$750,000

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534 Richmond Ave Wichita, KS, United States 67203

Investment Offering 534544 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 growideal for both seasoned investors and those expanding their Wichita portfolio.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Residential Income
  • Year Built: 1968
  • Built in 1968
  • Home size: 9,396 ft2 / 872.91 m2
  • MLS: 661902
  • Status: Active

Property brokered by

ReeceNichols Real Estate

(913) 491-1001

Get more listing details on brokerage site

Presented by Nela Bayouth

  • (316) 978-9777 (Office Phone)

Contact Nela Bayouth

Contact Agent

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