Under $500K Investment Properties for Sale in Wallace, KS
107- 4 Bed
- 2 Bath
- 2400 sft
132- 4 Bed
- 2 Bath
- 1296 sft
111- 3 Bed
- 1 Bath
- 862 sft
127- 4 Bed
- 3 Bath
- 2085 sft
235- 2 Bed
- 1 Bath
- 2405 sft
136- 1 Bed
- 1 Bath
- 432 sft
-- 3 Bed
- 2 Bath
- 1320 sft
128- 3 Bed
- 1 Bath
- 960 sft
101- 4 Bed
- 2 Bath
- 1920 sft
97- 4 Bed
- 1 Bath
- 2208 sft
-- 3 Bed
- 1 Bath
- 1140 sft
-- 3 Bed
- 2 Bath
- 2029 sft
92- - Bed
- - Bath
- 1296 sft
93- 3 Bed
- 2 Bath
- 1348 sft
295- 4 Bed
- 1 Bath
- 1817 sft
235- 4 Bed
- 3 Bath
- 1974 sft
313- 3 Bed
- 1 Bath
- 960 sft
105- 3 Bed
- 2 Bath
- 1348 sft
120- 3 Bed
- 2 Bath
- 1365 sft
129- 3 Bed
- 2 Bath
- 1841 sft
-- 3 Bed
- 1 Bath
- 890 sft
136- 3 Bed
- 1 Bath
- 988 sft
98- 4 Bed
- 5 Bath
- 3644 sft
123- 3 Bed
- 2 Bath
- 1680 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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