$205,000

121-127 W 31st St N, Wichita, KS 67204

  • 2,048 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

This fully occupied, income-producing quadplex in northwest Wichita offers an exceptional opportunity for investors seeking strong, consistent returns and a well-maintained property in a desirable location. The building includes three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, each thoughtfully designed to provide a comfortable living space with a functional kitchen, inviting living room, and updated bathroom featuring a tub/shower combo. Every unit is equipped with a refrigerator and range/oven, adding convenience for tenants and simplifying management for the owner. The property has been well cared for, with solid rental history and dependable occupancy, making it an ideal turnkey investment. The three 1-bedroom units currently rent for $525 per month each, and the 2-bedroom unit rents for $600, resulting in a total gross monthly income of $2,175. Tenants appreciate the property’s convenient location near schools, shopping, dining, and major roadways, contributing to ongoing demand and tenant retention. With its combination of steady income, strong tenant appeal, and potential for future appreciation, this property represents a secure, income-generating asset in one of Wichita’s established residential areas. Whether you’re looking to expand your rental portfolio or acquire a stable investment with proven cash flow, this fully leased quadplex is a rare opportunity to step into ownership with immediate returns. Buyer should verify school assignments as they are subject to change. All information deemed reliable but not guaranteed.

Listing Status:
Active
Listing Office:
Reece Nichols South Central Kansas : 316-978-9777
Listing Agent:
Shane Phillips : 316-295-0696
MLS ID:
SCK663536
  • Appliances: DisposalRangeRefrigerator
  • Basement: None
  • A/C: Electric
  • Heating: Natural GasForced Air
  • Style: Side by Side
  • Parking: PavedOn StreetParking spaces: 4
  • Roofing: Other
  • General: BlockFrame
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: LOTS 1-2 BLOCK 21 JONES PARK ADD.099-32-0-44-03-002.00
  • Utilities: Natural Gas AvailableSewer Available
  • Source: sckansas
  • Ownership: Individual

This listing courtesy of Shane Phillips, Reece Nichols South Central Kansas

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Ortiz Elementary School

3361 N Arkansas Ave, Wichita, KS, 67204

Grades PK-5

0.46 miles away

P

Pleasant Valley Middle School

2220 W 29th St N, Wichita, KS, 67204

Grades 6-8

1.62 miles away

N

North High School

1437 N Rochester St, Wichita, KS, 67203

Grades 9-12

2.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.