824 S Water St
Wichita, KS 67213
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Bed
0
Bath
4,320Sqft
14,084Sqft(Lot)
Turnkey investment opportunity with two adjacent brick quadplexes (eight total 1 bed/1 bath units) featuring efficient, low-maintenance layouts, vinyl windows, and electric package-unit HVAC. Six units are currently leased with a waitlist for the two vacant units, providing immediate cash flow plus near-term upside as those apartments are made ready and filled. Ownership has recently completed practical improvements including concrete and foundation work at 828 S Water, installation of select new windows in a couple of the units, and targeted safety, electrical, pest control, and exterior maintenance. Centrally located near downtown Wichita with quick access to the Arkansas River Walk, Riverfront Stadium, and INTRUST Bank Arena, this is an attractive value-add play in a strong affordable-r
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Basement: None -
Roofing Information
Composition -
Interior Features
Roof: Composition Appliances: Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Other Has Cooling: Yes Cooling: Other
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Building Information
Year Built: 1940 Construction Materials: Brick Private Pool: No
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Lot Information
Main Square Feet: 14084Property Information
Subdivision: MARCHS ADDITION Source Property Type: Residential Income Property SubType: Multi Family Property Age: 86
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Listing Price Information
Listing Price: $370000 Original Price: $380000
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Tax Information
Parcel Number: 20173-00106172 Tax Year: 2025 Annual Tax: $2384.65 Tax Legal Desc: LOTS 25-27 WATER ST MARCH'S ADD.
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Parking Information
Parking Total: 8 Paved
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School Information
Elementary School: Harry StreetJunior High School: HamiltonSenior High School: West -
Utility Information
Sewer Available -
Location Information
Direction: From Kellogg, take the Central Business District exit. Head S on Main. Turn W onto Orme, then S onto Water, to the properties. WaterSource: Public
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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 |
| 1646 S Fern St, Wichita, KS, 67213 | $900,000 | -- | -- | 9,936 | 9,936 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 824 S Water St
Nearby For Sale
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ByOwner last updated this listing 06/11/2026 @ 22:33
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