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Three-Building Multifamily Property
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550 South Laclede Street, Wichita, KS 67213

Consists of studio and one-bedroom units across three two-story buildings, offering a straightforward residential income mix.

Property Size41,832 SF
Days on Market60

Property Features for 550 South Laclede Street

General Information

Standard status Active
Size 41,832 SF
Property subtype Multifamily

Additional Details

Multifamily Units 80

Building Details

Year Built 1972
Stories 2
Tenancy Multi
Listing Agency: Insite Real Estate Group
Listed By: Kristin Stang · License #KS SP00233240
Source: Crexi
Added: Jun 1 Changed: Jul 10 Last Checked: Jul 29 at 12:59PM

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

Investment Insights

Based on property information with market context.

The property includes 24 studio units and 56 one-bedroom units, arranged across three two-story buildings. The configuration creates a consistent residential layout with two distinct unit types, supporting an owner’s ability to manage a single property portfolio rather than scattered locations.

The buildings are located at 550 South Laclede Street in Wichita, Kansas. With three separate structures on the same property, vehicle and pedestrian routines can remain organized while still providing multiple points of building access within the complex.

This multifamily asset is well-suited for investors or operators looking for a residential income offering that combines studio flexibility with one-bedroom demand. With a defined unit count and a repeatable two-story building format, the property may appeal to buyers seeking to streamline operations while maintaining a mix of apartment layouts.

Key Highlights

  • 1972‑built multifamily property
  • Consists of 24 studio units and 56 one‑bedroom units
  • Units are spread across three two‑story buildings

Property Analytics

Current Use

550 south Laclede ... Cafe & Coffee Shop Lux Off Riverwalk ... Apartment Building

Suggested Use

Top Pick Dental Office Locksmith Butcher Tanning Salon Grocery & Convenience Store Daycare Center

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

80
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,414
Businesses Nearby

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

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?
Apartment building - Consists of studio and one-bedroom units across three two-story buildings, offering a straightforward residential income mix.
Where is this apartment building located?
The property is located at 550 South Laclede Street Wichita, KS.
What are key features of this property?
This property features: 1972‑built multifamily property; Consists of 24 studio units and 56 one‑bedroom units; Units are spread across three two‑story buildings
More about this property
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