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3000 W Kellogg Dr

Wichita, KS 67213
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Bed --

Bed

Bath 0

Bath

SqFt18,824

Sqft

SqFt117,612

Sqft(Lot)

3000 W Kellogg Dr | Wichita, KS Lofts by Viewpointe | Stabilized Cash Flow with Significant Expansion Potential 98% occupied 28-unit multifamily asset fully redeveloped to institutional-quality standards and situated on approximately 2.7± acres following the recent acquisition of adjacent land. Strategically located along Wichita's primary commercial corridor and directly adjacent to Newman University and Friends University. Positioned on highly visible Kellogg frontage, Lofts by Viewpointe offers investors a rare combination of proven in-place cash flow and substantial future development upside. Originally converted from a commercial structure, the property has been completely rebuilt from the ground up with premium materials, modern infrastructure, and institutional-grade security sys tems throughout, delivering true "like-new" construction quality without the risk, timeline, and uncertainty associated with new development. The asset consists of 28 upgraded residential units plus office income and has maintained approximately 98% occupancy. Based on seller-provided financials, the property generated approximately $347,925 in gross income and approximately $302,677 in net operating income during 2025. Current 2026 operating performance annualizes to approximately $313,025 in NOI, providing strong and stable in-place cash flow. At the current asking price of $4,250,000, the property offers an in-place cap rate of approximately 7.12% and an estimated DSCR of approximately 1.29x based on 2025 actual performance. Expansion Opportunity Ownership has recently acquired approximately 0.81 additional acres, increasing the total site area to approximately 2.7± acres and creating a compelling future development opportunity. Preliminary planning concepts indicate the potential for: 60 Additional One-Bedroom Units 48 Additional Two-Bedroom Units At current market rents of approximately $995/month for one-bedroom units and $1,295/month for two-bedroom units, the expansion concept could generate more than $1.5 million in additional annual revenue and position the property as a potential 136-unit multifamily community at full buildout, subject to zoning, engineering, permitting, utility capacity, construction feasibility, and all required approvals. Investment Highlights 28-unit multifamily asset plus office income Approximately 98% occupancy 2025 NOI: Approximately $302,677 2026 Annualized NOI: Approximately $313,025 Approximately 7.12% in-place cap rate at asking price Estimated 1.29x DSCR based on 2025 operations Fully redeveloped from the ground up with premium finishes Institutional-grade security systems including key fob access, fingerprint-controlled entry, package drop systems, and comprehensive camera coverage Approximately 2.7± acres including newly acquired adjacent land Significant future expansion and development potential Prime frontage along US-54/Kellogg Direct adjacency to Newman University and Friends University Tenant-paid utilities and additional laundry income streams Strong tenant retention and operational efficiency Investment Summary 3000 W Kellogg presents a unique opportunity to acquire a stabilized, income-producing multifamily asset with immediate development upside. Combining proven operating performance, premium construction quality, strategic location, and expanded land control, the property offers investors both reliable current cash flow and a clear path toward future value creation in one of Wichita's most visible and desirable multifamily corridors. Detailed financial information, rent rolls, and supporting documentation will be made available to qualified prospective purchasers upon request.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,250,000

AD Id : 79051471

MLS Id : 673420

Lot Size : 117,612 Sqft

Living Area Size : 18,824

Year Built : 1963

County : Sedgwick

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Feature Features

  • Roofing Information

    Other
  • Interior Features

    Roof: Other Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Other Has Cooling: Yes Cooling: Other

  • Building Information

    Year Built: 1963 Construction Materials: Brick Private Pool: No

  • Lot Information

    Main Square Feet: 117612

  • Listing Price Information

    Listing Price: $4250000

  • Tax Information

    Parcel Number: 00203130 Tax Year: 2025 Annual Tax: $22000

  • Parking Information

    Parking Total: 120

  • School Information

    Elementary School: Lawrence
    Junior High School: Marshall
    Senior High School: West
  • Utility Information

    Natural Gas Available, Sewer Available
  • Location Information

    Direction: 3000 W Kellogg Dr. Wichita, KS 67213 WaterSource: Public
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423 S All Halllows Unit.., Wichita, KS, 67213 $170,000 3 2 1,123 1,123 SqFt

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 07/24/2026 @ 23:45

MLS: 673420 LISTED BY: Ridge Estes, Red Cedar Land Company 620-377-5022 SOURCE: South Central Kansas MLS

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