158-Unit Multifamily
1516 E 3rd St., Wichita, KS 67214
For Sale
New
$7,000,000
A varied apartment mix spans studio through three-bedroom floor plans across a collection of renovated residential buildings.
Property Size91,162 SF
Days on Market2
Property Features for 1516 E 3rd St.
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NAI Martens
Listed By:
Trent Garman · License KS SP00237691
(316) 613-2447
Source:
Naimartens
Added: Nov 12
Last Checked: Nov 12 at 2:21PM
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
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Investment Insights
Based on property information with market context.
This multifamily property contains 158 units across 46 buildings, with renovated duplex, triplex, and fourplex configurations. The unit mix includes 18 studios at 384 square feet each, 98 one-bedroom, one-bath units at 500 square feet each, 18 two-bedroom, one-bath units at 625 square feet each, 13 three-bedroom, one-bath units at 1,000 square feet each, and 11 three-bedroom, two-bath units at 1,000 square feet each. The buildings were constructed in 1940.
The property is approximately 0.5 mile from Downtown and Old Town, and minutes from St. Francis and Wesley medical centers.
The property is approximately 0.5 mile from Downtown and Old Town, and minutes from St. Francis and Wesley medical centers.
Key Highlights
- 158 apartments in 46 buildings
- Renovated duplex, triplex, and fourplex buildings
- 18 studios at 384 square feet each
Property Analytics
Lease Details
158
Residential units
Location Intelligence
Trade Area within ½ mile
2,234
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
$72,600
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Wichita, KS
Properties on Market for Multifamily properties in Wichita
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - A varied apartment mix spans studio through three-bedroom floor plans across a collection of renovated residential buildings.
Where is this multifamily property located?
The property is located at 1516 E 3rd St. Wichita, KS.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 158 apartments in 46 buildings; Renovated duplex, triplex, and fourplex buildings; 18 studios at 384 square feet each
