223 N Mathewson Ave, Wichita, KS 67214
Local realty services provided by:ERA Great American Realty
223 N Mathewson Ave,Wichita, KS 67214
$622,000
- - Beds
- - Baths
- 5,317 sq. ft.
- Multi-family
- Active
Listed by: terra honey
Office: coldwell banker plaza real estate
MLS#:666652
Source:South Central Kansas MLS
Price summary
- Price:$622,000
- Price per sq. ft.:$116.98
About this home
Airbnb Investment Portfolio in Wichita’s Central Business District with an 8% cap rate! An exceptional opportunity to acquire a fully operational, turnkey investment portfolio located just blocks from Wichita’s vibrant Old Town District and within the zoned Central Business District—a prime area for both short- and long-term rental demand. This diversified portfolio offers immediate cash flow through a strategic mix of long-term rentals and high-performing, low-vacancy Airbnb properties. Airbnb guests stay here to go to The Wave, Music Theater of Wichita, Intrust Bank Arena, Old Town, Design District, Medical stays, traveling medical providers and even for family reunions! The flagship asset is a one-of-a-kind, purpose-designed “Speakeasy”-themed Airbnb, featuring multiple bedrooms and immersive design elements that consistently attract strong bookings and premium nightly rates. Adding further value, an adjacent undeveloped lot is included with this property, presenting a rare opportunity for future expansion, additional units, or creative development within the CBD zoning. Supporting the flagship property are three detached “tiny home” Airbnb units (professionally converted garages), each operating successfully as short-term rentals. One unit stands out with a custom bait-shop theme, offering a memorable guest experience that drives excellent reviews and repeat bookings. The portfolio also includes a large divided Victorian home, providing multiple income streams, along with a bungalow that can be operated as two separate Airbnb units or rented as a single residence, offering flexibility to adapt to market demand. With strong historical performance, a prime central location, creative design appeal, and future development potential already in place, this offering represents a rare opportunity to acquire an established, income-producing portfolio with day-one revenue and long-term upside.
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Home facts
- Year built:1920
- Listing ID #:666652
- Added:1 day(s) ago
- Updated:January 08, 2026 at 04:29 PM
Rooms and interior
- Living area:5,317 sq. ft.
Heating and cooling
- Cooling:Electric, Window Unit(s)
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1920
- Building area:5,317 sq. ft.
Schools
- High school:East
- Middle school:Robinson
- Elementary school:Washington
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$622,000
- Price per sq. ft.:$116.98
- Tax amount:$6,471 (2025)
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