534 N Richmond Ave, Wichita, KS 67203

Wichita
Local realty services provided by:reece nichols south central kansas
534 N Richmond Ave,Wichita, KS 67203
$725,000
  • - Beds
  • - Baths
  • 9,396 sq. ft.
  • Multi-family
  • Active
Office: reece nichols south central kansas
MLS#:672279
Source:South Central Kansas MLS

Price summary

  • Price:$725,000
  • Price per sq. ft.:$77.16

About this home

Investment Offering – 534–544 N Richmond, Wichita, KS Rare opportunity to acquire a well-maintained multifamily package of three side-by-side duplexes arranged in a U-shape with convenient onsite parking and shared greenspace. This six-unit property generates a gross annual income of $75,750 with strong potential for continued rent growth through targeted updates. Each unit features: 2 bedrooms, 1 bath on the main level Finished basement with an additional non-conforming bedroom and living room New LVT flooring installed in basements, providing modern, durable finishes tenants love Recent capital improvements ensure low near-term maintenance: New roofs (installed summer 2025) 5 of 6 air conditioning units updated within the past 2 years With value-add opportunities still available through interior renovations and rent optimization, this property offers both stability and upside. Located in a prime central Wichita location, residents enjoy quick access to downtown, the river,...

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Home facts

  • Year built:1968
  • Subdivision & Development:DAVIDSON 2ND
  • Listing ID #:672279
  • Added:132 day(s) ago
  • Updated:September 11, 2026 at 03:50 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Disposal, Refrigerator
  • Basement:Yes
  • Basement Description:Finished
  • Living area:9,396 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Building area:9,396 sq. ft.
  • Architectural Style:Side by Side

Schools

  • High school:West
  • Middle school:Hadley
  • Elementary school:Lawrence

Utilities

  • Water:Public
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$725,000
  • Price per sq. ft.:$77.16
  • Tax amount:$7,340 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Refrigerator

Parking

  • Total parking spaces:12
  • Parking description:2 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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