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.
Active
$1,700,000
4415 E Lincoln St, Wichita, KS 67218
--beds
--baths
19,848sqft
Duplex
Built in 1941
-- sqft lot
$-- Zestimate®
$86/sqft
$-- HOA
What's special
- 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
| Year | Property taxes | Tax 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
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Neighborhood: Hilltop
Nearby schools
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.
