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Elizabeth Stanton

elizabeth@stantongroup.com +1(316) 734-8971

Listed by Nela Bayouth • Reece Nichols South Central Kansas

$ 750,000

Est. payment | -/mo

9,396 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

9,396 SqFt

Key Details

Property Type Multi-Family

Sub Type Four to Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 9,396 sqft

Price per Sqft $79

Subdivision Davidson 2Nd

MLS Listing ID SCK672279

Style Side by Side

Total Fin. Sqft 9396

Year Built 1968

Annual Tax Amount $7,340

Tax Year 2025

Lot Dimensions 22651

Property Sub-Type Four to Sixplex

Source sckansas

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.

Location

State KS

County Sedgwick

Direction EAST ON CENTRAL FROM WEST STREET TO RICHMOND, SOUTH TO HOME

Rooms

Basement Finished

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Appliance Dishwasher, Disposal, Range, Refrigerator

Heat Source Natural Gas

Exterior

Garage Description 2 per Unit, Paved, On Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 12

Building

Architectural Style Side by Side

Structure Type Other

Schools

Elementary Schools Lawrence

Middle Schools Hadley

High Schools West

School District Wichita School District (Usd 259)

Others

Financing Other

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(316) 734-8971

elizabeth@stantongroup.com

1001 E Douglas Ave, Wichita, Kansas 67002, USA

534 N Richmond Ave Wichita, KS 67203