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  • $1,700,000

    4415 E Lincoln St, Wichita, KS 67218

    --beds
    --baths
    19,848sqft
    : 
    $11,528/mo
    Get pre-qualified
    Duplex
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $86/sqft
    $-- HOA

    What's special

    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.
    44 days
    129
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Ridge Estes 620-518-0838,

    Red Cedar Land Company

    Source: SCKMLS as distributed by MLS GRID,MLS#: 677932

      Facts & features

      Interior

      Heating
      • Electric
      Cooling
      • Multi Units
      Appliances
      • Included: Dishwasher, Range, Refrigerator
      Features
      • Flooring: Other
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total interior livable area: 19,848 sqft

      Property

      Parking
      • Total spaces: 30
      • Parking features: 2 per Unit, Paved
      Details
      • Parcel number: 00175313, 00175314, 00175315, 00175320, 00175319,

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Duplex
      Materials
      • Concrete, Vinyl Siding
      • Roof: Composition
      Condition
      • Year built: 1941

      Utilities & green energy

      • Water: Public
      • Utilities for property: Sewer Available

      Community & HOA

      Community
      • Security: Security Fence
      • Subdivision: HILLTOP MANOR SUBDIVISION
      HOA
      • Has HOA: No
      Location
      • Region: Wichita

      Financial & listing details

      • Price per square foot: $86/sqft
      • Tax assessed value: $18,900
      • Annual tax amount: $1,064
      • Date on market: 8/22/2026
      • Cumulative days on market: 70 days
      • Ownership: Corporate
      • Tenant pays: Electricity, Trash Collection, Water/Sewer

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $974/mo

        Price history

        Price history is unavailable.

        Public tax history

        YearProperty taxesTax assessment
        2025$210 +3.2%$2,174 +6.2%
        2024$203 +3%$2,048 +7.9%
        2023$197 +23.8%$1,898
        2022$159 -0.3%--
        2021$160 --
        2020-- $1,500
        2019-- $1,500 -13.1%
        2018-- $1,726
        2017-- --
        2016-- --
        2015-- --
        2014-- --
        2013-- --
        2012-- --
        2011-- $2,846 -2.2%
        2008-- $2,910
        2007-- $2,910 +10%
        2006-- $2,645
        2005-- $2,645 +18.6%
        2004-- $2,231 +3.2%
        2003-- $2,162 0%
        2002-- $2,163 +2.8%
        2000-- $2,105
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Hilltop

        Getting around

        64 / 100
        Somewhat Walkable
        28 / 100
        Some Transit
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Jefferson
        • Middle: Curtis
        • High: Southeast

        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.

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