3000 W Kellogg Dr, Wichita, KS 67213-2204
Local realty services provided by:Better Homes and Gardens Real Estate Wostal Realty
3000 W Kellogg Dr,Wichita, KS 67213-2204
$4,250,000
- - Beds
- - Baths
- 18,824 sq. ft.
- Multi-family
- Active
Listed by: ridge estes
Office: red cedar land company
MLS#:673420
Source:South Central Kansas MLS
Price summary
- Price:$4,250,000
- Price per sq. ft.:$225.78
About this home
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....
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Home facts
- Year built:1963
- Listing ID #:673420
- Added:1 day(s) ago
- Updated:May 21, 2026 at 10:45 PM
Rooms and interior
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Basement:Yes
- Living area:18,824 sq. ft.
Structure and exterior
- Year built:1963
- Building area:18,824 sq. ft.
Schools
- High school:West
- Middle school:Marshall
- Elementary school:Lawrence
Utilities
- Water:Public
- Sewer:Sewer Available
Finances and disclosures
- Price:$4,250,000
- Price per sq. ft.:$225.78
- Tax amount:$21,568 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Refrigerator
Parking
- Total parking spaces:120
- Parking description:1 1/2 per Unit
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