420 S Meridian Ave, Wichita, KS 67213 (MLS # 654740)
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Incredible Investment Opportunity - 12-Unit Apartment Building + New Construction Duplex Near Major Universities A rare chance to acquire a high-quality multifamily investment featuring a 12-unit apartment building and a newly constructed duplex, both ideally situated near two major universities, with excellent access to downtown and major highways. 420 Meridian - 12-Unit Apartment Building This well-maintained complex includes twelve 2-bedroom, 1.5-bath units averaging 1,000 sq ft, each with private patios or decks. Significant recent upgrades include: All-new furnaces and central A/C units installed in 2024 (12 total) 7 of 12 units extensively remodeled with: New flooring and updated kitchens (quartz countertops, tile, modern appliances) Bathroom upgrades including new tile, vanities, and fixtures Washer/dryer hookups in 6 units Roofs replaced approximately 4 years ago Exterior paint completed 3 years ago New concrete HVAC pads in 2024 502/504 S Meridian - New Construction Duplex (Built 2023) Located just across the street, this duplex adds newer construction value and contemporary appeal: Two 3-bedroom, 2-bath units with quality finishes throughout Detached 2-car garage, divided for privacy"”one garage space per unit Expanded driveway for better access and increased parking This package combines recent renovations, new systems, and long-term location value"”ideal for investors seeking low maintenance and strong tenant demand.
| DAYS ON MARKET | 3 | LAST UPDATED | 5/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1977 | COMMUNITY | SCKMLS |
| COUNTY | Sedgwick | STATUS | Active |
| PROPERTY TYPE(S) | Single Family, Single Family |
| Elementary School | Franklin |
|---|---|
| Jr. High School | Hadley |
| High School | West |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Range, Refrigerator |
| AREA | SCKMLS |
| BASEMENT | Finished, Yes |
| CONSTRUCTION | Frame |
| HEAT | Natural Gas |
| LOT | 22216 acre(s) |
| PARKING | Paved, Detached |
| STYLE | Garden |
| TAXES | 9572 |
| UTILITIES | Natural Gas Available, Sewer Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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