$380,000

824 S Water St, Wichita, KS 67213

  • 4,320 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $88/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Turnkey investment opportunity with two adjacent brick quadplexes (eight total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Six units are currently leased with a waitlist for the two vacant units, providing immediate cash flow plus near-term upside as those apartments are made ready and filled. Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-rental corridor. **The property management company is happy to continue managing this property.**

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 7:20AM
Listing Office:
Keller Williams Hometown Partners : 316-729-8500
Listing Agent:
Cody Arnett : 316-416-5975
MLS ID:
SCK670656
  • Appliances: RangeRefrigerator
  • Basement: None
  • A/C: Other
  • Heating: Other
  • Style: Side by Side
  • Parking: 1 per UnitPavedParking spaces: 8
  • Roofing: Composition
  • General: Brick
  • Originating MLS: sckansas
  • School District: Wichita School District (USD 259)
  • County: Sedgwick
  • Zoning: LOTS 25-27 WATER ST MARCH'S ADD.20173-00106172
  • Utilities: Sewer Available
  • Source: sckansas
  • Ownership: Corporate

This listing courtesy of Cody Arnett , Keller Williams Hometown Partners

Monthly Payment

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

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Location

Schools Nearby

H

Harry Street Elementary School

1605 S Market St, Wichita, KS, 67211

Grades PK-5

0.88 miles away

H

Hamilton Middle School

1407 S Broadway Ave, Wichita, KS, 67211

Grades 6-8

0.68 miles away

W

West High School

820 S Osage St, Wichita, KS, 67213

Grades 9-12

0.55 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.