Property Highlights

Triplex with separate alley entry for Unit 1
Updated upstairs unit with new 2025 mini split
Front unit features a porch swing
Off-street parking with alley access
Recently repaired roof and HVAC improvements
Strong rental income potential above 1% rule

Overview

Rare opportunity to own a cash-flowing triplex in the heart of Delano, one of Wichitas most desirable and fastest-growing rental markets. Whether youre adding to your portfolio or looking to house hack, this property delivers steady income with room to grow. The main 2-bedroom, 1-bath unit is currently vacant and ready for a new tenant or owner-occupant. It offers private alley access and a projected market rent of $750. The two occupied 1-bedroom, 1-bath units generate $1,200 per month combined, with total income potential around $1,950 when fully leased. This exceeds the 1% rule and provides solid cash flow from day one. Unit 2, the upstairs apartment, features a new mini split system installed in 2025, while Unit 3 greets guests with an inviting front porch and classic Delano charm. Alley access provides high demand off-street parking, and recent improvements include roof repairs, a new HVAC system for one unit, and the updated mini split for another. The basement does experience moisture in the mechanical area and has been priced accordingly. With a walkable location near Delano shops, breweries, Friends University, and quick access to downtown, this property combines stability, lifestyle appeal, and future upside. Being sold as-is, this triplex is an opportunity to own a proven income property in one of Wichitas strongest rental areas.

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