Local realty services provided by:ERA Great American Realty
1322 S Vine St,Wichita, KS 67213
$565,000
- - Beds
- - Baths
- 4,752 sq. ft.
- Multi-family
- Active
Listed by: caleb claussen, shane phillips
Office: reece nichols south central kansas
MLS#:663672
Source:South Central Kansas MLS
Price summary
- Price:$565,000
- Price per sq. ft.:$118.9
About this home
12-unit apartment complex in southwest Wichita offering strong in-place income with upside potential. The property includes two side-by-side 6-unit buildings (1322 & 1326 S Vine St) on separate lots. One unit is currently vacant and in need of make-ready prior to renting, while the remaining units are occupied. Current gross income is $6,125 per month with the vacant unit. Once fully rented, the property is projected to generate approximately $6,700 per month ($80,400 annually). All units are one-bedroom, one-bath, single-story layouts with no stairs or basements, making them simple to maintain and attractive to tenants. Each apartment features central heat and air, a front entry, and a rear sliding glass door that opens to a private fenced patio. Tenants are separately metered for gas and electric, with the owner responsible only for water. The property offers paved parking for each unit and is conveniently located just minutes from Friends University, Newman University, and US-400 (Kellogg), providing easy access throughout Wichita. With solid current income and clear upside through lease-up of the vacant unit, this property presents a compelling opportunity for investors seeking steady cash flow in a strong rental market.
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Home facts
- Year built:1970
- Listing ID #:663672
- Added:101 day(s) ago
- Updated:January 30, 2026 at 12:33 PM
Rooms and interior
- Living area:4,752 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1970
- Building area:4,752 sq. ft.
Schools
- High school:West
- Middle school:Hamilton
- Elementary school:Stanley
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$565,000
- Price per sq. ft.:$118.9
- Tax amount:$4,712 (2024)
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