Renovated Apartment Building
For Sale
Contact for pricing
425 West Taft Street, Wichita, KS 67213
Two coordinated properties offer updated interiors and modernized building systems near downtown Wichita.
Property SizeContact for details
Days on Market198
Property Features for 425 West Taft Street
General Information
Standard status
Active
Property subtype
MULTIFAMILY
Property Condition
Severity
Major Repairs Needed
Evidence
fire and/or smoke damage to 10 of the units
Site & Location
Neighborhood
South Central
Highway Access
Yes
Building Details
Year Built
1972
Listing Agency:
InSite Real Estate Group, LLC
(316) 618-1100
Listed By:
Kristin Stang, CCIM · License #SP00233240
(316) 518-9399
Source:
Insitere
Added: Apr 12
Changed: Oct 25
Last Checked: Oct 24 at 1:40PM
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 InSite Real Estate Group, LLC
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Investment Insights
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This apartment building portfolio comprises two separate properties positioned across the street from one another and operated together. A recent full renovation addressed electrical, plumbing, HVAC systems, exterior paint, roof repairs, and windows, while apartment interiors were refreshed with granite countertops and stainless steel appliances. Additional amenities were also added as part of the improvements.
The property is adjacent to downtown Wichita, the Delano District, the Arkansas River, and US-54/400. Intrust Bank Arena, Riverfront Stadium, Exploration Place, the downtown Advanced Learning Library, Old Town, and Delano restaurants are within minutes. Wichita State University is ten minutes away, while Friends University, Newman University, and the Kansas College of Osteopathic Medicine are under five minutes away.
In November 2024, a vehicle-caused fire at the Laclede building damaged 10 units through fire and/or smoke. The units are to be restored before closing, or insurance proceeds will be assigned to the buyer at closing. The property has operated at 100% occupancy on all occupiable units since the incident.
The property is adjacent to downtown Wichita, the Delano District, the Arkansas River, and US-54/400. Intrust Bank Arena, Riverfront Stadium, Exploration Place, the downtown Advanced Learning Library, Old Town, and Delano restaurants are within minutes. Wichita State University is ten minutes away, while Friends University, Newman University, and the Kansas College of Osteopathic Medicine are under five minutes away.
In November 2024, a vehicle-caused fire at the Laclede building damaged 10 units through fire and/or smoke. The units are to be restored before closing, or insurance proceeds will be assigned to the buyer at closing. The property has operated at 100% occupancy on all occupiable units since the incident.
Key Highlights
- Two apartment properties across the street from one another operate as a single portfolio
- Full renovation included electrical, plumbing, HVAC, exterior paint, roof repairs, and window replacement
- Updated units feature granite countertops and stainless steel appliances
Property Analytics
Who owns this building?
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
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Business Placement
Demographics for 67213, KS
21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two coordinated properties offer updated interiors and modernized building systems near downtown Wichita.
Where is this apartment building located?
The property is located at 425 West Taft Street Wichita, KS.
What are key features of this property?
This property features: Two apartment properties across the street from one another operate as a single portfolio; Full renovation included electrical, plumbing, HVAC, exterior paint, roof repairs, and window replacement; Updated units feature granite countertops and stainless steel appliances
