$725,000
9,396 Sqft | Built 1968
534 N Richmond Ave, Wichita, KS, 67203
FOUR TO SIXPLEX MLS #SCK672279

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, local parks, popular restaurants, and major highways, making it highly attractive for tenants. This is a strong, income-producing asset with proven performance and room to grow—ideal for both seasoned investors and those expanding their Wichita portfolio.

The facts
Status Active
Price / sqft $77
Year built 1968
Living area 9,396 sqft
Property type Four to Sixplex
City Wichita
ZIP 67203
MLS number SCK672279
School district Wichita School District (USD 259)
Elementary school Lawrence
Middle school Hadley
High school West
Listing courtesy of Reece Nichols South Central Kansas. Information courtesy of South Central Kansas MLS via MLS Grid, deemed reliable but not guaranteed. Last updated Sep 5, 2026, 7:52 AM CT. Equal Housing Opportunity.
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Listing information courtesy of South Central Kansas MLS via MLS Grid. Data deemed reliable but not guaranteed. Last updated Sep 5, 2026, 7:52 AM CT. Equal Housing Opportunity. TurnKey · Keller Williams Hometown Partners · 316-364-7500 · 429 S. 119th St. W. Wichita, KS 67235.