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1646 S Fern St

Wichita, KS 67213
  • $900,000
  • STATUS: Active
  • MLS #: 669023
New
UPDATED: 49 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,936
    SQFT
  • $91
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Information

Elementary School:
Middle School:
High School:

Listing information © 2026 South Central Kansas MLS.
Listing provided courtesy of Dave Brown of Berkshire Hathaway PenFed Realty .




Description

High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual gross income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2026 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-08T19:01:01.977.
www.wichitarealestatesearch.com/homes/173637944
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1646 S Fern St Wichita, KS 67213

  • Price: $900,000
  • Status: Active
  • On Site: Days
  • Updated: 49 min ago
  • MLS #: 669023
0
Beds
0
Baths
0
½ Baths
N/A
Acres
9,936
SQFT
$91
$/SQFT
1980
Built
Neighborhood:
Princess Addition
County:
Sedgwick
Elementary School:
Stanley
Middle School:
Hamilton
High School:
West
School District:
Wichita School District (Usd 259)
Property Description
High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual gross income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a steady rental market.
Exterior Features

Construction Materials Brick VeneerFrame Parking Features 1 per UnitPavedOn Street Parking Total 12 Roof Composition

Interior Features

Appliances DishwasherDisposalRangeRefrigerator Basement None Basement Finish Per None Basement Use None Cooling Electric Flooring CarpetTile Heating Forced AirNatural Gas

Property Features

Architectural Style Other Association YN No Current Financing Conventional Lot Size Area 21106 Owner Finance YN No Ownership Individual Property Sub Type Multi Family Street Additional Info 1658 S Fern Ave Tax Annual Amount 8594.78 Tax Year 2025 Terms Of Tenancy Month to Month6 Months or Less6 Months to 1 Year1 Year or More Transaction Type For Sale Utilities Natural Gas Available Water Source Public

Listing courtesy of Dave Brown of Berkshire Hathaway PenFed Realty: .


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2026 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-08T19:01:01.977.
 
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Graham Realtors
9505 W. Central
Wichita KS, 67212

Listing information © 2026 South Central Kansas MLS.
Listing provided courtesy of Dave Brown of Berkshire Hathaway PenFed Realty .