$200,000
 $1,199 est/mo Sourced by Back At You

121-127 W 31st St N,Wichita, KS 67204

Wichita, KS 67204

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Description

This fully occupied, income-producing quadplex in northwest Wichita offers an exceptional opportunity for investors seeking strong, consistent returns and a well-maintained property in a desirable location. The building includes three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, each thoughtfully designed to provide a comfortable living space with a functional kitchen, inviting living room, and updated bathroom featuring a tub/shower combo. Every unit is equipped with a refrigerator and range/oven, adding convenience for tenants and simplifying management for the owner. The property has been well cared for, with solid rental history and dependable occupancy, making it an ideal turnkey investment. The three 1-bedroom units currently rent for $525 per month each, and the 2-bedroom unit rents for $600, resulting in a total gross monthly income of $2,175. Tenants appreciate the property’s convenient location near schools, shopping, dining, and major roadways, contributing to ongoing demand and tenant retention. With its combination of steady income, strong tenant appeal, and potential for future appreciation, this property represents a secure, income-generating asset in one of Wichita’s established residential areas. Whether you’re looking to expand your rental portfolio or acquire a stable investment with proven cash flow, this fully leased quadplex is a rare opportunity to step into ownership with immediate returns. Buyer should verify school assignments as they are subject to change. All information deemed reliable but not guaranteed.

Details

MLS #672885
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site100
Listing Provided ByReece Nichols South Central Kansas | Shane Phillips

Features

SQ Feet2,048
Units4
Acreage6539.00

Parking

Parking FeaturesPaved, On Street

Taxes

Property928

Area Information

StateKS
CountySedgwick
CityWichita
Zip Code67204
School DistrictSCKMLS
Community NameJONES PARK
School DistrictHeights
Elementary SchoolOrtiz
High SchoolHeights
Listing VS Median (in JONES PARK)
Price:
$200,000
low | high
Med:
$200,000
50% of Average
sqft:
2,048
low | high
Med:
2,048
50% of Average
$ / sqft:
$98
low | high
Med:
$98
50% of Average
On site:
100
low | high
Med:
100
100% of Average
Sourced by Back At You

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® of South Central Kansas.

Contact

Learn More About This Property

Andrea Goss

Andrea Goss

Coldwell Banker Select

181953 (405) 819-0089andrea.goss@cbokc.com
StateKS
CountySedgwick
CityWichita
Zip Code67204
School DistrictSCKMLS
Community NameJONES PARK
School DistrictHeights
Elementary SchoolOrtiz
High SchoolHeights
Listing VS Median (in JONES PARK)
Price:
$200,000
low | high
Med:
$200,000
50% of Average
sqft:
2,048
low | high
Med:
2,048
50% of Average
$ / sqft:
$98
low | high
Med:
$98
50% of Average
On site:
100
low | high
Med:
100
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2026 at 2:01:42 PM PDT

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Contact

Andrea Goss
8100 N. May Ave
Oklahoma City, OK 73120
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Andrea Goss  |  (405) 819-0089  |  181953
Northwest OKC Brixton Square - 7101 Northwest Expwy Ste 750, Oklahoma City, OK 73132

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