1646 S Fern St
Wichita, KS 67213
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Bed
0
Bath
9,936Sqft
21,106Sqft(Lot)
High-Yield 8.33% CAP Rate – Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual Net income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675–$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don’t miss this rare opportunity to acquire a high-performing asset in a s
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Basement: None -
Flooring Information
Carpet, Tile -
Roofing Information
Composition -
Interior Features
Roof: Composition Appliances: Dishwasher, Disposal, Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1980 Construction Materials: Brick Veneer, Frame Private Pool: No
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Lot Information
Main Square Feet: 21106Property Information
Subdivision: PRINCESS ADDITION Source Property Type: Residential Income Property SubType: Multi Family Property Age: 46
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Listing Price Information
Listing Price: $900000
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Tax Information
Parcel Number: 087-129-31-0-12-01-009.00 Tax Year: 2025 Annual Tax: $8594.78 Tax Legal Desc: LOTS 44-46-48 FERN ST. BLOCK D PRINCESS ADD and LOTS 38-40-42 FERN ST. BLOCK D PRINCESS ADD
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Parking Information
Parking Total: 12 Paved, On Street
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School Information
Elementary School: StanleyJunior High School: HamiltonSenior High School: West -
Utility Information
Natural Gas Available -
Location Information
Direction: From the intersection of W. Harry and S. Seneca, go west on Harry to Fern Ave, south on Fern Ave to the property. Located on the NE corner of Fern Ave and Merton Street. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 830 S Market St, Wichita, KS, 67213 | $145,000 | -- | -- | 1,482 | 1,482 SqFt |
| 1323 S Main St, Wichita, KS, 67213 | $176,000 | -- | -- | 1,279 | 1,279 SqFt |
| 1421 S Main St, Wichita, KS, 67213 | $120,000 | -- | -- | 1,300 | 1,300 SqFt |
| 201 W Kinkaid St, Wichita, KS, 67213 | $220,000 | -- | -- | 1,955 | 1,955 SqFt |
| 1703 S Glenn St, Wichita, KS, 67213 | $235,000 | -- | -- | 2,250 | 2,250 SqFt |
| 1714 S Euclid Ave, Wichita, KS, 67213 | $0 | -- | -- | 2,492 | 2,492 SqFt |
| 423 S All Halllows Unit.., Wichita, KS, 67213 | $170,000 | 3 | 2 | 1,123 | 1,123 SqFt |
| 3000 W Kellogg Dr, Wichita, KS, 67213 | $4,250,000 | -- | -- | 18,824 | 18,824 SqFt |
| 207 & 209 S Custer Ave, Wichita, KS, 67213 | $0 | -- | -- | 2,838 | 2,838 SqFt |
Similar Multifamily To 1646 S Fern St
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the South Central Kansas MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 South Central Kansas MLS. All Rights Reserved.
ByOwner last updated this listing 06/19/2026 @ 12:54
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