534 N Richmond Ave, Wichita, KS 67203
- $750,000
- 9,396
- SqFt
Listing courtesy of Listing Agent: Nela Bayouth from Listing Office: Reece Nichols South Central Kansas.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- SCK672279
- Year Built
- 1968
- Style
- Side by Side
- County
- Sedgwick
- Subdivision
- Davidson 2nd
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.
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Additional Information
- Taxes
- $7,340
- Living Area
- 9,396
- Appliances
- Dishwasher, Disposal, Range, Refrigerator
- Heating
- Natural Gas
- Cooling
- Electric
- Construction
- Other
- Roof
- Composition
- Elementary School
- Lawrence
- Middle School
- Hadley
- High School
- West
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