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2822-2824 University Drive
Lawrence KS 66049 US

$519,900

Active Listing ID 165099
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6 bed
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4.00 Bath (4 Full)
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Other

$519,900

Active Listing ID 165099
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2822-2824 University Drive Prime Duplex Investment Opportunity in the Highly Desirable University Drive Area Take advantage of this exceptional opportunity to own a well-cared-for duplex in one of Lawrence's most sought-after locations. Situated just a few blocks from the University of Kansas campus, the Lied Center, and the vibrant West Campus corridor of restaurants, shopping, and recreation, 2822-2824 University Drive offers a combination of strong rental demand and long-term investment potential. Located on a quiet, tree-lined street surrounded by mature landscaping and established homes, this property sits in a neighborhood known for its stability and enduring appeal among both renters and homeowners. This duplex is already producing solid income with reliable tenants in place, while also offering potential upside as rents gradually adjust toward current market levels. Each side of the property has its own address and is separately metered. Current Lease Information - 2822 University Drive: Currently leased at $1, 377 per month, increasing to $1, 405 per month through July 31, 2026. - 2824 University Drive: Currently leased at $1, 625 per month through July 31, 2026. Total Annual Rent: $36, 360. To respect tenant privacy, interior photos are not included in this listing. However, recent photos of each unit may be viewed by searching the individual unit addresses online. This property is an excellent option for investors seeking stable cash flow today with the potential for future appreciation in a prime Lawrence location. Whether you are expanding an investment portfolio or entering the Lawrence market, opportunities like this in the University Drive area are increasingly rare. Buyers interested in owner-occupying one side should note that current leases extend through July 31, 2026. Occupancy would require waiting until lease expiration or negotiating a lease buyout with the current tenant(s). At this time, both tenants have indicated their preference to remain.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Roof Type: Composition
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 519900
  • unparsedaddress: 2822-2824 University Drive
  • postalcity: Lawrence
  • stateorprovince: KS
  • country: US
  • postalcode: 66049
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 3080
  • livingareaunits: Square Feet
  • latitude: 38.958935
  • longitude: -95.269646
  • listagentfullname: BRYAN HEDGES
  • listagentemail: bryan@hedgesre.com
  • listagentkey: 3yd-LBORKS-141
  • listagentmlsid: 141
  • listagentpreferredphone: 7857669383
  • listagentofficephone: 7857669383
  • listofficekey: 3yd-LBORKS-11
  • listofficemlsid: 11
  • disclaimer: Copyright © 2026 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.
  • sourcesystemid: LBORKS
  • yearbuilt: 1980
  • listingcontractdate: 2026-03-06
  • listagenturl: http://www.HedgesRealtyExecutives.com
  • countyorparish: Douglas
  • constructionmaterials: Frame, Brick Veneer
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: Realty Executives International
  • rooms: Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 1
  • basement: Full, Partially Finished, Walk-Out Access
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -95.269646, 38.958935
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty Executives - Hedges Real Estate, Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"bryan@hedgesre.com", "ListBrokerageCity":"Lawrence", "ListBrokerageCountry":"US", "ListBrokerageEmail":"hedgesrealestate@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/LBORKS/c1f62ed178f611e1943112313904e194/20120424160553452.png", "ListBrokerageName":"Realty Executives - Hedges Real Estate, Inc", "ListBrokeragePhone":"(785) 841-2400", "ListBrokeragePostalCode":"66044", "ListBrokerageStateOrProvince":"KS", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1037 Vermont", "ListBrokerageWebsiteUrl":"http://www.HedgesRealtyExecutives.com", "ListOfficeAddress1":"1037 Vermont St. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"11", "ListOfficeCity":"Lawrence", "ListOfficeCountry":"USA", "ListOfficeEmail":"office@hedgesre.com", "ListOfficePostalCode":"66044", "ListOfficeStateOrProvince":"KS", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Lawrence, KS", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2822-2824-University-Dr_Lawrence_KS_66049_M96572-83373?f=listhub&s=LBORKS&m=165099&c=rexren", "MLSModificationTimestamp":"2026-03-10 19:01:19", "Neighborhoods":[{"Description":null, "Name":"Meadowbrook"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"Lot Fourteen (14), Block Three (3), Meadowbrook, an addition to the City of Lawrence, Kansas, as shown by the recorded plat thereof, in Douglas County, Kansas.", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2026 7:16:26 PM GMT
Source Updated Date: 3/12/2026 6:54:24 PM GMT

Courtesy of: BRYAN HEDGES, HEDGES REALTY EXECUTIVES, bryan@hedgesre.com

Copyright © 2026 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.