$240,000

542-544 S Paula Ave, Wichita, KS 67209

2,540 sqft

Duplex
Built in 1973
9,148sqft lot
—— car garage
$94/sqft
Listed 20 days ago

Property Description

This turnkey, income-producing duplex presents an exceptional investment opportunity offering both immediate cash flow and long-term stability in a desirable, tenant-friendly location. The property includes two well-maintained units—one featuring 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage currently rented for $1,075 per month, and the other offering 2 bedrooms, 1.5 bathrooms, and a 1-car attached garage renting for $900 per month—together generating a strong gross annual income of $23,700. Both units are separately metered, and tenants pay all utilities, providing investors with minimal overhead and simplified management. Each unit showcases matching finishes and thoughtful layouts designed for comfort and practicality, with spacious living areas, functional kitchens, and ample natural light. Additional amenities include large private patios, privacy-fenced yards, and generous onsite parking complemented by convenient street parking options. The property’s recent upgrade—a brand-new 30-year architectural Weathered Wood roof—adds significant value and peace of mind for years to come. Well cared for and consistently occupied, this duplex combines modern appeal, low-maintenance ownership, and reliable income potential. Whether expanding an existing portfolio or stepping into your first multi-family investment, this property stands out as a smart, stable, and ready-to-perform asset in a strong Wichita rental market.

Listing Status:: Pending
Listing Office:: Reece Nichols South Central Kansas : 316-978-9777
Listing Agent:: Shane Phillips : 316-295-0696
MLS ID:: SCK663537

Appliances: DisposalRangeRefrigerator
Basement: None
A/C: Electric
Heating: Natural GasForced Air

Style: Side by Side
Parking: More than 2 per UnitOn StreetAttachedParking spaces: 2

Roofing: Composition
General: FrameVinyl Siding

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

Zoning: LOT 13 BLOCK 3 FLOYD BAILEY 4TH. ADD.138-28-0-23-03-004.00

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

Benton Elementary School

338 S Woodchuck Ln, Wichita, KS, 67209

Grades PK-5

0.54 miles away

Wilbur Middle School

340 N Tyler Rd, Wichita, KS, 67212

Grades 6-8

0.93 miles away

Northwest High School

1220 N Tyler Rd, Wichita, KS, 67212

Grades 9-12

2.18 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.