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1701 S Roosevelt St - Roosevelt Duplexes 16 Unit Apartment Building Offered at $1,360,000 at a 7.72% Cap Rate Wichita, KS 67218
Investment Highlights
- 16-Unit Multifamily Portfolio located adjacent on the same block
- Well Located - Close proximity to retail, employers, schools, parks, and highways
- Renovations made throughout the property including: New Roofs, Windows, Flooring along with Kitchen and Bathroom Remodels
- Strong Historical Occupancy - Currently 100% Occupied
Executive Summary
1701 S Roosevelt St is a well-maintained 16-unit multifamily property situated in a high-demand rental corridor of Wichita. The complex features a desirable unit mix and consistently strong occupancy, supported by its proximity to major employers, retail centers, schools, parks, and key transportation routes. With stable cash flow, proven tenant demand, and value-add potential through rent growth or light renovations, this asset presents an excellent opportunity for both seasoned and new investors.
Located just south of downtown Wichita, 1701 S Roosevelt St offers convenient access to major thoroughfares including I-135 and US-54. The property is surrounded by a mix of residential neighborhoods, national retailers, schools, and community parks, making it an attractive choice for tenants. Its central location provides quick commutes to major employment hubs such as Spirit AeroSystems, McConnell Air Force Base, and downtown Wichita’s business district.
Located just south of downtown Wichita, 1701 S Roosevelt St offers convenient access to major thoroughfares including I-135 and US-54. The property is surrounded by a mix of residential neighborhoods, national retailers, schools, and community parks, making it an attractive choice for tenants. Its central location provides quick commutes to major employment hubs such as Spirit AeroSystems, McConnell Air Force Base, and downtown Wichita’s business district.
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Property Facts
| Price | $1,360,000 | Building Class | C |
| Price Per Unit | $85,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 11,200 SF |
| Cap Rate | 7.72% | No. Stories | 1 |
| No. Units | 16 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | TF-3 | ||
| Price | $1,360,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| No. Units | 16 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,200 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
| Zoning | TF-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 700 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 127-35-0-21-05-001.00H | Improvements Assessment | $3,105 |
| Land Assessment | $2,289 | Total Assessment | $5,394 |
Property Taxes
Parcel Number
127-35-0-21-05-001.00H
Land Assessment
$2,289
Improvements Assessment
$3,105
Total Assessment
$5,394
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1701 S Roosevelt St - Roosevelt Duplexes
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