Incredible Investment Opportunity – 12-Unit Apartment Building 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 This package combines recent renovations, new systems, and long-term location value—ideal for investors seeking low maintenance and strong tenant demand.
Pending
$1,650,000
420 S Meridian Ave, Wichita, KS 67213
14beds
--baths
18,762sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$88/sqft
$-- HOA
What's special
- 40 days
- on Zillow |
- 23 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 27, 2025 at 12:23pm
Listed by:
Nela Bayouth 316-978-9777,
Reece Nichols South Central Kansas
Source: SCKMLS,MLS#: 654740
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
Heating
- Natural Gas
Cooling
- Electric
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator
Features
- Flooring: Tile, Other
- Basement: Finished
- Has fireplace: No
Interior area
- Total interior livable area: 18,762 sqft
Property
Parking
- Total spaces: 14
- Parking features: 1 per Unit, Paved, Detached
Details
- Parcel number: 1293002204005.00
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Garden
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Gas: Natural Gas Available
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Wichita
Financial & listing details
- Price per square foot: $88/sqft
- Annual tax amount: $9,572
- Date on market: 5/2/2025
- Ownership: Corporate
- Tenant pays: Electricity, Gas
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