Homes for sale - 223 N Mathewson Ave, Wichita, KS 67214

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Justus Kidd

justus.cornerstone@yahoo.com +1(316) 390-2120

Listed by Terra Honey • Coldwell Banker Plaza Real Estate

$ 622,000

Est. payment | -/mo

5,317 SqFt

Save

$ 622,000

Est. payment | -/mo

Save

5,317 SqFt

Key Details

Property Type Commercial

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

SCHOOLSPROPERTIES

Elementary Schools 20

6

Riverside Leadership Magnet Elementary School

Public | PK - 5
5

College Hill Elementary School

Public | PK - 5
4

Franklin Elementary School

Public | PK - 5
4

Stanley Elementary School

Public | PK - 5
4

Park Elementary School

Public | PK - 5
4

Linwood Elementary School

Public | PK - 5
4

Griffith Elementary School

Public | PK - 5
4

Hyde International Studies/Commun Elementary Magnet

Public | PK - 5
3

Woodland Health / Wellness Magnet Elementary School

Public | PK - 5
3

Learning² Eschool of Wichita

Public | KG - 12
3

Horace Mann Dual Language Magnet

Public | PK - 8
3

Mueller Aerospace/Engineering Discovery Magne

Public | PK - 5
2

Woodman Elementary School

Public | PK - 5
2

Cloud Elementary School

Public | PK - 5
2

L'Ouverture Computer Technology Magnet

Public | PK - 5
2

Gardiner Elementary School

Public | PK - 5
2

Spaght Multimedia Magnet

Public | PK - 5
2

Jefferson Elementary School

Public | PK - 5
2

Adams Elementary School

Public | PK - 5
1

Harry Street Elementary School

Public | PK - 5

Middle Schools 6

6

Allison Traditional Magnet Middle School

Public | 6 - 8
6

Robinson Middle School

Public | 6 - 8
4

Marshall Middle School

Public | 6 - 8
2

Mead Middle School

Public | 6 - 8
1

Truesdell Middle School

Public | 6 - 8
1

Hamilton Middle School

Public | 6 - 8

High Schools 6

3

East High School

Public | 9 - 12
1

West High School

Public | 9 - 12
1

North High School

Public | 9 - 12
0

Chisholm Life Skills Center

Public | 10 - 12
0

Metro Blvd Alternative High School

Public | 9 - 12
0

Wichita Learning Center

Public | 12 - 12

School and business data provided by Attom Data.

223 N Mathewson Ave Wichita, KS 67214