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Listed price in listed location currency (USD).
$370,000

008

MLS® 670656

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4320 sqft
Garage No
Taxes $2,385
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $85
MLS® Number 670656

Property Address: 824 S Water St, Wichita, KS, 67213-5440

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey investment opportunity with two adjacent brick quadplexes (eight total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Six units are currently leased with a waitlist for the two vacant units, providing immediate cash flow plus near-term upside as those apartments are made ready and filled. Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-rental corridor. **The property management company is happy to continue managing this property.**
MLS® Number670656
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1940
BasementNone
Driveway1 per Unit, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Apr 2, 2026List Date
$370,000List Price
  • Commute

Commute

Starting Address
Destination Address
824 S Water St, Wichita, KS

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