$1,550,000

739 N Sheridan St Wichita, KS 67203

La Placita Park Neighborhood

Estimated payment $10,144/month

Total Views 457
24 Beds
-- Bath
12,288 Sq Ft
$126 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Carpet
  • Cooling Available

About This Home

Great Investment Opportunity in Indian Hills – Stone Edge Apartments Stone Edge Apartments presents a solid value-add multifamily investment opportunity located in the desirable Indian Hills neighborhood. This well-maintained property consists of two buildings with a total of 12 one-bedroom, one-bathroom units each—24 units in total—centered around a shared parking lot with ample green space. Many units feature private patios or balconies, enhancing tenant appeal. The property offers upside potential through continued interior upgrades and rent increases. The model unit has recently been fully updated with new LVT flooring, fresh paint, modern fixtures, and new appliances. Other units vary in finish, with a mix of LVT and carpet. Sample unit photos are available. Significant capital improvements have been completed, including replacement of both main water lines to the buildings, several HVAC units, water heaters, and appliances. Rent increases have been implemented incrementally as units turn over or renew, offering continued growth in income. The property is professionally managed and maintained by Cedar Mills Property Management, with all maintenance and tenant relations current and documented. This is a turnkey opportunity for an investor seeking a stabilized asset with immediate cash flow and long-term upside.

Listing Agent

Nela Bayouth

Reece Nichols South Central Kansas License #00231481

Reece Nichols South Central Kansas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Parking

  • 24 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 24 Bedrooms
  • 12,288 Sq Ft Home
  • Carpet

Kitchen

  • Dishwasher
  • Disposal

Schools

  • Black Elementary School
  • North High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for grounds care, trash collection, water/sewer
  • Assessor Parcel Number 136-13-0-34-01-003.00A

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Building Details

  • Gross Income $181,140

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1983
  • Property Sub-Type: Multi Family
  • Co List Office Phone: 316-978-9777
  • Ownership: Corporate
  • MLS Status: Active
  • Architectural Style: Other
  • Tax Year: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Total Bedrooms: 24
  • Flooring: Carpet, Other

Exterior Features

  • Roof: Composition
  • Construction Type: Frame

Garage/Parking

  • Parking Features: 1 per Unit
  • Total Parking Spaces: 24

Utilities

  • Cooling: Electric, Heat Pump, Other
  • Heating: Forced Air, Heat Pump, Other
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Black
  • High School: North
  • Junior High Dist: Wichita School District (USD 259)
  • Middle Or Junior School: Pleasant Valley

Lot Info

  • Parcel Number: 136-13-0-34-01-003.00A

Rental Info

  • Owner Pays: Grounds Care, Trash Collection, Water/Sewer

Multi Family

  • Gross Income: 181140
  • Number Of Units Total: 24
  • Tenant Pays: Electricity

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 For Sale $1,550,000 +6.9% $126 / Sq Ft
12/15/2023 12/15/23 Sold -- -- --
10/09/2023 10/09/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $1,450,000 -- $118 / Sq Ft
Source: South Central Kansas MLS

Source: South Central Kansas MLS

MLS Number: 655362

South Central Kansas MLS

Kansas Sedgwick County Wichita 67203 La Placita Park

739 N Sheridan St, Wichita, KS

Homes for Sale in Wichita, KS

This home is located at 739 N Sheridan St, Wichita, KS 67203 and is currently priced at $1,550,000, approximately $126 per square foot. This property was built in 1983. 739 N Sheridan St is a home located in Sedgwick County with nearby schools including Black Traditional Magnet Elementary School, Hadley Middle School, and Wichita High School North.

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South Central Kansas MLS IDX information is provided exclusively for personal, non-commercial use, and 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. © 1993-2025 South Central Kansas Multiple Listing Service, Inc. All rights reserved.

Nearby Homes
Nela Bayouth
Listing Agent
Nela Bayouth
Section Image
Reece Nichols South Central Kansas
(316) 816-1769