Mixed-Use Quadplex and
220-224 W Harry St Wichita, KS 67213
220-224 W Harry St, Wichita, KS, 67213
$319,900
For Sale
$319,900
Two separate buildings with seven individually metered units, including retail storefront space and multiple apartments.
Property Size3,142 SF
Price / SF$101.81
Days on Market187
Property Features for 220-224 W Harry St
General Information
- Standard status
- Active
- Size
- 3,142 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing agency
(316) 990-4307
Listed by
Abode Real Estate
(316) 990-4307
Source
Xome
Added: Jan 17 Updated: Jul 23 at 3:26AM Checked: Jul 23 at 3:26AM
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 Abode Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings on four lots with seven total units, all on separate electrical meters. The 220 W. Harry building is described as a quadplex with two commercial retail store spaces and two residential apartments above, including a 2 bed/1 bath unit and a 3 bed/1 bath unit. The 224 W. Harry building is described as a triplex with three residential apartments: one 1 bed/1 bath unit and two 4 bed/1 bath units. The public remarks also indicate total income is approximately $6,300, with several units currently occupied.
Per the provided information, the occupied units include the retail store ($1,000), and additional occupied units listed at $1,065, $900, and $550. All other units are open (vacant) for the new owner to select tenants. Showings are by appointment only, and tenants should not be disturbed.
Overall, the configuration combines street-level retail with upper residential units, with the benefit of each unit being on its own electrical meter.
Per the provided information, the occupied units include the retail store ($1,000), and additional occupied units listed at $1,065, $900, and $550. All other units are open (vacant) for the new owner to select tenants. Showings are by appointment only, and tenants should not be disturbed.
Overall, the configuration combines street-level retail with upper residential units, with the benefit of each unit being on its own electrical meter.
Key Highlights
- Two separate buildings on 4 lots with 7 total units, including retail storefront space and multiple apartments
- All 7 units are on separate electrical meters
- 220 W. Harry (quadplex): 2 retail stores plus 2 residential units—2BR/1BA ($800) and 3BR/1BA ($900)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $12.60 |
| − Vacancy | −$2.6k | −$0.82 |
| EGI | $37.0k | $11.78 |
| − OpEx | −$11.1k | −$3.53 |
| NOI | $25.9k | $8.25 |
3,142 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$458.8K
$401.5K – $535.3K
NOI $32,119 @ 7.0% cap · market cap 10.04%
Second Best
Multifamily LT 5
$370.2K
$323.9K – $431.9K
NOI $25,911 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$778.0K
$680.7K – $907.6K
NOI $54,458 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two separate buildings with seven individually metered units, including retail storefront space and multiple apartments.
Where is this quadplex located?
The property is located at 220-224 W Harry St Wichita, KS.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two separate buildings on 4 lots with 7 total units, including retail storefront space and multiple apartments; All 7 units are on separate electrical meters; 220 W. Harry (quadplex): 2 retail stores plus 2 residential units—2BR/1BA ($800) and 3BR/1BA ($900)
