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1836-1838 S Lorraine Ave, 
Wichita, KS 67211

$450,000


—

Bed


—

Bath


4,000

Sq Ft


Multi-Family

Active

Listed by

Shane Pullman

Berkshire Hathaway Penfed Realty

316-636-2323

Last updated:

October 30, 2026, 05:11 PM

MLS#

681055

Source:

South Central Kansas MLS

About This Home

1836-1838 S Lorraine Ave

Welcome to the charm of the 1950s with this beautifully updated four-unit investment property, offering the perfect combination of classic character, modern improvements, and income-producing potential! Featuring two spacious 2-bedroom units and two 3-bedroom units, this property presents an exceptional opportunity for investors or owner-occupants looking to live in one unit while generating rental income from the remaining three. Extensive improvements throughout the property include new 26-gauge metal roofs on all structures, fresh exterior and interior paint, updated plumbing and electrical in multiple areas, granite countertops, and new appliances in all four units. Beautiful original hardwood floors preserve the timeless character of these homes while complementing the modern renovations. Each unit enjoys the convenience of its own private garage, complete with dusk-to-dawn exterior lighting. Two separate shared laundry rooms serve the property, with each laundry room conveniently accessible to a pair of units. Additional highlights include a spacious driveway, backyard access, and a desirable location offering easy connectivity to major highway systems, shopping, dining, and everyday conveniences. Currently, three of the four units are occupied, generating $32,340 in annual gross rental income, with the potential to generate $42,660 annually at full occupancy. The vacant unit provides immediate flexibility for an owner-occupant or the opportunity to secure an additional tenant and maximize rental income. With substantial capital improvements already completed, a desirable unit mix, individual garages, and strong income potential, this is a fantastic opportunity to acquire a thoughtfully updated four-unit property with lasting appeal and investment potential!

Home Facts

Multi-Family

Built in 1958

Price Summary

450,000

$112 per Sq. Ft.

MLS #:

681055

Last Updated:

October 30, 2026, 05:11 PM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

4,000 Sq. Ft.


Structure

Structure

Architectural Style:

Side by Side

Year Built:

1958


Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$112 per Sq. Ft.

Source:South Central Kansas MLS
Copyright 2026 South Central Kansas MLS. All rights reserved. Listings courtesy of South Central Kansas as distributed by MLS GRID. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. The information being provided is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 1993-2026 South Central Kansas MLS. All rights reserved. South Central Kansas MLS Member Broker: Myron Klaassen

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.