725,000

2901 University Drive

^$ 725,000

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2901 University Drive

Lawrence, KS, 66049

^$ 725,000

Studio Baths0.0

Monthly Estimate*

^$ 4,523

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Studio Multi-Family Home for sale in Lawrence, KS for $725,000. This home was built in 1984 on a lot size of 0.362971.

Rare Investor opportunity! Six spacious apartments with ten bedrooms and six full bathrooms in total. Two one bedrooms with deck. Two one bedrooms with a loft space and patio. Two three bedroom apartments with separate patios. Vacant 3 bedroom offers opportunity for owner occupancy/ quick leasing. When fully leased building provides $5,250/ month in rent. Each apartment has their own designated garage stall and washer and dryer in each unit. General interior and exterior maintenance has been provided throughout ownership. Larger repair items including servicing and replacing HVAC units and water heaters as needed, newer 3d comp shingle roof, and exterior paint. Prime location adjacent to Meadowbrook apartments, close to KU campus and the new central station bus hub.

Multi-Family Contingent

Price

^$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 8,299

Style

Lot Size

0.362971

Year Built

1984

Town/City

Lawrence

County/Region

DOUGLAS - KS

MLS | Web ID

2588414

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Electric

Utilities Ind Water Heaters Separate Meters

Possession Subject To Tenant Rights

Roof Composition Other

Zoning R4

HOA Fee 0

Construction Materials Wood Siding

Year Built 1984

Property Subtype Apartment

Assoc Fee Paid Per None

County Douglas KS

Property Type Residential Income

HOA N

Subdivision Name Other

Garage Y/N Y

Status Show For Backups

Directions turn onto Iowa Street and turn onto Bob Billings take Crestline to 2901 University Drive.

City Lawrence

High School District Lawrence

Number Of Units Total 6

MLS Area 450 - Douglas County KS

Lot Size Units Square Feet

Lot Size Square Feet 15811

Listing Terms Cash Conventional

Public Remarks Rare Investor opportunity! Six spacious apartments with ten bedrooms and six full bathrooms in total. Two one bedrooms with deck. Two one bedrooms with a loft space and patio. Two three bedroom apart

Standard Status Active Under Contract

In Flood Plain No

HMS_MaintenanceProvidedYN N

Exterior

Parking Features Assigned Attached Garage Paved

Water Source Public

Total Parking 6

Lot Size Area 15811

Interior

Total Stories 3

Basement (Y/N) Y

Air Conditioning Y/N Y

Laundry Features Inside

Unit Type 1 Bedroom 3 Bedroom

* Excluded Features

List By

Mcgrew Real Estate Inc

Broker

Affordability Calculator

$5,215

Per Month

Monthly Principal & Interest: $4,523
Monthly Property Taxes: $692
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

About Lawrence, KS

95,817 Population

20% Since 2002

^$51,208 Median Income

30.18 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1841325 Elementary School

1841383 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/19/2025	$725,000		Listed Price

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2901 University Drive, Lawrence, KS, 66049 is a Multi-Family Home for sale at $725,000 with a lot size of 0.362971. 2901 University Drive is a studio with 0.0 baths and was built in 1984. The property's zip code is 66049 which is in Lawrence, KS

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/23/2025.

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