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Steve Wilbur

steve@stevewilbur.com +1(316) 655-6455

Listed by Ridge S Estes • Red Cedar Land Company

$ 4,250,000

Est. payment | -/mo

18,824 SqFt

Save

$ 4,250,000

Est. payment | -/mo

Save

18,824 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,824 sqft

Price per Sqft $225

MLS Listing ID SCK673420

Style Other

Total Fin. Sqft 18824

Year Built 1963

Annual Tax Amount $21,568

Tax Year 2025

Lot Dimensions 117612

Property Sub-Type Multi Family

Source sckansas

Property Description

3000 W Kellogg Dr | Wichita, KS Lofts by Viewpoint | Institutional-Quality Multifamily with Expansion Potential 98% occupied 28-unit multifamily asset, fully rebuilt to exceed modern standards, now encompassing approximately 2.7± acres with newly acquired land—strategically positioned along Kellogg adjacent to Newman University and Friends University. Positioned along Wichita's primary corridor, this fully redeveloped asset offers a compelling combination of stable in-place income and future development upside. The property has been completely renovated from the ground up, featuring premium materials, modern systems, and institutional-grade security throughout—delivering true “like-new” construction quality without the risk of new development. The asset consists of 28 upgraded residential units plus additional office space, operating at 98% occupancy for 12+ months and generating approximately $292K in NOI, providing immediate and reliable cash flow. Expansion Opportunity Ownership has recently acquired an additional 0.81 acres, bringing the total site to approximately 2.7± acres. This expanded footprint creates a clear path for future development. Preliminary planning indicates the potential to add: 60 One-Bed Units 48 Two-Bed Units At current market rents, the expansion could generate $1.5M+ in additional annual revenue, positioning the property as a potential 136-unit multifamily project at full build-out. Investment Highlights 28-unit multifamily asset + office space 98% occupancy (12+ months stabilized) ~$292K NOI with strong in-place cash flow Fully rebuilt to exceed modern building standards Total site: ~2.7± acres (including newly acquired land) Significant expansion and development potential Prime frontage along US-54/Kellogg corridor Direct adjacency to Newman University & Friends University Property Features Institutional-grade security: fob access, fingerprint entry, full camera coverage Tenant-paid utilities with additional laundry income streams Ample on-site parking and efficient layout Designed for operational efficiency and tenant retention Investment Summary 3000 W Kellogg presents a rare opportunity to acquire a stabilized, income-producing asset with immediate scale potential. With proven performance, premium construction, and newly expanded land control, investors benefit from both current cash flow and a defined path to long-term value creation in a high-demand location. Detailed financials and supporting documentation will be made available to pre-qualified buyers upon request.

Location

State KS

County Sedgwick

Direction 3000 W Kellogg Dr. Wichita, KS 67213

Rooms

Basement Lower Level

Interior

Heating Other

Cooling Other

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator

Heat Source Other

Exterior

Garage Description 1 1/2 per Unit

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Other

Total Parking Spaces 120

Building

Architectural Style Other

Structure Type Brick

Schools

Elementary Schools Lawrence

Middle Schools Marshall

High Schools West

School District Wichita School District (Usd 259)

Others

Financing Conventional

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(316) 655-6455

steve@stevewilbur.com

3234 E Douglas Ave, Wichita, KS, 67208, USA

Learn More About LPT Realty

3000 W Kellogg Dr Wichita, KS 67213-2204