USAKSWichitaDavidson 2Nd534 N Richmond Ave
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534 N Richmond Ave, Wichita, KS

House

For Sale

Listed price in listed location currency (USD).
$750,000

0012

MLS® 672279

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 9396 sqft
Garage 
Taxes $7,340
Days Active 0
Lot Size 
Approx. Age 1968
Avg. Price Per Sqft $79
MLS® Number 672279

Property Address: 534 N Richmond Ave, Wichita, KS, 67203-5005

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number672279
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
BasementFinished
Driveway2 per Unit, Paved, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$750,000List Price
  • Commute

Commute

Starting Address
Destination Address
534 N Richmond Ave, Wichita, KS

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