Local realty services provided by:ERA Great American Realty
703-709 S Hydraulic St,Wichita, KS 67211
$350,000
- - Beds
- - Baths
- 1,966 sq. ft.
- Multi-family
- Active
Listed by: joseph hamer, shane phillips
Office: reece nichols south central kansas
MLS#:665491
Source:South Central Kansas MLS
Price summary
- Price:$350,000
- Price per sq. ft.:$178.03
About this home
703–709 S Hydraulic St is a fully occupied multifamily investment consisting of two duplexes on one parcel, offering four total units with strong in-place income. This is a stabilized asset designed for investors seeking predictable cash flow without the burden of immediate capital expenditures or deferred maintenance. Each unit features a consistent and easy-to-lease 2 bedroom, 1 bathroom floor plan with a spacious living room and a kitchen and dining combo on the main level. Two bedrooms and one bathroom are located upstairs in every unit, creating uniformity across the property and simplifying long-term management. Each unit also includes a basement that houses the mechanicals, laundry hookups, and ample storage, adding durability and tenant functionality. Front entries open to updated concrete porches, while rear doors lead to private fenced areas. Major improvements have already been completed, including new siding in 2025, a new roof in 2024, new LVP flooring throughout all units, fresh interior paint, new toilets and vanities, repaired stairs, updated front porch concrete and supports, and new appliances in select units. Security cameras are installed. All four units are currently leased at approximately $900 per month, producing gross income of roughly $3,600 per month or over $43,000 annually. Tenants pay gas and electric, while ownership covers lawn care, water, sewer, and trash, keeping operating expenses straightforward and predictable. Located along South Hydraulic with quick access to downtown Wichita, Old Town, and Kellogg, this property offers an attractive acquisition point in a central, high-demand rental corridor. This is a clean, stabilized four-unit property well suited for investors looking to add reliable income to their portfolio. DO NOT DISTURB TENANTS.
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Home facts
- Year built:1945
- Listing ID #:665491
- Added:58 day(s) ago
- Updated:January 30, 2026 at 12:33 PM
Rooms and interior
- Living area:1,966 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1945
- Building area:1,966 sq. ft.
Schools
- High school:East
- Middle school:Mead
- Elementary school:Washington
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$350,000
- Price per sq. ft.:$178.03
- Tax amount:$2,615 (2025)
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