$192,500
$200,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
121-127 W 31st St N Wichita, KS 67204
2,048 SqFt
Key Details
Sold Price $192,500
Property Type Multi-Family
Sub Type Four to Sixplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $93
Subdivision Jones Park
MLS Listing ID SCK672885
Sold Date 10/01/26
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 Central Gas, Forced Air
Cooling Electric
Fireplace No
Appliance Disposal, Range, Refrigerator
Heat Source Central 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
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