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Marsha Hill

marsha.hill@exprealty.com +1(316) 285-9446

Listed by Braden McCurdy • McCurdy Real Estate & Auction, LLC

$ 1,799,000

Est. payment | -/mo

15,237 SqFt

Save

$ 1,799,000

Est. payment | -/mo

Save

15,237 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 15,237 sqft

Price per Sqft $118

Subdivision Rainbow 1St Addition

MLS Listing ID SCK667319

Style Other

Total Fin. Sqft 15237

Year Built 2023

Annual Tax Amount $18,825

Tax Year 2025

Lot Dimensions 42366

Property Sub-Type Duplex

Source sckansas

Property Description

NEW LOWER PRICE!! Exceptional opportunity to acquire a newer construction multifamily portfolio consisting of 9 duplex buildings / 18 total units, all situated on a single parcel with one legal description. The property is being sold as a package. Built in 2023, each duplex offers 1,696 sq. ft. of finished living space (848 sq. ft. per unit) with a thoughtfully designed two-story, modern layout featuring one upstairs unit and one downstairs unit per building. All units are 2-bedroom, 1-bath with open floor plans that appeal strongly to today's tenants. Kitchens come fully equipped with refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. Modern finishes and newer construction features—including a site sprinkler system, a single 2-inch water meter, and separately metered electric—support efficient operations and long-term ownership. Each unit currently rents for $995 per month, producing a total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. Per seller, the duplexes historically stay rented and do not experience extended vacancy periods, reflecting consistent rental demand. Contact listing office for the most current occupancy information. Per Seller, insurance on all buildings is $13,562.16 per year. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. Each unit includes one paved parking space, with additional street parking available. The seller has a written agreement with the owner of adjoining property to continue sharing future expenses for fence maintenance. Additionally, there is room on the lot to expand the development and add 2-3 more duplexes. The property is currently self managed by the owner, with internal staff. The combination of newer construction, modern open floor plans, strong tenant appeal, and stable leasing history makes this a compelling turnkey multifamily investment. Buyers and agents should confirm and verify all information pertinent to them.

Location

State KS

County Sedgwick

Direction From Hydraulic & 31st St South - W. on 31st St, S. on Victoria Ave to property.

Rooms

Basement None

Interior

Heating Electric

Cooling Electric

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator

Heat Source Electric

Exterior

Garage Description 1 per Unit, Paved

Utilities Available Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 18

Building

Unit Features [{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_1\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_2\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_3\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_4\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_5\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_6\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_7\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_8\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_9\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_10\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_11\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_12\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_13\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_14\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_15\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_16\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_17\"},{\"UnitTypeActualRent\":995,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK667319Group_18\"}]

Architectural Style Other

Structure Type Frame

Schools

Elementary Schools Anderson

Middle Schools Mead

High Schools South

School District Wichita School District (Usd 259)

Others

Financing None

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+1(316) 285-9446

marsha.hill@exprealty.com

801 E Douglas, #683, Wichita, KS 67202, USA

3212-3244 S Victoria Ave Wichita, KS 67216