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3212-3244 S Victoria Ave

Wichita, KS 67216
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Bed --

Bed

Bath 0

Bath

SqFt15,237

Sqft

SqFt42,366

Sqft(Lot)

Exceptional opportunity to acquire a newer construction multifamily portfolio consisting of 9 duplex buildings / 18 total units, all situated on a single parcel with one legal description. The property is being sold as a package. Built in 2023, each duplex offers 1,696 sq. ft. of finished living space (848 sq. ft. per unit) with a thoughtfully designed two-story, modern layout featuring one upstairs unit and one downstairs unit per building. All units are 2-bedroom, 1-bath with open floor plans that appeal strongly to today’s tenants. Kitchens come fully equipped with refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. Modern finishes and newer construction features—including a site sprinkler system, a single 2-inch water meter, and separately mete red electric—support efficient operations and long-term ownership. Each unit currently rents for $995 per month, producing a total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. There are currently 4 vacant units; however, the duplexes historically stay rented and do not experience extended vacancy periods, reflecting consistent rental demand. Current vacant Unit #s are 3216/ #200, 3224/ #100, 3228/ #100, & 3240/ #200. Per Seller, insurance on all buildings is $13,562.16 per year. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. Each unit includes one paved parking space, with additional street parking available. The seller has a written agreement with the owner of adjoining property to continue sharing future expenses for fence maintenance. Additionally, there is room on the lot to expand the development and add 2-3 more duplexes. The property is currently self managed by the owner, with internal staff. The combination of newer construction, modern open floor plans, strong tenant appeal, and stable leasing history makes this a compelling turnkey multifamily investment. Buyers and agents should confirm and verify all information pertinent to them.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,899,000

AD Id : 74441789

MLS Id : 667319

Lot Size : 42,366 Sqft

Living Area Size : 15,237

Year Built : 2023

County : Sedgwick

Subdivision: Cobbs Creek

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Feature Features

  • Room Information

    Basement: None
  • Roofing Information

    Composition
  • Interior Features

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

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 2023 Construction Materials: Frame Private Pool: No

  • Lot Information

    Main Square Feet: 42366

    Property Information

    Subdivision: RAINBOW 1ST ADDITION Source Property Type: Residential Income Property SubType: Duplex Property Age: 3

  • Listing Price Information

    Listing Price: $1899000 Original Price: $1925000

  • Tax Information

    Parcel Number: 21209-00131831 Tax Year: 2025 Annual Tax: $18825.21 Tax Legal Desc: BLOCK 16 EXC S 200 FT W 144 FT & EXC E 459.5 FT & EXC N 120 FT THEREOF RAINBOW FIRST ADDITION

  • Parking Information

    Parking Total: 18 Paved

  • School Information

    Elementary School: Anderson
    Junior High School: Mead
    Senior High School: South
  • Utility Information

    Sewer Available
  • Location Information

    Direction: From Hydraulic & 31st St South - W. on 31st St, S. on Victoria Ave to property. WaterSource: Public
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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 06/24/2026 @ 12:38

MLS: 667319 LISTED BY: Braden McCurdy, McCurdy Real Estate & Auction, LLC 316-867-3600 SOURCE: South Central Kansas MLS

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