1406–1408 S Lulu Ave presents a practical duplex opportunity for investors or even owner-occupants looking to build wealth through house hacking in central Wichita. With one 2-bedroom, 1-bath unit currently vacant and the other already rented until September 30, this property offers immediate flexibility and income from day one. Both units feature a simple, functional ranch layout with living space and two bedrooms on one level, making them easy to rent and straightforward to manage. The occupied side is leased at $775 per month, while the vacant unit is ready for a new tenant or owner-occupant with a market rent at or above $800 per month. This setup works well for buyers who want to live in one unit while offsetting their monthly payment with rental income, or for investors seeking a low-barrier entry into a duplex. The detached garage and on-site parking provide added convenience, and the property’s utility structure keeps expenses predictable with tenants paying gas, water, and electric while the owner covers trash and lawn. Located just south of downtown with quick access to Old Town, major highways, and everyday amenities, the South Lulu location offers affordability without sacrificing connectivity. This is not a luxury property. This is a solid, approachable option for someone who values function, income potential, and long-term ownership. PLEASE DO NOT DISTURB TENANTS.
