Renovated Multifamily Property with 48
For Sale
Contact for pricing
206 E 18th St. 718 722 730 N Market, Wichita, KS 67214
48-unit multifamily across two nearby Wichita locations with renovated one- and two-bedroom units and current full occupancy.
Property SizeContact for details
Days on Market118
Property Features for 206 E 18th St. 718 722 730 N Market
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
48
Building Details
Year Renovated
2011
Listing Agency:
NAI Martens
(316) 613-2447
Listed By:
Trent Garman · License #KS SP00237691
Source:
Crexi
Added: Apr 16
Changed: Aug 8
Last Checked: Jul 22 at 7:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens
Investment Insights
Based on property information with market context.
Market Street Lofts offers 48 apartment units across two locations, with a mix of renovated one- and two-bedroom homes. The properties underwent full renovations in 2011 and feature up-to-date finishes and appliances throughout the units. The community is currently 100% occupied, with historically strong occupancy.
Both properties are located just north of downtown Wichita and are surrounded by local businesses, retailers and restaurants, event centers, and bus stops, with easy highway access.
For transaction structure, Market Street Lofts will be sold as a General Partner Buyout of 100% of the operating entity due to tax credit implications, and the remarks note a potential rent increase after the property is out of the Section 42 compliance period.
Both properties are located just north of downtown Wichita and are surrounded by local businesses, retailers and restaurants, event centers, and bus stops, with easy highway access.
For transaction structure, Market Street Lofts will be sold as a General Partner Buyout of 100% of the operating entity due to tax credit implications, and the remarks note a potential rent increase after the property is out of the Section 42 compliance period.
Key Highlights
- 48‑unit multifamily across two nearby Wichita locations
- Renovated one- and two‑bedroom units with up‑to‑date finishes and appliances
- Completed full renovations in 2011
Property Analytics
Current Use
Lease Details
48
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 67214, KS
15,936
Population
8,197
Households
1.9
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
5.3 sq mi
ZIP Area
3,007
Density / Sq Mi
$36,636
Median Household Income
$25,518
Median Earnings
$752
Median Rent
$72,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 48-unit multifamily across two nearby Wichita locations with renovated one- and two-bedroom units and current full occupancy.
Where is this apartment building located?
The property is located at 206 E 18th St. 718 722 730 N Market Wichita, KS.
What are key features of this property?
This property features: 48‑unit multifamily across two nearby Wichita locations; Renovated one- and two‑bedroom units with up‑to‑date finishes and appliances; Completed full renovations in 2011
