2023 Duplex Portfolio with Package
3212-3244 S Victoria Ave Wichita, KS 67216
3212-3244 S Victoria Ave, Wichita, KS, 67216
$1,799,000
For Sale
$1,799,000
MULTI_FAMILY - Wichita, KS
Property Size15,237 SF
Lot Size42,366.00 Acres
Price / SF$118.07
Days on Market181
Property Features for 3212-3244 S Victoria Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking
- 18
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 21209-00131831
- Size
- 15,237 SF
- Lot size
- 42,366.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BLOCK 16 EXC S 200 FT W 144 FT & EXC E 459.5 FT & EXC N 120 FT THEREOF RAINBOW FIRST ADDITION
- Tax Annual Amount
- 18825
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Number of units
- 18
- Building materials
- Frame
- Roof type
- Composition
Listing agency
McCurdy Real Estate & Auction, LLC
(316) 867-3600
Listed by
Braden McCurdy · License #BR00052737
(316) 683-0612
Added: Jan 21 Updated: Jul 18 at 3:06AM Checked: Jul 21 at 9:06AM
MLS# 667319
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 package sale includes nine duplex buildings containing 18 total units, all on a single parcel under one legal description. Constructed in 2023, each duplex is designed as two-story living with one upstairs unit and one downstairs unit. Every unit is configured as a 2-bedroom, 1-bath residence with an open floor plan and modern interior finishes. Kitchens are equipped with a refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. The property also features a site sprinkler system and separately metered electric services, supported by a single 2-inch water meter. Each unit provides one paved parking space, with additional street parking available.
The property is located at 3212-3244 S Victoria Ave in Wichita, Kansas (Sedgwick County). The seller reports there are currently four vacant units, and the stated unit numbers are 3216/#200, 3224/#100, 3228/#100, and 3240/#200. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. The seller also reports an insurance expense of $13,562.16 per year across all buildings, and a written agreement with the adjoining property owner to share future fence maintenance expenses.
For tenants seeking turnkey, contemporary layouts, the combination of newer construction and consistent unit design is intended to support straightforward day-to-day operations. For buyers, the portfolio is presented as self-managed by internal staff and includes the opportunity to expand on the lot, with room to add additional duplexes if desired. Buyers and their agents should verify all information and confirm details relevant to their underwriting and due diligence.
The property is located at 3212-3244 S Victoria Ave in Wichita, Kansas (Sedgwick County). The seller reports there are currently four vacant units, and the stated unit numbers are 3216/#200, 3224/#100, 3228/#100, and 3240/#200. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. The seller also reports an insurance expense of $13,562.16 per year across all buildings, and a written agreement with the adjoining property owner to share future fence maintenance expenses.
For tenants seeking turnkey, contemporary layouts, the combination of newer construction and consistent unit design is intended to support straightforward day-to-day operations. For buyers, the portfolio is presented as self-managed by internal staff and includes the opportunity to expand on the lot, with room to add additional duplexes if desired. Buyers and their agents should verify all information and confirm details relevant to their underwriting and due diligence.
Key Highlights
- Newer construction multifamily portfolio: 9 duplex buildings (18 total units) on a single parcel with one legal description
- Built in 2023; each duplex has 1,696 SF finished living area (848 SF per unit) with two‑story layouts
- All 18 units are 2‑bedroom, 1‑bath with open floor plans; kitchens include refrigerator, range/oven, dishwasher, and microwave
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $12.60 |
| − Vacancy | −$12.5k | −$0.82 |
| EGI | $179.5k | $11.78 |
| − OpEx | −$53.9k | −$3.53 |
| NOI | $125.7k | $8.25 |
15,237 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.09M
NOI $125,655 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,891 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,091 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Nine 2023 duplexes on one parcel offer modern two-story layouts with in-unit laundry hookups and separate electric metering.
Where is this duplex located?
The property is located at 3212-3244 S Victoria Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Newer construction multifamily portfolio: 9 duplex buildings (18 total units) on a single parcel with one legal description; Built in 2023; each duplex has 1,696 SF finished living area (848 SF per unit) with two‑story layouts; All 18 units are 2‑bedroom, 1‑bath with open floor plans; kitchens include refrigerator, range/oven, dishwasher, and microwave
