Fairly New Duplex Twin
For Sale
$375,000
5196 N Honeylocust, Wichita, KS 67226
MULTI_FAMILY - Other - Wichita, KS
Property Size2,400 SF
Lot Size0.26 Acres
Price / SF$156.25
Days on Market56
Property Features for 5196 N Honeylocust
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
Skyview at Block 49
Elementary school
Circle Greenwich
Middle school
Circle
High school
Circle
Elementary school district
Circle School District (USD 375)
Middle school district
Circle School District (USD 375)
High school district
Circle School District (USD 375)
Directions
From 53rd St N and Webb Rd, west to Cypress. South on Cypress, and south on Cypress St again. West on Joshua St to Honey Locust Cir.North on Honey Locust Cir to duplex.
Standard status
Active
APN
104-20-0-13-04-002.00
Size
2,400 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 BLOCK 2 SKYVIEW AT BLOCK 49 ADDITION
Tax Annual Amount
5254
HOA Fee
$1,200 Annually
Legal Description
LOT 7 BLOCK 2 SKYVIEW AT BLOCK 49 ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Electric, Multi Units
Water source
Public
Building Details
Year built
2022
Number of units
2
Building materials
Masonite
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Plaza Real Estate · Coldwell Banker Real Estate
(316) 686-7121
Listed By:
Dawn M Anaya
(316) 737-8971
Added: Jun 5
Changed: Jul 28
Last Checked: Jul 30 at 5:06PM
MLS# 674116
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 fairly new duplex/twin home offers two separate units, each with three bedrooms and two bathrooms. The layout is all on one level with no basement and no stairs. Interiors feature laminate flooring throughout, granite counters, and stainless steel kitchen appliances. Each unit includes the kitchen appliances and has access to a fenced side yard. Both units are currently occupied.
The property is located at 5196 N Honeylocust in Wichita, KS 67226 within Sedgwick County.
Each unit is rented at $1,595 per month, and the total property size is 2,400 square feet on a 0.26-acre lot.
The property is located at 5196 N Honeylocust in Wichita, KS 67226 within Sedgwick County.
Each unit is rented at $1,595 per month, and the total property size is 2,400 square feet on a 0.26-acre lot.
Key Highlights
- Fairly new 2‑unit duplex/twin home built in 2022
- Each unit features 3 bedrooms and 2 baths with everything on one level (no basement, no stairs)
- Laminate flooring throughout with granite counters and stainless steel kitchen appliances in each unit
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 | $30.2k | $12.60 |
| − Vacancy | −$2.0k | −$0.82 |
| EGI | $28.3k | $11.78 |
| − OpEx | −$8.5k | −$3.53 |
| NOI | $19.8k | $8.25 |
2,400 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,412 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$594.2K
$520.0K – $693.3K
NOI $41,597 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 67226, KS
20,767
Population
9,256
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
24.7 sq mi
ZIP Area
841
Density / Sq Mi
$88,603
Median Household Income
$49,666
Median Earnings
$1,164
Median Rent
$274,700
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 - A fairly new duplex with two 3-bedroom, 2-bath units, each with kitchen appliances and laminate flooring.
Where is this duplex located?
The property is located at 5196 N Honeylocust Wichita, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fairly new 2‑unit duplex/twin home built in 2022; Each unit features 3 bedrooms and 2 baths with everything on one level (no basement, no stairs); Laminate flooring throughout with granite counters and stainless steel kitchen appliances in each unit
