Under $500K Investment Properties for Sale in Wallace, KS
96- 2 Bed
- 1 Bath
- 888 sft
92- 2 Bed
- 1 Bath
- 900 sft
117- 3 Bed
- 2 Bath
- 2324 sft
133- 4 Bed
- 2 Bath
- 1577 sft
106- 2 Bed
- 1 Bath
- 690 sft
113- 2 Bed
- 1 Bath
- 836 sft
325- - Bed
- 4 Bath
- 4488 sft
-- 2 Bed
- 1 Bath
- 1181 sft
99- 4 Bed
- 2 Bath
- 2291 sft
-- 3 Bed
- 1 Bath
- 1282 sft
101- 2 Bed
- 1 Bath
- 960 sft
109- 2 Bed
- 1 Bath
- 736 sft
98- 3 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 1539 sft
93- 3 Bed
- 1 Bath
- 1122 sft
325- 3 Bed
- 2 Bath
- 1541 sft
332- 4 Bed
- 1 Bath
- 1352 sft
113- 3 Bed
- 1 Bath
- 816 sft
- 2 Bed
- 1 Bath
- 1140 sft
107- 4 Bed
- 2 Bath
- 2400 sft
-- 4 Bed
- 2 Bath
- 1296 sft
127- 4 Bed
- 3 Bath
- 2085 sft
136- 1 Bed
- 1 Bath
- 432 sft
-- 3 Bed
- 2 Bath
- 1320 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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