$ 490,000 $ 565,000 13.3%

1322 S Vine St

Wichita, KS 67213

  • 4,752 SqFt
  • 1970 Year Built
12-unit apartment complex in southwest Wichita offering strong in-place income with upside potential. The property includes two side-by-side 6-unit buildings (1322 & 1326 S Vine St) on separate lots. One unit is currently vacant and in need of make-ready prior to renting, while the remaining units are occupied. Current gross income is $6,125 per month with the vacant unit. Once fully rented, the property is projected to generate approximately $6,700 per month ($80,400 annually). All units are one-bedroom, one-bath, single-story layouts with no stairs or basements, making them simple to maintain and attractive to tenants. Each apartment features central heat and air, a front entry, and a rear sliding glass door that opens to a private fenced patio. Tenants are separately metered for gas and electric, with the owner responsible only for water. The property offers paved parking for each unit and is conveniently located just minutes from Friends University, Newman University, and US-400 (Kellogg), providing easy access throughout Wichita. With solid current income and clear upside through lease-up of the vacant unit, this property presents a compelling opportunity for investors seeking steady cash flow in a strong rental market.
Listed by Shane Phillips of Reece Nichols South Central Kansas

GALLERY

1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213
1322 S Vine St, Wichita, KS 67213

PROPERTY DETAIL

  • Key Details

    Sold Price $490,000

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 4, 752 sqft

    Price per Sqft $103

    MLS Listing ID SCK663672

    Sold Date 03/06/26

    Style Side by Side

    Total Fin. Sqft 4752

    Year Built 1970

    Annual Tax Amount $4,712

    Tax Year 2024

    Lot Dimensions 13917

    Property Sub-Type Multi Family

    Source sckansas

  • Location

    State KS

    County Sedgwick

    Direction Head south from Seneca and US-400, turn right onto McCormick, turn left on Vine, continue to property on the left.

  • Rooms

    Basement None

  • Building

    Unit Features [{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_1\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_2\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_3\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_4\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_5\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_6\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_7\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_8\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_9\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_10\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_11\"},{\"UnitTypeActualRent\":555,\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"1 Bedroom\",\"UnitTypeKey\":\"SCK663672Group_12\"}]

    Architectural Style Side by Side

    Structure Type Frame

  • Interior

    Heating Natural Gas, Forced Air

    Cooling Multi Units

    Flooring Carpet

    Fireplace No

    Appliance Range, Refrigerator

    Heat Source Natural Gas, Forced Air

  • Exterior

    Garage Description 1 per Unit, Paved, Off Street

    Utilities Available Natural Gas Available, Sewer Available

    View Y/N Yes

    Roof Type Composition

    Total Parking Spaces 12

  • Schools

    Elementary Schools Stanley

    Middle Schools Hamilton

    High Schools West

    School District Wichita School District (Usd 259)

  • Others

    Financing Conventional

SIMILAR HOMES FOR SALE

Check for similar Multi-Familys at price around $490,000 in Wichita,KS

CONTACT

Caleb Claussen
Caleb Claussen
Email: calebc@reecenichols.com Tel: +1(316) 259-1995

License ID: 00245649

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