$427,000

223 N Mathewson Ave, Wichita, KS 67214

  • 3,828 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon0.44acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $112/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Airbnb Investment Portfolio in Wichita’s Central Business District with an 8% cap rate! An exceptional opportunity to acquire a fully operational, turnkey investment portfolio located just blocks from Wichita’s vibrant Old Town District and within the zoned Central Business District—a prime area for both short- and long-term rental demand. This diversified portfolio offers immediate cash flow through a strategic mix of long-term rentals and high-performing, low-vacancy Airbnb properties. Airbnb guests stay here to go to The Wave, Music Theater of Wichita, Intrust Bank Arena, Old Town, Design District, Medical stays, traveling medical providers and even for family reunions! The flagship asset is a one-of-a-kind, purpose-designed “Speakeasy”-themed Airbnb, featuring multiple bedrooms and immersive design elements that consistently attract strong bookings and premium nightly rates. Adding further value, an adjacent undeveloped lot is included with this property, presenting a rare opportunity for future expansion, additional units, or creative development within the CBD zoning. Supporting the flagship property are two detached “tiny home” Airbnb units (professionally converted garages), each operating successfully as short-term rentals with themes offering a memorable guest experience that drives excellent reviews and repeat bookings. The portfolio also includes a bungalow that can be operated as two separate Airbnb units or rented as a single residence, offering flexibility to adapt to market demand. With strong historical performance, a prime central location, creative design appeal, and future development potential already in place, this offering represents a rare opportunity to acquire an established, income-producing portfolio with day-one revenue and long-term upside.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 7:22AM
Listing Office:
Coldwell Banker Plaza Real Estate : 316-722-0030
Listing Agent:
Terra Honey : 316-312-6964
MLS ID:
SCK668076
  • Appliances: DishwasherDisposalRangeRefrigeratorWasherDryer
  • Basement: None
  • Flooring: CarpetConcreteWood
  • A/C: ElectricWindow Unit(s)
  • Heating: Natural GasForced Air
  • Style: Converted House
  • Parking: On StreetOff StreetParking spaces: 6
  • Roofing: Composition
  • General: Frame
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: Lots 10-12-14-16 Mathewson Ave Mathewson's 4th00121124 & 00121126 & 00121127
  • Utilities: Natural Gas AvailableSewer Available
  • Source: sckansas
  • Ownership: Trust

This listing courtesy of Terra Honey , Coldwell Banker Plaza Real Estate

Monthly Payment

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

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Location

Schools Nearby

W

Washington Accelerated Learning Elementary School

424 N Pennsylvania Ave, Wichita, KS, 67214

Grades PK-5

0.32 miles away

H

Horace Mann Dual Language Magnet

1243 N Market St, Wichita, KS, 67214

Grades PK-8

1.45 miles away

E

East High School

2301 E Douglas Ave, Wichita, KS, 67211

Grades 9-12

0.69 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.