3216 S Walnut St, Wichita, KS 67217

• 2,829 sqft

Property Description

Investment Opportunity! Here’s your chance to own a proven income-producing duplex in south Wichita! This property features two side-by-side units, each designed with 2 bedrooms and 1 full bathroom on the main floor, plus a non-conforming bedroom in the basement, creating additional living or storage space for tenants. The floor plans are functional and comfortable, making them appealing to long-term renters. The kitchens in both units are well-equipped, and all kitchen appliances will transfer with the property, adding value and convenience for the next owner. Each tenant provides their own washer and dryer, and because tenants pay for all utilities, your ongoing expenses remain minimal—an excellent setup for investors looking for consistent cash flow. Current leases are already in place: One side is leased for $1,132 per month through August 2025 to July 2026. The other side is leased for $1,162 per month with a term of January 2025 to December 2025. This brings in a combined gross annual income of $27,528, with reliable tenants already established. That stability provides peace of mind and immediate returns for a new owner. The property is located in a convenient south Wichita neighborhood, with easy access to major roads, shopping, schools, and employment opportunities, helping ensure strong rental demand. Whether you’re a first-time investor or looking to add to your portfolio, this duplex offers a smart combination of affordability, cash flow, and long-term potential. Schedule a private showing today and secure this turnkey investment before it’s gone!

Listing Status:

Pending

Listing Office:

Berkshire Hathaway PenFed Realty : 316-636-2323

Listing Agent:

Nicole Good : 316-616-7827

MLS ID:

SCK661721

Interior

• Appliances: DishwasherDisposalRangeRefrigerator
• Basement: Partially Finished
• A/C: Electric
• Heating: Forced AirNatural Gas

Exterior

• Style: Side by Side
• Parking: 2 per UnitParking spaces: 4

Construction

• Roofing: Composition
• General: Brick Veneer

Location

• Originating MLS: sckansas
• School District: Wichita School District (USD 259)
• County: Sedgwick

Lot

• Zoning: LOT 29 SLEASE 2ND. ADD.087-213-08-0-22-02-004.00-A

Utilities

• Utilities: Natural Gas AvailableSewer Available

Financial

• Source: sckansas
• Ownership: Individual

This listing courtesy of Nicole Good, Berkshire Hathaway PenFed Realty