$900,000

1646 S Fern St, Wichita, KS 67213

  • 9,936 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $91/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual gross income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 7:23AM
Listing Office:
Berkshire Hathaway PenFed Realty : 316-636-2323
Listing Agent:
Dave Brown : 316-461-6297
MLS ID:
SCK669023
  • Appliances: DishwasherDisposalRangeRefrigerator
  • Basement: None
  • Flooring: CarpetTile
  • A/C: Electric
  • Heating: Forced AirNatural Gas
  • Style: Other
  • Parking: 1 per UnitPavedOn StreetParking spaces: 12
  • Roofing: Composition
  • General: Brick VeneerFrame
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: LOTS 44-46-48 FERN ST. BLOCK D PRINCESS ADD and LOTS 38-40-42 FERN ST. BLOCK D PRINCESS ADD087-129-31-0-12-01-009.00
  • Utilities: Natural Gas Available
  • Source: sckansas
  • Ownership: Individual

This listing courtesy of Dave Brown , Berkshire Hathaway PenFed Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stanley Elementary School

1749 S Martinson St, Wichita, KS, 67213

Grades PK-5

0.17 miles away

H

Hamilton Middle School

1407 S Broadway Ave, Wichita, KS, 67211

Grades 6-8

1.23 miles away

W

West High School

820 S Osage St, Wichita, KS, 67213

Grades 9-12

0.86 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.