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Four-Unit Apartment Building
For Sale
$120,000

432 N Minnesota, Wichita, KS 67214

Two-level apartment property requiring rehabilitation, with basement space and separate mechanical areas.

Property Size3,024 SF
Price / SF$39.68
Days on Market55

Property Features for 432 N Minnesota

General Information

Standard status Active
Size 3,024 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence rehabbing it from the floor up

Site & Location

Neighborhood Northeast Millair
Utilities to Site No

Additional Details

Multifamily Units 4

Building Details

Year Built 1930
Buildings 1
Stories 2
Listing Agency: Berkshire Hathaway PenFed Realty
Listed By: Lisa Mayfield · License #00242185
Source: Highpointks
Added: Sep 4 Changed: Oct 25 Last Checked: Oct 26 at 8:08PM

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 Berkshire Hathaway PenFed Realty

Rey
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Investment Insights

Based on property information with market context.

This four-unit apartment property at 432 N Minnesota in Wichita includes two units on the main level and two upstairs. Each unit is described with space for two bedrooms, a kitchen, bathroom, living area, and gas fireplace. The property is being offered in as-is condition and requires substantial rehabilitation.

The building contains 3,024 square feet, along with a 1,512-square-foot unfinished basement area. The basement previously functioned as an apartment and also includes the building’s mechanical systems. Utilities are not currently in service. Built in 1930, the property offers a defined four-unit layout with additional basement space for future configuration.

Key Highlights

  • Four‑unit apartment property with two main‑level units and two upstairs
  • 3,024‑square‑foot building built in 1930
  • Each unit includes potential for 2 bedrooms, kitchen, bathroom, living area, and gas fireplace

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

252
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

Frequently Asked Questions

What type of property is this?
Quadplex - Two-level apartment property requiring rehabilitation, with basement space and separate mechanical areas.
Where is this quadplex located?
The property is located at 432 N Minnesota Wichita, KS.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Four‑unit apartment property with two main‑level units and two upstairs; 3,024‑square‑foot building built in 1930; Each unit includes potential for 2 bedrooms, kitchen, bathroom, living area, and gas fireplace
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