Listing provided courtesy of Reece Nichols South Central KansasMLS# 672885MLS Provider
  • 48 days on site
  • 7 views

This fully occupied, income-producing quadplex in northwest Wichita offers an exceptional opportunity for investors seeking strong, consistent returns and a well-maintained property in a desirable location. The building includes three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, each thoughtfully designed to provide a comfortable living space with a functional kitchen, inviting living room, and updated bathroom featuring a tub/shower combo. Every unit is equipped with a refrigerator and range/oven, adding convenience for tenants and simplifying management for the owner. The property has been well cared for, with solid rental history and dependable occupancy, making it an ideal turnkey investment. The three 1-bedroom units currently rent for $525 per month each, and the 2-bedroom unit rents for $600, resulting in a total gross monthly income of $2,175. Tenants appreciate the property’s convenient location near schools, shopping, dining, and major roadways, contributing to ongoing demand and tenant retention. With its combination of steady income, strong tenant appeal, and potential for future appreciation, this property represents a secure, income-generating asset in one of Wichita’s established residential areas. Whether you’re looking to expand your rental portfolio or acquire a stable investment with proven cash flow, this fully leased quadplex is a rare opportunity to step into ownership with immediate returns. Buyer should verify school assignments as they are subject to change. All information deemed reliable but not guaranteed.

Source: Wichita MLS, MLS#: 672885

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  • Property Type
    Residential Income

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 121-127 W 31st St N


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/12/2026Source: Wichita MLS Added to Database
May 12, 2026