Multi-Family $ 240,000

542-544 S Paula Ave

Wichita, KS 67209

  • 2,540 SqFt
  • 1973 Year Built
This turnkey, income-producing duplex presents an exceptional investment opportunity offering both immediate cash flow and long-term stability in a desirable, tenant-friendly location. The property includes two well-maintained units—one featuring 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage currently rented for $1,075 per month, and the other offering 2 bedrooms, 1.5 bathrooms, and a 1-car attached garage renting for $900 per month—together generating a strong gross annual income of $23,700. Both units are separately metered, and tenants pay all utilities, providing investors with minimal overhead and simplified management. Each unit showcases matching finishes and thoughtful layouts designed for comfort and practicality, with spacious living areas, functional kitchens, and ample natural light. Additional amenities include large private patios, privacy-fenced yards, and generous onsite parking complemented by convenient street parking options. The property's recent upgrade—a brand-new 30-year architectural Weathered Wood roof—adds significant value and peace of mind for years to come. Well cared for and consistently occupied, this duplex combines modern appeal, low-maintenance ownership, and reliable income potential. Whether expanding an existing portfolio or stepping into your first multi-family investment, this property stands out as a smart, stable, and ready-to-perform asset in a strong Wichita rental market.
Listed by Shane Phillips of Reece Nichols South Central Kansas

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 2, 540 sqft

    Price per Sqft $94

    Subdivision Floyd Bailey

    MLS Listing ID SCK663537

    Style Side by Side

    Total Fin. Sqft 2540

    Year Built 1973

    Annual Tax Amount $2,065

    Tax Year 2024

    Lot Dimensions 9325

    Property Sub-Type Duplex

    Source sckansas

  • Location

    State KS

    County Sedgwick

    Direction Kellogg and Tyler, north to Tyler Ct, east to Paula, north to property

  • Rooms

    Basement None

  • Building

    Unit Features [{\"UnitTypeActualRent\":900,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK663537Group_1\"},{\"UnitTypeActualRent\":1075,\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"3 Bedroom\",\"UnitTypeKey\":\"SCK663537Group_2\"}]

    Architectural Style Side by Side

    Structure Type Frame,Vinyl Siding

  • Interior

    Heating Natural Gas, Forced Air

    Cooling Electric

    Fireplace No

    Appliance Disposal, Range, Refrigerator

    Heat Source Natural Gas, Forced Air

  • Exterior

    Garage Description More than 2 per Unit, On Street, Attached

    Utilities Available Natural Gas Available, Sewer Available

    View Y/N Yes

    Roof Type Composition

    Total Parking Spaces 2

  • Schools

    Elementary Schools Benton

    Middle Schools Wilbur

    High Schools Northwest

    School District Wichita School District (Usd 259)

  • Others

    Security Features Fenced

    Financing Conventional

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CONTACT

Shane Phillips
Shane Phillips

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