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4415 E Lincoln St

Wichita, KS 67218
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Bed --

Bed

Bath 0

Bath

SqFt19,848

Sqft

SqFt60,548

Sqft(Lot)

See Attached Documents for full legal description. Lincoln Investment Portfolio | 15 Units | 8 Buildings | Wichita, Kansas Introducing the Lincoln Investment Portfolio, a rare opportunity to acquire a 15-unit residential investment portfolio consisting of seven duplexes and one single-family residence located throughout established Wichita neighborhoods. The portfolio has undergone extensive renovations, with the buildings being taken down to the studs and comprehensively rebuilt, including significant updates to the major building systems. This substantial renovation reduces deferred maintenance while providing investors with a portfolio positioned for long-term ownership. The portfolio currently generates $147,240 in annual gross rental income with current monthly rental income of $12, 270. Seller financials indicate projected annual rental income of approximately $173,040 through natural lease turnover and market rent adjustments, creating additional upside for future ownership. Current annual cash flow is approximately $143,556.84, with projected annual cash flow of approximately $169,356.84 following rental adjustments. Offered at $1,700,000, the portfolio presents an attractive financing profile with an illustrative Debt Service Coverage Ratio (DSCR) of approximately 1.45 based on a conventional financing scenario with 30% down. This provides investors with strong in-place cash flow while maintaining the opportunity for future appreciation and rental growth. Unlike a traditional apartment complex, this portfolio distributes rental income across eight separate buildings, providing diversified income streams and reducing concentration risk. The properties are located in established neighborhoods with consistent rental demand and offer investors a compelling combination of stable occupancy, immediate income, and long-term appreciation potential. Investment Highlights 15 Residential Rental Units 8 Buildings (7 Duplexes & 1 Single-Family Residence) Extensively Renovated - Buildings Taken Down to the Studs Major Mechanical, Electrical, Plumbing, and Structural Components Updated Reduced Deferred Maintenance Current Gross Rental Income: $147,240 Annually Projected Gross Rental Income: Approximately $173,040 Annually Estimated DSCR: 1.45 (Illustrative 30% Down Financing) Strong Cash Flow with Rental Growth Potential Established Wichita Rental Market Excellent Opportunity for Private Investors or 1031 Exchange Buyers Financial information has been provided by the seller and is believed to be reliable but has not been independently verified. Buyers should independently verify all financial information, leases, operating expenses, and property condition during the due diligence period.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,700,000

AD Id : 89859066

MLS Id : 677932

Lot Size : 60,548 Sqft

Living Area Size : 19,848

Tax Amount : 1064.00

Year Built : 1941

County : Sedgwick

Subdivision: Franklin Twp

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Feature Features

  • Room Information

    Basement: None
  • Flooring Information

    Other
  • Roofing Information

    Composition
  • Interior Features

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

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Multi Units

  • Building Information

    Year Built: 1941 Construction Materials: Vinyl Siding, Concrete Private Pool: No

  • Lot Information

    Main Square Feet: 60548

    Property Information

    Subdivision: HILLTOP MANOR SUBDIVISION Source Property Type: Residential Income Property SubType: Duplex Property Age: 85

  • Listing Price Information

    Listing Price: $1700000

  • Tax Information

    Parcel Number: 00175313, 00175314, 00175315, 00175320, 00175319, Tax Year: 2025 Annual Tax: $1064 Tax Legal Desc: See attached legal description. Includes 8 parcels in Hilltop Manor Subdivision.

  • Parking Information

    Parking Total: 30 Paved

  • School Information

    Elementary School: Jefferson
    Junior High School: Curtis
    Senior High School: Southeast
  • Utility Information

    Sewer Available
  • Location Information

    Direction: From US-54/Kellogg, take the Edgemoor exit and proceed south on S. Edgemoor Street. Turn right (west) onto E. Lincoln Street. The first property is located at the corner of E. Lincoln Street and S. Terrace Drive (905 S. Terrace Dr.). The remaining portfolio properties are located along E. Lincoln Street, S. Terrace Drive, and the parallel E. Bayley Street corridor directly behind the Lincoln properties. 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
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
602 S Bluff St, Wichita, KS, 67218 $0 -- -- 2,658 6,690 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 09/04/2026 @ 00:52

MLS: 677932 LISTED BY: Ridge Estes, Red Cedar Land Company 620-377-5022 SOURCE: South Central Kansas MLS

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