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Property Details
- Property Type Multi-Family
- Units 82
- Date Updated Aug 7, 2025
82-Unit Portfolio in Central Wichita: Strategically located in a stable and established submarket, this portfolio offers scale with 82 units across multiple adjacent properties—ideal for investors targeting efficient operations and long-term growth in a low-supply environment.
$273,632 In-Place NOI with 85.37% Occupancy: Strong existing income stream with stable tenant base across 82 units; current occupancy and cash flow provide a solid foundation with upside through rent adjustments, water recapture, and continued lease-up.
Below-Market Rents with 20% Potential Upside: Current weighted average rents are $644—significantly below market. Aligning rents through a mark-to-market strategy presents immediate revenue growth potential of over 20%, with minimal capital outlay.
Auctioneer Name: Richard Shawn Terrel
Auctioneer License: 00216208
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Wichita, KS
- Neighborhood New Day
- Zip Code 67208
- Market Wichita
Points of Interest
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Safari Express Main Station
7.22 miles
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Safari Express Gorilla Station
7.40 miles
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QuikTrip
0.30 miles
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Phillips 66
0.67 miles
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Kwik Shop
1.15 miles
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Sinclair
1.96 miles
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JumpStart
2.04 miles
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Erie's Corner
2.12 miles
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Tesla Supercharger
6.85 miles
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Wesley Medical Center Public Parking
1.01 miles
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Parking Garage
1.55 miles
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The Flats At WSU
1.61 miles
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McDonald's
2.64 miles
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Old Town Parking Garage
2.72 miles
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Lot W
3.00 miles
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Lot N
3.03 miles
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Lot Q
3.09 miles
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area to ride bikes
3.11 miles
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Lot H
3.16 miles
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Wesley Inn
1.01 miles
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Candlewood Suites
1.40 miles
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Hyatt Place
1.50 miles
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Starlite Motor Lodge
1.63 miles
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Days Inn & Suites Wichita East
2.08 miles
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La Quinta Inn & Suites Wichita
2.12 miles
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Holiday Inn Wichita East I-35
2.34 miles
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Super 8 Wichita East
2.52 miles
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BEST WESTERN PLUS Eastgate Inn & Suites
2.58 miles
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Hilton Garden Inn Wichita
2.61 miles
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Lincoln Heights Village
0.87 miles
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Dillons
1.37 miles
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Happy Grocery
1.46 miles
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N & J Global Market
1.87 miles
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Asian Groceries
1.89 miles
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Dillons Marketplace
1.91 miles
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Asia Bazaar
1.94 miles
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Guelaguetza Market
2.01 miles
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Dillard's
2.02 miles
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ALDI
2.02 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

RealINSIGHT Marketplace