4-Unit
909 N Porter Ave Apts 1-4, Wichita, KS 67203
For Sale
$249,900
The property contains four one-bedroom, one-bathroom residences, with updates completed in several units.
Property Size2,012 SF
Price / SF$124.20
Days on Market69
Property Features for 909 N Porter Ave Apts 1-4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
High Point Realty, LLC
(316) 990-5740
Listed By:
Brianna Branine · License KS #00232264
(316) 941-6788
Source:
Albright-realty
Added: Sep 3
Changed: Nov 8
Last Checked: Nov 8 at 9:31PM
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 High Point Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a quadplex, this 2,012-square-foot property contains four residences, each with one bedroom and one bathroom. Several units have received updates. The building dates to 1900 and is a converted home.
At 909 N Porter Ave in Wichita, the property is within walking distance of Sim Park, Riverside Park, and the Wichita Art Museum.
At 909 N Porter Ave in Wichita, the property is within walking distance of Sim Park, Riverside Park, and the Wichita Art Museum.
Key Highlights
- Four residences, each with 1 bedroom and 1 bathroom
- 2,012 square feet in a converted home
- Updates completed in several units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,237
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,740
$364.7K
Cap Rate 7%
$260,529
$260.5K
Cap Rate 9%
$202,633
$202.6K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$27.8K $13.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$26.1K $12.95/SF
− OpEx
−$7.8K −$3.88/SF
NOI
$18.2K $9.06/SF
Area
ZIP 67203
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,740
Cap Rate 7%
$260,529
Cap Rate 9%
$202,633
Alternative Uses
Best Use
Multifamily LT 5
$260.5K
$228.0K – $304.0K
NOI $18,237 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$492.5K
$431.0K – $574.6K
NOI $34,478 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 67203, KS
30,498
Population
14,851
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
4,236
Density / Sq Mi
$50,411
Median Household Income
$33,431
Median Earnings
$921
Median Rent
$126,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property contains four one-bedroom, one-bathroom residences, with updates completed in several units.
Where is this quadplex located?
The property is located at 909 N Porter Ave Apts 1-4 Wichita, KS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four residences, each with 1 bedroom and 1 bathroom; 2,012 square feet in a converted home; Updates completed in several units
