824 S Water St, Wichita, KS 67213

Wichita
Local realty services provided by:ERA Great American Realty
824 S Water St,Wichita, KS 67213
$380,000
  • - Beds
  • - Baths
  • 4,320 sq. ft.
  • Multi-family
  • Active
Listed by: cody arnett
Office: keller williams hometown partners
MLS#:670656
Source:South Central Kansas MLS

Price summary

  • Price:$380,000
  • Price per sq. ft.:$87.96

About this home

Turnkey investment opportunity with two adjacent brick quadplexes (eight total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Six units are currently leased with a waitlist for the two vacant units, providing immediate cash flow plus near-term upside as those apartments are made ready and filled. Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-rental corridor. **The property management company is happy to continue managing this property.**

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Home facts

  • Year built:1940
  • Listing ID #:670656
  • Added:1 day(s) ago
  • Updated:April 02, 2026 at 10:41 PM

Rooms and interior

  • Kitchen Description:Refrigerator
  • Basement:Yes
  • Living area:4,320 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Building area:4,320 sq. ft.
  • Architectural Style:Side by Side

Schools

  • High school:West
  • Middle school:Hamilton
  • Elementary school:Harry Street

Utilities

  • Water:Public
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$380,000
  • Price per sq. ft.:$87.96
  • Tax amount:$2,385 (2025)

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:8
  • Parking description:1 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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