Ranch Duplex
For Sale
$189,900
Pending
3522 W Angel St., Wichita, KS 67217
Residential, Wichita, KS
Property Size1,244 SF
Lot Size0.11 Acres
Days on Market10
Property Features for 3522 W Angel St.
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Dining Room
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Window Coverings-All
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
ANGEL FIRE
Lot features
Standard
Elementary school
Prairie
Middle school
Haysville West
High school
Campus
Elementary school district
Haysville School District (USD 261)
Middle school district
Haysville School District (USD 261)
High school district
Haysville School District (USD 261)
Directions
At the intersection of West St. and 47th St. S. Go east to Angel St. and follow to duplex.
Standard status
Pending
APN
30001893
Size
1,244 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TH PT LOT 3 BEG NE COR S 125 FT W 40.07 FT N 125 FT E 40.13 FT TO POB BLOCK B ANGEL FIRE 2ND ADD
Tax Annual Amount
2361
HOA Fee
$200 Annually
Legal Description
TH PT LOT 3 BEG NE COR S 125 FT W 40.07 FT N 125 FT E 40.13 FT TO POB BLOCK B ANGEL FIRE 2ND ADD
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Amenities
fenced yard
laundry room
sprinkler system
shared irrigation well
Building Details
Year built
2023
Floors in Building
1
Building materials
Frame
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: Aug 26
Changed: Sep 2
Last Checked: Sep 4 at 5:06AM
MLS# 678144
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 1,244-square-foot side of a duplex was built in 2023 with a ranch-style layout and zero-step entry. The residence includes three bedrooms, two bathrooms, a separate laundry room, dining area, and a primary suite with a walk-in shower and large walk-in closet. Interior finishes include 9- and 10-foot ceilings, granite countertops, luxury vinyl tile flooring, and enameled white trim.
The kitchen is equipped with stainless steel GE appliances, including a range, dishwasher, built-in microwave, and refrigerator. A separate eating island and walk-in pantry add storage and workspace. Exterior features include a fully landscaped fenced yard, patio, guttering, sprinkler system, and shared irrigation well. Heating is provided by forced air with natural gas, while cooling is central air with electric service.
The kitchen is equipped with stainless steel GE appliances, including a range, dishwasher, built-in microwave, and refrigerator. A separate eating island and walk-in pantry add storage and workspace. Exterior features include a fully landscaped fenced yard, patio, guttering, sprinkler system, and shared irrigation well. Heating is provided by forced air with natural gas, while cooling is central air with electric service.
Key Highlights
- 1,244 square feet with a ranch‑style layout
- Three bedrooms, two bathrooms, and a two‑car garage
- Built in 2023 with zero‑step entry
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
$10,508
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
5.53%
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%
$210,160
$210.2K
Cap Rate 7%
$150,114
$150.1K
Cap Rate 9%
$116,756
$116.8K
Market Conditions
NOI Build-Up for 1,244 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
$20.2K $16.20/SF
− Vacancy
−$1.0K −$0.84/SF
EGI
$19.1K $15.36/SF
− OpEx
−$8.6K −$6.91/SF
NOI
$10.5K $8.45/SF
Area
ZIP 67217
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$210,160
Cap Rate 7%
$150,114
Cap Rate 9%
$116,756
Alternative Uses
Best Use
Apartment 5plus
$150.1K
$131.4K – $175.1K
NOI $10,508 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.1K
$269.6K – $359.5K
NOI $21,568 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 67217, KS
30,926
Population
13,477
Households
2.3
Avg Household Size
35
Median Age
12%
College-Educated
84%
High-School Grad
14.4 sq mi
ZIP Area
2,148
Density / Sq Mi
$54,767
Median Household Income
$37,094
Median Earnings
$1,006
Median Rent
$115,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level residence with three bedrooms, two baths, and a two-car garage.
Where is this residential income property located?
The property is located at 3522 W Angel St. Wichita, KS.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,244 square feet with a ranch‑style layout; Three bedrooms, two bathrooms, and a two‑car garage; Built in 2023 with zero‑step entry
