$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 4 months 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 Net 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:
July 6, 2026 at 7:20AM
Listing Office:
Berkshire Hathaway PenFed Realty : 316-636-2323
Listing Agent:
Dave Brown : 316-461-6297
MLS ID:
669023
  • 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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