Listing provided courtesy of Reece Nichols South Central Kansasas Distributed by MLSGrid- MLS# 672279
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534 N Richmond AveWichita, KS 67203
Multi-Family · 9,396 Sq. ft.$750,000
Pending
534 N Richmond Ave Overview
- Visits:
- 6
Investment Offering – 534–544 N Richmond, Wichita, KS Rare opportunity to acquire a well-maintained multifamily package of three side-by-side duplexes arranged in a U-shape with convenient onsite parking and shared greenspace. This six-unit property generates a gross annual income of $75,750 with strong potential for continued rent growth through targeted updates. Each unit features: 2 bedrooms, 1 bath on the main level Finished basement with an additional non-conforming bedroom and living room New LVT flooring installed in basements, providing modern, durable finishes tenants love Recent capital improvements ensure low near-term maintenance: New roofs (installed summer 2025) 5 of 6 air conditioning units updated within the past 2 years With value-add opportunities still available through interior renovations and rent optimization, this property offers both stability and upside. Located in a prime central Wichita location, residents enjoy quick access to downtown, the river, local parks, popular restaurants, and major highways, making it highly attractive for tenants. This is a strong, income-producing asset with proven performance and room to grow—ideal for both seasoned investors and those expanding their Wichita portfolio.
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534 N Richmond Ave Facts & Features
- Type Multi-Family
- Sq. ft. 9,396
- Price/Sq.ft. $80
Details
General
Association/HOA
- Association: No
School Information
- School District: Wichita School District (USD 259)
- Elementary School: Lawrence
- Middle Or Junior School: Hadley
- High School: West
Income/Expenses
- Gross Income: 75750
Building Information
- Year Built: 1968
Location/Region
- County Or Parish: Sedgwick
- MLS Area Major: SCKMLS
- Subdivision Name: DAVIDSON 2ND
Rent/Lease Information
- Tenant Pays: Electricity,Gas,Water/Sewer
Tax Information
- Tax Annual Amount: 7340.43
- Tax Year: 2025
General Information
- Ownership: Individual
- Parcel Number: 136-24-0-11-08-004.00C
- Property Sub Type: Four to Sixplex
- Property Type: Residential Income
Interior
General Information
- Appliances: Dishwasher,Disposal,Range,Refrigerator
- Basement: Finished
- Cooling: Electric
- Heating: Natural Gas
- Living Area: 9396
Exterior
Parking Information
- Parking Features: 2 per Unit,Paved,On Street
- Parking Total: 12
Lot Information
- Lot Size Area: 22651
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Side by Side
- Construction Materials: Other
- Roof: Composition
General Information
- Number Of Units Total: 6
- Utilities: Natural Gas Available,Sewer Available
534 N Richmond Ave Neighborhood
Community
67203 (Wichita) Demographics
37
Median Age
4,023
Population Density (per sq. mile)
31%
College Educated
$43,520
Estimated Median Income
6,214
Estimated Total Home Owners
6,374
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.534 N Richmond Ave Monthly Cost
534 N Richmond Ave Market Data
Based on the last 30 days in this zip code
$207,057
Average List Price
$131
Average Price per Square Foot
38
Properties Sold
49
Average Days on Market
64
Properties for Sale
534 N Richmond Ave History
| Date | Value | Agent |
|---|---|---|
| 5/21/2026Source: Wichita MLS | Pending |
Nela Bayouth Listing Agent |
| 5/1/2026Source: Wichita MLS | May 01, 2026 |
Nela Bayouth Listing Agent |