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3421_3423 E Penley Dr

Wichita, KS 67218
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Bed --

Bed

Bath 0

Bath

SqFt3,255

Sqft

SqFt8,061

Sqft(Lot)

Turnkey Multi-Unit Investment, $3,250/mo Current Income, Solid Brick construction. Exceptional income asset near St. Joseph Hospital. This unique property offers four functional living spaces (two main-level 2-bed/1-bath units and two lower-level spaces with kitchen, bath, and laundry hookups). Lower-level bedrooms currently feature non-conforming windows—ideal for an investor looking to install egress windows and maximize long-term equity. or house-hack, live in one unit while the remaining three offset your mortgage. Financial Highlights & Key Features: Gross Income: $3,250/month ($39,000/year gross). Unit 3421 A ($800/mo), Unit 3421 B ($800/mo), Unit 3423 A ($900/mo), Unit 3423 B ($750/mo). Capital Upgrades: Brand-new HVAC installed in 2024; second system replaced in 2018. Low Maintenan ce: Durable brick exterior and 4 dedicated off-street parking spots. Tenants in 3423 take care of the yard. Upside: Clear value-add potential by upgrading lower-level egress windows and transitioning utility responsibilities to tenants. Landlord pays electric, gas & water on 3423 (A&B) and pays all trash.

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Detail Ic Property Details

Property Type : Residential Income

Price : $309,900

AD Id : 90911385

MLS Id : 678425

Lot Size : 8,061 Sqft

Living Area Size : 3,255

Tax Amount : 2926.82

Year Built : 1947

County : Sedgwick

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Finished
  • Roofing Information

    Composition
  • Interior Features

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

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 1947 Construction Materials: Brick Private Pool: No

  • Lot Information

    Main Square Feet: 8061

  • Listing Price Information

    Listing Price: $309900

  • Tax Information

    Parcel Number: 20173-127-26-0-32-07-002.00 Tax Year: 2025 Annual Tax: $2926.82 Tax Legal Desc: LOT 1 REPLAT OF LOTS 15 & 16 BLOCK 2 PAUL'S ADD.

  • Parking Information

    Parking Total: 4 On Street

  • School Information

    Elementary School: Griffith
    Junior High School: Mead
    Senior High School: East
  • Utility Information

    Natural Gas Available, Sewer Available
  • Location Information

    Direction: From the intersection of E Lincoln and S Hillside, go South on Hillside to Penley Dr, then go East on Penley Dr. Property is at the corner of Penley Dr and Vassar. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
819 & 821 S Hillcrest St, Wichita, KS, 67218 $0 -- -- 6,534 6,534 Sqft
827 & 829 S Hillcrest St, Wichita, KS, 67218 $0 -- -- 1,792 6,970 Sqft
6142 E Harry St, Wichita, KS, 67218 $165,000 -- -- 1,559 8,276 Sqft
6124 E Harry St, Wichita, KS, 67218 $165,000 -- -- 1,549 10,019 Sqft
4924 E Gilbert St, Wichita, KS, 67218 $160,000 -- -- 1,728 8,936 Sqft
4520 E Gilbert St, Wichita, KS, 67218 $369,900 6 4 2,568 6,552 Sqft
827-829 S Terrace Dr, Wichita, KS, 67218 $170,000 -- -- 1,056 6,530 Sqft
4415 E Lincoln St, Wichita, KS, 67218 $1,700,000 -- -- 19,848 60,548 Sqft
4311 Boston Dr, Wichita, KS, 67218 $73,000 -- -- 1,368 6,196 Sqft
4269-4271 E Boston Dr, Wichita, KS, 67218 $115,000 -- -- 1,368 6,213 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 09/03/2026 @ 16:00

MLS: 678425 LISTED BY: Dwight Boyce, Wheat State Realty, LLC 316-208-8553 SOURCE: South Central Kansas MLS

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