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Shane Phillips

shane@reecenichols.com +1(316) 295-0696

Listed by Shane Phillips • Reece Nichols South Central Kansas

$ 200,000

Est. payment -/mo

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

2,048 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Four to Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,048 sqft

Price per Sqft $97

Subdivision Jones Park

MLS Listing ID SCK672885

Style Side by Side

Total Fin. Sqft 2048

Year Built 1950

Annual Tax Amount $928

Tax Year 2025

Lot Dimensions 6539

Property Sub-Type Four to Sixplex

Source sckansas

Property 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.

Location

State KS

County Sedgwick

Direction W. 29th St. N. & N. Arkansas Ave. - East on 29th St, North on Wellington, East on 31st

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Cooling Electric

Fireplace No

Appliance Disposal, Range, Refrigerator

Heat Source Natural Gas, Forced Air

Exterior

Garage Description Paved, On Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Other

Total Parking Spaces 4

Building

Unit Features [{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672885Group_1\"},{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672885Group_2\"},{\"UnitTypeActualRent\":525,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK672885Group_3\"},{\"UnitTypeActualRent\":600,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK672885Group_4\"}]

Architectural Style Side by Side

Structure Type Block,Frame

Schools

Elementary Schools Ortiz

Middle Schools Pleasant Valley

High Schools Heights

School District Wichita School District (Usd 259)

Others

Financing Conventional

Shane Phillips

REALTOR® - Team Lead | License ID: 00237718

+1(316) 295-0696 | shane@reecenichols.com

Shane Phillips

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

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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121-127 W 31st St N