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Renovated Multifamily Portfolio
For Sale
Contact for pricing
Pending

1841 N Madison Ave, Wichita, KS 67214

Portfolio includes single-family homes and duplexes with professional management, updated leases, and kitchen appliances in every unit.

Property SizeContact for details
Days on Market144

Property Features for 1841 N Madison Ave

General Information

Standard status Pending
Property subtype Retail, Multifamily

Additional Details

Multifamily Units 22
Listing Agency: Dreiling Realty
Listed By: Pat Dreiling · License #KS BR00054469
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 1 at 4:29AM

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 Dreiling Realty

Investment Insights

Based on property information with market context.

This multifamily portfolio includes single-family homes and duplexes containing 22 units with two- to four-bedroom layouts. Every unit was renovated between 2019 and 2024 and includes kitchen appliances. Most homes feature granite countertops, newer flooring, fresh paint, and updated roofs. Each unit receives HVAC servicing and property inspections twice annually.

Professional property management oversees the portfolio, which includes both long-term and newer residents under updated leases. Thirteen of the 22 units are occupied by housing authority residents through Section 8. Rental rates were adjusted between the end of 2023 and the beginning of 2024 to reflect market levels while taking resident tenure into account. The properties are located at 1841 N Madison Ave in Wichita, Kansas.

Key Highlights

  • 22‑unit multifamily portfolio with single‑family homes and duplexes
  • Two- to four‑bedroom unit layouts
  • All units renovated between 2019 and 2024

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units

Location Intelligence

Trade Area within ½ mile

315
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Portfolio includes single-family homes and duplexes with professional management, updated leases, and kitchen appliances in every unit.
Where is this multifamily property located?
The property is located at 1841 N Madison Ave Wichita, KS.
What are key features of this property?
This property features: 22‑unit multifamily portfolio with single‑family homes and duplexes; Two- to four‑bedroom unit layouts; All units renovated between 2019 and 2024
(316) 761-1954 Call to check price and availability
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