- For Sale $7,000,000
- Property Type Multi-Family
- Property Size 91,162 SF
- Units 158
- Year Built 1940
- Date Updated Nov 11, 2026
Description
Central Park benefits from its infill location immediately northeast of Downtown Wichita, providing residents with convenient access to many of the city's major employment, healthcare, educational and entertainment destinations. The property's collection of smaller residential buildings provides a lower-density residential setting while maintaining close proximity to Wichita's urban core.The property consists of 158 units in 46 buildings; 18 studio units (384 square feet each), 98 one-bedroom/one-bath units (500 square feet each), 18 two-bedroom/one-bath units (625 square feet each), 13 three-bedroom/one-bath units (1,000 square feet each) and 11 three-bedroom/two-bath units (1,000 square feet each).
Each recently renovated unit includes a refrigerator, range and over, garbage disposal, ceiling fans, vinyl and/or laminate flooring, heating, and a wall-mounted AC.
Highlights
- 158 units across 46 buildings
- Diverse mix: studio through three-bedroom
- Infill location 0.5 mi from Downtown & Old Town
- In-place rents below current asking rents
- Minutes to St. Francis & Wesley medical centers
- Renovated duplexes, triplexes & fourplexes
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Contacts
Trent Garman
NAI Martens
Location
Located at 1516 E. 3rd St., Wichita, KS 67214, Wichita, KS 67220, this property is part of the Mathewson neighborhood and Wichita market.
Contact Listing Broker
Trent Garman
NAI Martens