High-Yield Investment Opportunity in SW Wichita – 2 Bed / 1 Bath Home 1629 S. Richmond Ave, Wichita Online Only Auction: Bidding Begins: Wed, Sept. 23rd @ 2:00 PM Bidding Concludes: Wed, Sept 30th @ 6:30 PM Looking to add a reliable cash-flowing asset to your rental portfolio or jump into your next project? Don't miss this high-upside investment opportunity at 1629 S Richmond Ave in Wichita's Stanley-Alley neighborhood! Proven Income Potential: According to Rentometer, average area rent for comparable 2-bedroom homes is $925/month ($11,100 gross annual income)—offering double-digit gross yield potential for buy-and-hold investors. Built in 1930, this 864 sq. ft. single-family home sits on a generous 0.16-acre lot (6,970 sq. ft.) featuring a fully fenced backyard with a storage shed. Equipped with central heating and air, off-street parking, and main-floor washer/dryer hookups, this property combines low overhead with low immediate capital expenditure requirements. Beds/Baths: 2 Bed / 1 Bath Living Area: 864 Sq. Ft. Lot Size: 6,970 Sq. Ft. | Fenced Backyard + Storage Shed Market Rent: $925/mo Average Rentometer Comps Mechanicals: Central Heating & A/C, Washer/Dryer Hookups Location: Wichita USD 259 School District | Fast access to S Seneca St & W Pawnee St
Active
Price Unknown
1629 S Richmond Ave, Wichita, KS 67213
2beds
864sqft
Single Family Onsite Built
Built in 1930
6,969 Square Feet Lot
$96,300 Zestimate®
$--/sqft
$-- HOA
Overview
- 20 days
- 177
- 14
Zillow last checked:
Listing updated:
Listed by:
Dave Brown 316-636-2323,
Berkshire Hathaway PenFed Realty
Source: SCKMLS as distributed by MLS GRID,MLS#: 677547
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: Carpet
- Level: Main
- Area: 112.68
- Dimensions: 11'1" x 10'2"
Bedroom
- Description: Carpet
- Level: Main
- Area: 107.14
- Dimensions: 11'1" x 9'8"
Dining room
- Level: Main
- Area: 74.55
- Dimensions: 7'11" x 9'5"
Kitchen
- Description: Other
- Level: Main
- Area: 84.15
- Dimensions: 6'11" x 12'2"
Laundry
- Level: Main
- Area: 78.24
- Dimensions: 10'11" x 7'2"
Living room
- Description: Other
- Level: Main
- Area: 249.69
- Dimensions: 14'10" x 16'10"
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Main Level
Features
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 864 sqft
- Finished area above ground: 864
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Fencing: Chain Link
Lot
- Size: 6,969 Square Feet
- Features: Standard
Details
- Additional structures: Storage
- Parcel number: 0871373601102012.00
- Special conditions: Auction
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Onsite Built
Materials
- Frame w/Less than 50% Mas, Vinyl/Aluminum
- Foundation: None, Crawl Space
- Roof: Composition
Condition
- Year built: 1930
Utilities & green energy
- Gas: Natural Gas Available
- Utilities for property: Sewer Available, Natural Gas Available, Public
Community & HOA
Community
- Subdivision: GARFIELD
HOA
- Has HOA: No
Location
- Region: Wichita
Financial & listing details
- Tax assessed value: $76,500
- Annual tax amount: $820
- Date on market: 8/14/2026
- Cumulative days on market: 21 days
- Ownership: Individual
- Road surface type: Paved
Estimated market value
$96,300
$78,000 - $114,000
$1,016/mo
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $824 +10.1% | $8,798 +11.7% |
| 2024 | $749 +4.2% | $7,878 +12.5% |
| 2023 | $718 +8.4% | $7,004 |
| 2022 | $663 -2.4% | -- |
| 2021 | $679 | -- |
| 2020 | -- | $5,831 +12.9% |
| 2019 | -- | $5,164 +4.9% |
| 2018 | -- | $4,922 |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | $5,245 -8.2% |
| 2008 | -- | $5,716 |
| 2007 | -- | $5,716 +2.9% |
| 2006 | -- | $5,555 +9% |
| 2005 | -- | $5,095 +3% |
| 2004 | -- | $4,946 |
| 2003 | -- | $4,946 +64.8% |
| 2002 | -- | $3,002 +16.5% |
| 2000 | -- | $2,577 |
Find assessor info on the county website
Climate risks
Neighborhood: Stanley-Aley
Nearby schools
Schools provided by the listing agent
- Elementary: Woodman
- Middle: Hamilton
- High: West
Source: SCKMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
