KS > Wichita > Mathewsons 4Th Addition
Wichita, KS 67214,223 N Mathewson Ave
Wichita, KS 67214,223 N Mathewson Ave
Wichita, KS 67214,223 N Mathewson Ave
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Larry Hall

Larry Hall

+1(316) 212-0817
Listed by Terra Honey • Coldwell Banker Plaza Real Estate
$622,000
Est. payment /mo
5,317 SqFt
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Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,317 sqft

Price per Sqft $116

Subdivision Mathewsons 4Th Addition

MLS Listing ID SCK666652

Style Converted House

Total Fin. Sqft 5317

Year Built 1920

Annual Tax Amount $6,471

Tax Year 2025

Lot Dimensions 25600

Property Sub-Type Other

Source sckansas

Property Description

Airbnb Investment Portfolio in Wichita's Central Business District with an 8% cap rate! An exceptional opportunity to acquire a fully operational, turnkey investment portfolio located just blocks from Wichita's vibrant Old Town District and within the zoned Central Business District—a prime area for both short- and long-term rental demand. This diversified portfolio offers immediate cash flow through a strategic mix of long-term rentals and high-performing, low-vacancy Airbnb properties. Airbnb guests stay here to go to The Wave, Music Theater of Wichita, Intrust Bank Arena, Old Town, Design District, Medical stays, traveling medical providers and even for family reunions! The flagship asset is a one-of-a-kind, purpose-designed “Speakeasy”-themed Airbnb, featuring multiple bedrooms and immersive design elements that consistently attract strong bookings and premium nightly rates. Adding further value, an adjacent undeveloped lot is included with this property, presenting a rare opportunity for future expansion, additional units, or creative development within the CBD zoning. Supporting the flagship property are three detached “tiny home” Airbnb units (professionally converted garages), each operating successfully as short-term rentals. One unit stands out with a custom bait-shop theme, offering a memorable guest experience that drives excellent reviews and repeat bookings. The portfolio also includes a large divided Victorian home, providing multiple income streams, along with a bungalow that can be operated as two separate Airbnb units or rented as a single residence, offering flexibility to adapt to market demand. With strong historical performance, a prime central location, creative design appeal, and future development potential already in place, this offering represents a rare opportunity to acquire an established, income-producing portfolio with day-one revenue and long-term upside.

Location

State KS

County Sedgwick

Direction Washington and 1st St east to Mathewson north to house

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Cooling Electric, Window Unit(s)

Flooring Carpet, Concrete, Wood

Fireplace No

Appliance Dishwasher, Disposal, Range, Refrigerator, Washer, Dryer

Heat Source Natural Gas, Forced Air

Exterior

Garage Description On Street, Off Street

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Composition

Total Parking Spaces 6

Building

Architectural Style Converted House

Structure Type Frame

Schools

Elementary Schools Washington

Middle Schools Robinson

High Schools East

School District Wichita School District (Usd 259)

Others

Security Features Fenced

Financing Conventional

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A Few Words From Past Clients

Larry worked with us to both sell our home and buy a new home. He went above and beyond throughout the entire process and helped us get into our dream home! Can’t recommend him highly enough!

Randy

My last home buying experience was easy quick and painless thanks to Larry Hall of the L+H Realty. He worked with us on our schedule and was always easy to get in contact with. He always kept us in the know and stayed on top of the seller. I would highly recommend him to anyone!

Nate

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Larry Hall

Larry Hall

+1(316) 212-0817

Agent | SPSP00236074

Agent SPSP00236074

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