3212-3244 S Victoria Ave, Wichita, KS 67216
Local realty services provided by:ERA Great American Realty
3212-3244 S Victoria Ave,Wichita, KS 67216
$1,799,000
- - Beds
- - Baths
- 15,237 sq. ft.
- Multi-family
- Active
Listed by: braden mccurdy
Office: mccurdy real estate & auction, llc.
MLS#:667319
Source:South Central Kansas MLS
Price summary
- Price:$1,799,000
- Price per sq. ft.:$118.07
About this home
NEW LOWER PRICE!! Exceptional opportunity to acquire a newer construction multifamily portfolio consisting of 9 duplex buildings / 18 total units, all situated on a single parcel with one legal description. The property is being sold as a package. Built in 2023, each duplex offers 1,696 sq. ft. of finished living space (848 sq. ft. per unit) with a thoughtfully designed two-story, modern layout featuring one upstairs unit and one downstairs unit per building. All units are 2-bedroom, 1-bath with open floor plans that appeal strongly to today’s tenants. Kitchens come fully equipped with refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. Modern finishes and newer construction features—including a site sprinkler system, a single 2-inch water meter, and separately metered electric—support efficient operations and long-term ownership. Each unit currently rents for $995 per month, producing a total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. There are currently 4 vacant units; however, the duplexes historically stay rented and do not experience extended vacancy periods, reflecting consistent rental demand. Current vacant Unit #s are 3216/ #200, 3224/ #100, 3228/ #100, & 3240/ #200. Per Seller, insurance on all buildings is $13,562.16 per year. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. Each unit includes one paved parking space, with additional street parking available. The seller has a written agreement with the owner of adjoining property to continue sharing future expenses for fence maintenance. Additionally, there is room on the lot to expand the development and add 2-3 more duplexes. The property is currently self managed by the owner, with internal staff. The combination of newer construction, modern open floor plans, strong tenant appeal, and stable leasing history makes this a compelling turnkey multifamily investment. Buyers and agents should confirm and verify all information pertinent to them....
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Home facts
- Year built:2023
- Subdivision & Development:RAINBOW 1ST ADDITION
- Listing ID #:667319
- Added:192 day(s) ago
- Updated:August 02, 2026 at 03:17 PM
Rooms and interior
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Basement:Yes
- Living area:15,237 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Roof:Composition
- Year built:2023
- Building area:15,237 sq. ft.
- Construction Materials:Frame
Schools
- High school:South
- Middle school:Mead
- Elementary school:Anderson
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$1,799,000
- Price per sq. ft.:$118.07
- Tax amount:$18,825 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Refrigerator
Parking
- Total parking spaces:18
- Parking description:1 per Unit, Paved
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