542-544 S Paula Ave, Wichita, KS 67209
Local realty services provided by:ERA Great American Realty
542-544 S Paula Ave,Wichita, KS 67209
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: shane phillips
Office: reece nichols south central kansas
MLS#:663537
Source:South Central Kansas MLS
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Price summary
- Price:
About this home
This turnkey, income-producing duplex presents an exceptional investment opportunity offering both immediate cash flow and long-term stability in a desirable, tenant-friendly location. The property includes two well-maintained units—one featuring 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage currently rented for $1,075 per month, and the other offering 2 bedrooms, 1.5 bathrooms, and a 1-car attached garage renting for $900 per month—together generating a strong gross annual income of $23,700. Both units are separately metered, and tenants pay all utilities, providing investors with minimal overhead and simplified management. Each unit showcases matching finishes and thoughtful layouts designed for comfort and practicality, with spacious living areas, functional kitchens, and ample natural light. Additional amenities include large private patios, privacy-fenced yards, and generous onsite parking complemented by convenient street parking options. The property’s recent upgrade—a brand-new 30-year architectural Weathered Wood roof—adds significant value and peace of mind for years to come. Well cared for and consistently occupied, this duplex combines modern appeal, low-maintenance ownership, and reliable income potential. Whether expanding an existing portfolio or stepping into your first multi-family investment, this property stands out as a smart, stable, and ready-to-perform asset in a strong Wichita rental market.
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Home facts
- Year built:1973
- Listing ID #:663537
- Added:50 day(s) ago
- Updated:December 07, 2025 at 07:33 AM
Heating and cooling
- Cooling:Electric
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1973
Schools
- High school:Northwest
- Middle school:Wilbur
- Elementary school:Benton
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:
- Tax amount:$2,065 (2024)
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