$750,000

534 N Richmond Ave, Wichita, KS 67203

  • 9,396 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $80/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Investment Offering – 534–544 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 $75,750 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 summer 2025) 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 grow—ideal for both seasoned investors and those expanding their Wichita portfolio.

Listing Status:
Active
Data Last Updated:
July 7, 2026 at 7:22AM
Listing Office:
Reece Nichols South Central Kansas : 316-978-9777
Listing Agent:
Nela Bayouth : 316-393-5259
MLS ID:
672279
  • Appliances: DishwasherDisposalRangeRefrigerator
  • Basement: Finished
  • A/C: Electric
  • Heating: Natural Gas
  • Style: Side by Side
  • Parking: 2 per UnitPavedOn StreetParking spaces: 12
  • Roofing: Composition
  • General: Other
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: LOT 20 BLOCK 14 J. O. DAVIDSON'S 2ND. ADD.136-24-0-11-08-004.00C
  • Utilities: Natural Gas AvailableSewer Available
  • Source: sckansas
  • Ownership: Individual

This listing courtesy of Nela Bayouth , Reece Nichols South Central Kansas

Monthly Payment

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

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Location

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