Listed by Joseph Hamer and Shane Phillips of Reece Nichols South Central Kansas (316-978-9777)
    703-709 S Hydraulic St is a four-unit multifamily opportunity consisting of two duplexes on one parcel, offering strong in-place income with additional upside. With all four units already leased with potential to raise all four to the current highest monthly rent of $950 per month, this property is positioned to produce approximately $3,800 per month or just under $45,600 annually once fully stabilized. As an investment, this stands out with major capital improvements already completed, including a new roof, new siding, new concrete work, new luxury vinyl flooring throughout all units, updated toilets and vanities, new kitchen sinks, and mostly new appliances. For investors looking to avoid immediate maintenance and renovation costs, the heavy lifting has already been done. Each unit offers a spacious and functional layout with all main living areas on the first floor and two bedrooms with one full bathroom upstairs. These larger unit sizes are a key advantage in this price range, helping attract and retain long-term tenants. Each unit also includes a full unfinished basement with mechanicals, laundry hookups, and significant storage space, providing additional value and future equity potential. Current ownership covers water, trash, and lawn care, while tenants pay gas and electric, creating a straightforward expense structure. Located along South Hydraulic with quick access to downtown Wichita, Old Town, and Kellogg, this property sits in a strong rental corridor with consistent demand. One vacant unit is available for showings until leased. Occupied units will be made available for viewing with with proof of funds or pre-approval letter. For investors seeking a renovated, income-producing four-unit property with strong cash-on-cash numbers and minimal immediate capital expenditure, 703-709 S Hydraulic St presents a compelling opportunity to add a high-performing asset to their portfolio. DO NOT TRESPASS OR DISTURB TENANTS.

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     Listings courtesy of South Central Kansas as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 1, 2026 3:52 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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