New Ranch Duplex with
For Sale
$244,900
2144 E Elk Ridge Ave, Goddard, KS 67052
Residential, Goddard, KS
Property Size1,456 SF
Lot Size0.26 Acres
Price / SF$168.20
Days on Market255
Property Features for 2144 E Elk Ridge Ave
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 3, Kitchen, Bedroom 1, Bathroom 2, Bedroom 2
Window features
Storm Window(s)
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s)
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
Bridger at Maple Addition - Pine View Village
Lot features
Standard
Elementary school
Explorer
Middle school
Eisenhower
High school
Dwight D. Eisenhower
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
Starting on US 54 West, go North on 167th St, West on Maple St and North on Spring Hill, W on Elk Ridge Ave.
Standard status
Active
APN
30022894
Size
1,456 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLOCK C BRIDGER AT MAPLE ADDITION
Tax Annual Amount
2
HOA Fee
$1,500 Annually
Legal Description
LOT 3 BLOCK C BRIDGER AT MAPLE ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
2025
Floors in Building
1
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Added: Dec 22, 2025
Changed: Sep 2
Last Checked: Sep 3 at 1:06AM
MLS# 666250
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex in Goddard presents two ranch-style residences, each designed with 3 bedrooms, 2 bathrooms, and a 2-car garage. Each unit measures 1,456 square feet and includes an open living area with vaulted ceilings, LVT flooring, a kitchen with white quartz countertops, stainless steel appliances, pantry storage, and a large eating bar. Primary suites offer walk-in closets and bathrooms with double vanities. Fenced and landscaped yards, back patios, zero-step entry, and irrigation add practical residential features.
The property is located at 2144 E Elk Ridge Ave in Goddard, within Sedgwick County. Community plans include a future clubhouse with basement, pool, stocked lake, and walking paths. The HOA is also identified as providing mowing, trash service, irrigation, and community amenities. Construction is associated with a 2025 year built designation, and the property is heated by forced air with natural gas and cooled by central air.
The property is located at 2144 E Elk Ridge Ave in Goddard, within Sedgwick County. Community plans include a future clubhouse with basement, pool, stocked lake, and walking paths. The HOA is also identified as providing mowing, trash service, irrigation, and community amenities. Construction is associated with a 2025 year built designation, and the property is heated by forced air with natural gas and cooled by central air.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 bathrooms, and a 2‑car garage per unit
- Each unit offers 1,456 square feet of living area
- Under construction with a 2025 year built designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,174
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,480
$243.5K
Cap Rate 7%
$173,914
$173.9K
Cap Rate 9%
$135,267
$135.3K
Market Conditions
NOI Build-Up for 1,456 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.3K $12.60/SF
− Vacancy
−$954 −$0.66/SF
EGI
$17.4K $11.94/SF
− OpEx
−$5.2K −$3.58/SF
NOI
$12.2K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,480
Cap Rate 7%
$173,914
Cap Rate 9%
$135,267
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,174 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$160.4K
$140.4K – $187.2K
NOI $11,229 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$303.5K
$265.5K – $354.1K
NOI $21,243 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 67052, KS
8,977
Population
3,081
Households
2.9
Avg Household Size
36
Median Age
39%
College-Educated
98%
High-School Grad
51.8 sq mi
ZIP Area
173
Density / Sq Mi
$104,044
Median Household Income
$48,428
Median Earnings
$1,372
Median Rent
$253,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with updated layouts, fenced yards, and planned community amenities.
Where is this duplex located?
The property is located at 2144 E Elk Ridge Ave Goddard, KS.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms, 2 bathrooms, and a 2‑car garage per unit; Each unit offers 1,456 square feet of living area; Under construction with a 2025 year built designation
