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2822-2824 University Drive, Lawrence, KS 66049

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For Sale

$525,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 41-50 Years Old
    Age

Explore this Property

Prime Duplex Investment in Coveted University Drive Neighborhood! Seize this rare opportunity to own a well-maintained duplex in one of Lawrence s most desirable areas just blocks from the University of Kansas campus, Lied Center, and popular West Campus dining, shopping, and recreation. 2822-2824 University Drive sits on a tree-lined street surrounded by mature landscaping, strong property values, and excellent long-term tenant demand. This duplex is a solid income-producing property with future upside potential in both rental income and long-term property value. Current rents are below market, offering room for future increases. Each side is separately addressed and metered, with longstanding tenants in place. 2822 is leased at $1,377/month, increasing to $1,405/month through 7/31/2026. 2824 is leased at $1,625/month through 7/31/2026. Total Annual Rent: $36,360. Interior photos are not available in this listing to respect tenant privacy, but recent photos for each unit can be viewed by searching the unit addresses separately on Zillow. This property is perfect for investors looking for stability now and strong appreciation potential in the future. Whether you re adding to your portfolio or entering the market in Lawrence, this duplex offers location, value, and room to grow. Buyers looking to owner occupy half of the duplex would need to wait until the current leases end after 7/31/2026 or make a lease buyout offer to the existing tenant(s). At this time, tenants in both sides want to stay for the duration of their lease.
MLS# 163613

Courtesy Of Realty Executives - Hedges Real Estate, Inc

(785) 841-2400

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Brick Veneer

Map and Directions

Directions to 2822-2824 University Drive, Lawrence, KS 66049

Home seller CENTURY 21 Pool Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Pool Realty, Inc.

(913) 755-6565
Learn More About Us

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Copyright © 2025 Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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. 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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