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 growideal for both seasoned investors and those expanding their Wichita portfolio.
Details
| MLS # | 672279 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 111 |
| Listing Provided By | Reece Nichols South Central Kansas | Nela Bayouth |
Features
| SQ Feet | 9,396 |
|---|---|
| Basement | Y |
| Units | 6 |
| Acreage | 22651.00 |
Parking
| Parking Features | 2 per Unit, Paved, On Street |
|---|
Taxes
| Property | 7340 |
|---|
Area Information
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67203 |
| School District | SCKMLS |
| Community Name | DAVIDSON 2ND |
| School District | West |
| Elementary School | Lawrence |
| High School | West |
| Listing VS Median (in DAVIDSON 2ND) | |
Price: $725,000 low | high Med: $725,000 sqft: 9,396 low | high Med: 9,396 $ / sqft: $77 low | high Med: $77 On site: 111 low | high Med: 111 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67203 |
| School District | SCKMLS |
| Community Name | DAVIDSON 2ND |
| School District | West |
| Elementary School | Lawrence |
| High School | West |
| Listing VS Median (in DAVIDSON 2ND) | |
Price: $725,000 low | high Med: $725,000 sqft: 9,396 low | high Med: 9,396 $ / sqft: $77 low | high Med: $77 On site: 111 low | high Med: 111 | |
