3000 West Kellogg Drive
98% Occupied | ~2.7± Acres | Expansion Potential for 100+ Additional Units
Marketing description
3000 W Kellogg Dr | Wichita, KS
BROKER & INVESTOR OPEN HOUSE: JUNE 10th, 2026 10 AM - 2 PM.
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.
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
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.
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