223 N Mathewson Ave

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.