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703 S Hydraulic , Wichita, KS 67211
$334,900
Est. Payment: $1,662.02/mo
0 Bed
0 Bath
1966 Sqft
Status: active | Days on site: 37
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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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Highlights

Listed by Joseph Hamer , 316-213-4986 and Shane Phillips , 316-295-0696 Reece Nichols South Central Kansas , 316-978-9777. South Central Kansas MLS

Property Type

Multi-Family

Year Built

1945

County

Sedgwick

Area

SCKMLS

 Neighborhood

Burrs 2Nd

 School District

Wichita School District (USD 259)

Listing ID

671337

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Appliances:Dishwasher, Disposal
Air Cond:Electric
Fireplaces:
Basement:Unfinished

Exterior Features

Roof:Composition
Principal Interest
$1,662
Taxes
$218

Home Price

$334,900

Loan Details

30 yrs
6.321%

Down Payment

20%
$66,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,662.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,662.02 $217.89 $0.00 $1,879.91
Yearly $19,944.25 $2,614.67 $0.00 $22,558.92
Total $598,327.62 $78,440.10 $0.00 $676,767.72
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Wichita, KS).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by South Central Kansas MLS, and is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed, and may not reflect all real estate activity in the market. © 1993-2026 South Central Kansas MLS. All rights reserved.

Data last updated: 2026-06-26T01:11:27.000Z

© 2026 South Central Kansas MLS