Wichita State University College Area Investment LOT Sale
More property details
Location
Duplex Student Housing Adjacent to Wichita State University.
This rare 1.52-acre assemblage of 8 contiguous lots offers a prime opportunity to develop much-needed student housing directly next to WSU. Located at the signalized corner of 17th & Hillside, the site provides excellent visibility, walkability, and direct campus access—ideal for duplex-style student living.
Highlights:
•Strong Demand: WSU reached a record 23,806 students in Fall 2024, with continued growth expected. Limited on- and near-campus housing fuels high demand for quality, walkable off-campus options.
•Prime Location: Adjacent to campus and within walking distance of classrooms, labs, athletic facilities, and the expanding University Village innovation corridor.
•Flexible Development: 1.52 acres across 8 platted lots with B – Multi-Family / Two-Family zoning suited for duplex construction.
•Expansion Potential: WSU owns 4 nearby lots that could be added through a 100-year ground lease, expanding the overall project footprint.
•Investment Advantages: Located in a federal Opportunity Zone, within WSU’s 10-year University Village master plan, and open to partnership or joint development opportunities.
- Concept Site Outline – Duplex Student Housing at WSU.
- The proposed 1.52-acre site, with an optional 0.40–0.50-acre WSU ground lease, offers up to 2.0 acres directly next to Wichita State University. Zoned B – Multi-Family / Two-Family, it supports duplex or small-scale multifamily development. The project could accommodate 12–15 duplexes (24–30 units) on the private land alone, or up to 16–20 duplexes (32–40 units) with the WSU lots included.
- Each duplex would feature 2–3 bedrooms and 2 baths (about 1,100–1,300 SF), appealing to students seeking modern, independent housing near campus. Parking would allow roughly 40–50 spaces total.
- At projected rents of $500–$600 per bedroom, expected gross revenue ranges from $350K–$500K for the 1.52-acre site, and up to $700K+ with the WSU expansion. Located in a federal Opportunity Zone, the project combines strong demand, prime walkability, and long-term growth potential.