Under $500K Investment Properties for Sale in Wallace, KS
-- 2 Bed
- 1 Bath
- 792 sft
112- 2 Bed
- 1 Bath
- 1139 sft
93- 2 Bed
- 3 Bath
- 1920 sft
98- 2 Bed
- 1 Bath
- 884 sft
87- 3 Bed
- 1 Bath
- 722 sft
92- 3 Bed
- 2 Bath
- 1320 sft
90- 2 Bed
- 1 Bath
- 640 sft
-- 3 Bed
- 1 Bath
- 1083 sft
383- 4 Bed
- - Bath
- - sft
101- 3 Bed
- 2 Bath
- 932 sft
104- 3 Bed
- 2 Bath
- 2344 sft
93- 3 Bed
- 1 Bath
- 994 sft
55- 3 Bed
- 1 Bath
- 1323 sft
295- 2 Bed
- 1 Bath
- 859 sft
- 1 Bed
- 1 Bath
- 600 sft
130- 2 Bed
- 1 Bath
- 1056 sft
96- 3 Bed
- 1 Bath
- 992 sft
-- 3 Bed
- 1 Bath
- 1056 sft
284- 2 Bed
- 2 Bath
- 1304 sft
138- 2 Bed
- 1 Bath
- 1033 sft
116- 3 Bed
- 1 Bath
- 1800 sft
115- 4 Bed
- 2 Bath
- 3008 sft
118- 3 Bed
- 2 Bath
- 1232 sft
-- 3 Bed
- 2 Bath
- 1076 sft
Why Invest in Wallace, Kansas?
Investing in Wallace, KS properties under $500k presents an excellent opportunity to benefit from modest appreciation and steady rental yields. Local real estate markets offer average ROI around 7%, fueled by a 5.5% cap rate and average rental yields near 6%. Cash flow is generally positive with average monthly rents near $900, supporting investors looking for long-term income in a stable small-town environment. Rental occupancy remains strong with over 75% renter-occupied units, making this filter attractive for entry-level residential investors.
Frequently Asked Questions
The average rental yield for properties under $500k in Wallace, KS is approximately 6%, reflecting steady demand and reasonable rents in the area.
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