824 S Water St Wichita, KS 67213
New
- Added:
- Apr 2, 2026
- Days on Market:
- 3
- Last Refresh:
- Apr 4 at 4:06 am
Property Features for 824 S Water St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 20173-00106172
- Size
- 4,320 SF
- Lot size
- 14,084.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 25-27 WATER ST MARCH'S ADD.
- Tax Annual Amount
- 2385
Utilities
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 8
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Cody Arnett (316) 416-5975
Listing office Keller Williams Hometown Partners 429 S 119th St W, Wichita, KS (316) 729-8500
Listing date Apr 2, 2026
MLS# 670656
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Wichita Turnkey Investment Opportunity
This is a turnkey investment opportunity featuring two adjacent brick quadplexes, totaling eight units, each with one bedroom and one bathroom. The units feature efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC systems. Six units are currently leased, and there is a waitlist for the two vacant units, offering immediate cash flow and near-term upside as the vacant apartments are prepared and filled. Recent improvements include concrete and foundation work at 828 S Water, installation of select new windows in some units, and targeted safety, electrical, pest control, and exterior maintenance. The property is centrally located near downtown Wichita, with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena. This property offers an attractive value-add opportunity in a strong affordable-rental corridor. The property management company is available to continue managing the property. The property size is 4320 square feet and the lot size is 14084 acres.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.339061
- Latitude
- 37.676526
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Two adjacent brick quadplexes near downtown Wichita.
Where is this quadplex located?
The property is located at 824 S Water St Wichita, KS.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Turnkey investment opportunity with immediate cash flow from six currently leased units.; Two adjacent brick quadplexes (eight total 1 bed/1 bath units) offering efficient, low‑maintenance layouts.; Near‑term upside potential by leasing the two vacant units, with a current waitlist of prospective tenants.
