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Sold-co-op w/mbr
  • Price Unknown

    542-544 S Paula Ave, Wichita, KS 67209

    5beds
    --baths
    2,540sqft
    Duplex
    Built in 1973
    -- sqft lot
    $242,400 Zestimate®
    $--/sqft
    $964 Estimated rent

    Home value

    $242,400

    $221,000 - $267,000

    $964/mo

    Zestimate® history
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    $964/mo

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    $964/mo

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    What's special

    This turnkey, income-producing duplex presents an exceptional investment opportunity offering both immediate cash flow and long-term stability in a desirable, tenant-friendly location. The property includes two well-maintained units—one featuring 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage currently rented for $1,075 per month, and the other offering 2 bedrooms, 1.5 bathrooms, and a 1-car attached garage renting for $900 per month—together generating a strong gross annual income of $23,700. Both units are separately metered, and tenants pay all utilities, providing investors with minimal overhead and simplified management. Each unit showcases matching finishes and thoughtful layouts designed for comfort and practicality, with spacious living areas, functional kitchens, and ample natural light. Additional amenities include large private patios, privacy-fenced yards, and generous onsite parking complemented by convenient street parking options. The property’s recent upgrade—a brand-new 30-year architectural Weathered Wood roof—adds significant value and peace of mind for years to come. Well cared for and consistently occupied, this duplex combines modern appeal, low-maintenance ownership, and reliable income potential. Whether expanding an existing portfolio or stepping into your first multi-family investment, this property stands out as a smart, stable, and ready-to-perform asset in a strong Wichita rental market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shane Phillips 316-295-0696,

    Reece Nichols South Central Kansas

    Bought with:

    Kendra Steinkirchner, 00252048

    Source: SCKMLS as distributed by MLS GRID,MLS#: 663537

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Electric
    Appliances
    • Included: Disposal, Range, Refrigerator
    Features
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,540 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: More than 2 per Unit, On Street, Attached
    • Has attached garage: Yes
    Details
    • Parcel number: 1382802303004.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Frame, Vinyl Siding
    • Roof: Composition
    Condition
    • Year built: 1973

    Utilities & green energy

    • Gas: Natural Gas Available
    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available

    Community & HOA

    Community
    • Security: Security Fence
    • Subdivision: FLOYD BAILEY
    HOA
    • Has HOA: No
    Location
    • Region: Wichita

    Financial & listing details

    • Annual tax amount: $2,065
    • Date on market: 10/17/2025
    • Cumulative days on market: 4 days
    • Ownership: Individual
    • Tenant pays: Electricity, Gas, Grounds Care, Trash Collection

    Price history

    Price history is unavailable.

    Public tax history

    Tax history is unavailable.

    Neighborhood: 67209

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Benton
    • Middle: Wilbur
    • High: Northwest

    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.

    Sell for more on Zillow
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    $242,400
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    +$4,848
    With Zillow Showcase(estimated)
    $247,248