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703 S Hydraulic Wichita, KS 67211
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Key Details
Sold Price $334,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,966 sqft
Price per Sqft $170
Subdivision Burrs 2Nd
MLS Listing ID SCK671337
Sold Date 10/23/26
Style Side by Side
Total Fin. Sqft 1966
Year Built 1945
Annual Tax Amount $2,614
Tax Year 2025
Lot Dimensions 7144
Property Sub-Type Duplex
Source sckansas
Property Description
703–709 S Hydraulic St is a fully occupied four-unit multifamily investment generating immediate rental income with additional upside built in. Current rents total approximately $3,616 per month, with a clear path toward approximately $3,800 per month as leases naturally turn over, creating nearly $45,600 in projected annual gross income. If you're looking for a buy-and-hold property that produces cash flow from day one instead of becoming your next renovation project, this is the opportunity you've been waiting for. Major capital improvements have already been completed, including a new roof, new siding, new concrete work, luxury vinyl flooring throughout all four units, updated toilets and vanities, new kitchen sinks, and mostly new appliances, allowing you to focus on ownership instead of deferred maintenance. Each duplex offers two spacious 2 bedroom, 1 bathroom units with all living areas on the main floor, bedrooms upstairs, and full unfinished basements providing laundry hookups, mechanicals, and abundant storage. These larger floor plans continue to attract quality tenants and encourage longer-term occupancy, helping reduce turnover over time. Tenants pay gas and electric while ownership covers water, trash, and lawn care, creating a simple and predictable operating structure. Located just minutes from downtown Wichita, Old Town, and Kellogg, this property sits in a well-established rental corridor with consistent demand and convenient access throughout the city. Occupied units may be viewed with proof of funds or pre-approval. For investors seeking immediate cash flow, completed capital improvements, and a four-unit property positioned for long-term appreciation, 703–709 S Hydraulic St deserves a closer look. Please do not trespass or disturb tenants.
Location
State KS
County Sedgwick
Direction Hydraulic & Lincoln - North on Hydraulic to address
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Electric
Fireplace No
Appliance Dishwasher, Disposal
Heat Source Forced Air, Natural Gas
Exterior
Garage Description 2 per Unit
Utilities Available Natural Gas Available, Sewer Available
View Y/N Yes
Roof Type Composition
Total Parking Spaces 8
Building
Unit Features [{\"UnitTypeActualRent\":850,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK671337Group_1\"},{\"UnitTypeActualRent\":850,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK671337Group_2\"},{\"UnitTypeActualRent\":850,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK671337Group_3\"},{\"UnitTypeActualRent\":850,\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"2 Bedroom\",\"UnitTypeKey\":\"SCK671337Group_4\"}]
Architectural Style Side by Side
Structure Type Vinyl Siding
Schools
Elementary Schools Washington
Middle Schools Mead
High Schools East
School District Wichita School District (Usd 259)
Others
Security Features Fenced,Smoke Detector(s)
Financing Conventional
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