For sale

$900,000

1646 S Fern St, Wichita, KS 67213

--beds

--baths

9,936sqft

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Multi Family

Built in 1980

-- sqft lot

$836,900 Zestimate^®

$91/sqft

$-- HOA

What's special

Ample street parkingThree well-maintained four-plex buildings

High-Yield 8.33% CAP Rate - Fully Leased 12-Unit Portfolio Maximize your ROI with this turnkey 12-unit multifamily portfolio. Comprised of three well-maintained four-plex buildings on a single parcel, this property offers an exceptional 8.33% CAP rate at the $900,000 asking price. Stable Income: 100% occupancy with an annual Net income of $75,000. Tenant Demand: All units are high-demand 2-bedroom, 1-bathroom layouts. Convenience: On-site parking (1 space/unit) plus ample street parking. Low Vacancy Risk: Diversified across three buildings, providing a resilient income stream with rents currently ranging from $675-$750/month. Perfect for the seasoned investor looking for immediate cash flow or a 1031 exchange. Don't miss this rare opportunity to acquire a high-performing asset in a steady rental market.

120 days

83

5

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Facts & features

Interior

Heating

Forced Air, Natural Gas

Appliances

Included: Dishwasher, Refrigerator

Features

Has basement: No

Interior area

Total structure area: 9,936
Total interior livable area: 9,936 sqft

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Year built: 1980

Community & HOA

Location

Region: Wichita

Financial & listing details

Price per square foot: $91/sqft
Date on market: 3/3/2026
Lease term: Contact For Details

Estimated market value

$836,900

$795,000 - $879,000

$859/mo

Price history

Date	Event	Price
3/3/2026	Listed for sale	$900,000$91/sqft
Source: BHHS broker feed #669023 Report a problem
4/30/2019	Sold	--
Source: SCKMLS as distributed by MLS GRID #562214 Report a problem
2/6/2019	Listed for sale	--
Source: McCurdy Auction, LLC #562214 Report a problem
1/30/2019	Listing removed	$525
Source: highbridge management Report a problem
1/4/2019	Price change	$525+10.5%
Source: highbridge management Report a problem
11/26/2018	Listed for rent	$475
Source: highbridge management Report a problem
8/10/2018	Listing removed	$475
Source: highbridge management Report a problem
6/30/2017	Listed for rent	$475
Source: Highbridge Management Report a problem
9/1/2015	Listing removed	$475
Source: Highbridge Management Report a problem
8/7/2015	Price change	$475+5.6%
Source: Highbridge Management Report a problem
3/3/2015	Listed for rent	$450
Source: Highbridge Management Report a problem

Public tax history

Tax history is unavailable.

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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