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4,000 sqft

$450,000

1836-1838 S Lorraine Ave, Wichita KS, 67211

Price per sqft$112.50
Built in1958
Property size4,000 sqft
Property typeMulti-family
Listed by with Berkshire Hathaway PenFed Realty Listing Contact:

Overview

Active

Listed Oct 27, 2026

Updated 4 days ago

Welcome to the charm of the 1950s with this beautifully updated four-unit investment property, offering the perfect combination of classic character, modern improvements, and income-producing potential! Featuring two spacious 2-bedroom units and two 3-bedroom units, this property presents an exceptional opportunity for investors or owner-occupants looking to live in one unit while generating rental income from the remaining three. Extensive improvements throughout the property include new 26-gauge metal roofs on all structures, fresh exterior and interior paint, updated plumbing and electrical in multiple areas, granite countertops, and new appliances in all four units. Beautiful original hardwood floors preserve the timeless character of these homes while complementing the modern renovations. Each unit enjoys the convenience of its own private garage, complete with dusk-to-dawn exterior lighting. Two separate shared laundry rooms serve the property, with each laundry room conveniently accessible to a pair of units. Additional highlights include a spacious driveway, backyard access, and a desirable location offering easy connectivity to major highway systems, shopping, dining, and everyday conveniences. Currently, three of the four units are occupied, generating $32,340 in annual gross rental income, with the potential to generate $42,660 annually at full occupancy. The vacant unit provides immediate flexibility for an owner-occupant or the opportunity to secure an additional tenant and maximize rental income. With substantial capital improvements already completed, a desirable unit mix, individual garages, and strong income potential, this is a fantastic opportunity to acquire a thoughtfully updated four-unit property with lasting appeal and investment potential!

$2,994/mo

Est. mortgage payment based on a $450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$3,718
Tax Frequency
Annually
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Listings courtesy of South Central Kansas MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nancy Jo Statton shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 4:29 AM UTC on 10/29/2026. 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.

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