This 1 bedroom, 1 bathroom single-family home located at 515 S Madison offers an affordable entry point for investors looking to add a cash-flowing property to their portfolio. The home is currently tenant-occupied at $525/month, providing immediate rental income from day one. Situated on a shared lot, this property will require a lot split, creating an excellent opportunity for buyers to add value through subdivision and future resale or redevelopment. With strong rental demand in the area and low operating costs, this property is well-suited for investors seeking steady income with upside potential. Whether you’re a seasoned investor or looking for your next rental, this property presents a unique chance to secure an income-producing home with room to grow.
For sale
$75,000
515 S Madison St, Junction City, KS 66441
1beds
432sqft
Single Family Residence
Built in 1952
4,356 Square Feet Lot
$-- Zestimate®
$174/sqft
$-- HOA
What's special
- 184 days |
- 104 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Patricia Stalder 785-762-3400,
Mathis Lueker Real Estate
Source: FHARMLS as distributed by MLS GRID,MLS#: 20260024
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Natural Gas
Cooling
- Central Air
Features
- Ceiling Fan(s)
- Basement: Slab
Interior area
- Total structure area: 432
- Total interior livable area: 432 sqft
- Finished area above ground: 432
Property
Features
- Exterior features: None
- Pool features: None
- Fencing: None
Lot
- Size: 4,356 Square Feet
Details
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Unknown
Condition
- Year built: 1952
Community & HOA
HOA
- Has HOA: No
Location
- Region: Junction City
Financial & listing details
- Price per square foot: $174/sqft
- Annual tax amount: $2,404
- Date on market: 1/5/2026
- Cumulative days on market: 294 days
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$795/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2026 | Listed for sale | $75,000$174/sqft |
Source: | ||
| 9/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/21/2023 | Listed for rent | $500$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 66441
Nearby schools
GreatSchools rating
- 6/10Sheridan Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Junction City Middle SchoolGrades: 6-8Distance: 2.5 mi
- 3/10Junction City Sr High SchoolGrades: 9-12Distance: 2.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Kansas
- Geary County
- Junction City
- 66441
- 515 S Madison St





