1646 S Fern St, Wichita, KS 67213

Wichita
Local realty services provided by:berkshire hathaway penfed realty
1646 S Fern St,Wichita, KS 67213
$900,000
  • - Beds
  • - Baths
  • 9,936 sq. ft.
  • Multi-family
  • Active
Listed by: dave brown
Office: berkshire hathaway penfed realty
MLS#:669023
Source:South Central Kansas MLS

Price summary

  • Price:$900,000
  • Price per sq. ft.:$90.58

About this home

High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual Net income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.

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Home facts

  • Year built:1980
  • Subdivision & Development:PRINCESS ADDITION
  • Listing ID #:669023
  • Added:180 day(s) ago
  • Updated:August 31, 2026 at 03:32 PM

Rooms and interior

  • Flooring:Carpet, Tile
  • Kitchen Description:Dishwasher, Disposal, Refrigerator
  • Basement:Yes
  • Living area:9,936 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1980
  • Building area:9,936 sq. ft.
  • Construction Materials:Brick Veneer, Frame

Schools

  • High school:West
  • Middle school:Hamilton
  • Elementary school:Stanley

Utilities

  • Water:Public

Finances and disclosures

  • Price:$900,000
  • Price per sq. ft.:$90.58
  • Tax amount:$8,595 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Refrigerator

Parking

  • Total parking spaces:12
  • Parking description:1 per Unit, Paved
Copyright 2026 South Central Kansas MLS. All rights reserved. Listings courtesy of South Central Kansas as distributed by MLS GRID<lastMLSCheckTimestamp>. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. The information being provided is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 1993-2026 South Central Kansas MLS. All rights reserved.

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