$735,000

534 N Richmond Ave, Wichita, KS 67203

  • 9,396 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $78/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Investment Offering – 534–544 N Richmond, Wichita, KS Rare opportunity to acquire a well-maintained multifamily package of three side-by-side duplexes arranged in a U-shape with convenient onsite parking and shared greenspace. This six-unit property generates a gross annual income of $71,700 with strong potential for continued rent growth through targeted updates. Each unit features: 2 bedrooms, 1 bath on the main level Finished basement with an additional non-conforming bedroom and living room New LVT flooring installed in basements, providing modern, durable finishes tenants love Recent capital improvements ensure low near-term maintenance: New roofs (installed within the last 2 months) 5 of 6 air conditioning units updated within the past 2 years With value-add opportunities still available through interior renovations and rent optimization, this property offers both stability and upside. Located in a prime central Wichita location, residents enjoy quick access to downtown, the river, local parks, popular restaurants, and major highways, making it highly attractive for tenants. This is a strong, income-producing asset with proven performance and room to grow—ideal for both seasoned investors and those expanding their Wichita portfolio.

Listing Status:
Active
Listing Office:
Reece Nichols South Central Kansas : 316-978-9777
Listing Agent:
Nela Bayouth : 316-393-5259
MLS ID:
SCK661902
  • Appliances: DishwasherDisposalRangeRefrigerator
  • Basement: Finished
  • A/C: Electric
  • Heating: Natural Gas
  • Style: Side by Side
  • Parking: 2 per UnitPavedOn StreetParking spaces: 12
  • Roofing: Composition
  • General: Other
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: LOT 20 BLOCK 14 J. O. DAVIDSON'S 2ND. ADD.136-24-0-11-08-004.00C
  • Utilities: Natural Gas AvailableSewer Available
  • Source: sckansas
  • Ownership: Individual

This listing courtesy of Nela Bayouth, 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

L

Lawrence Elementary School

3440 W Maple St, Wichita, KS, 67213

Grades PK-5

0.97 miles away

H

Hadley Middle School

1101 N Dougherty Ave, Wichita, KS, 67212

Grades 6-8

1.51 miles away

W

West High School

820 S Osage St, Wichita, KS, 67213

Grades 9-12

1.79 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.