New Duplexes in Crescent
711 N Rainbow Lake Suite 100 Wichita, KS 67235
711 N Rainbow Lake Suite 100, Wichita, KS, 67235
$497,800
For Sale
$497,800
MULTI_FAMILY - Other - Wichita, KS
Property Size2,960 SF
Lot Size2,026.00 Acres
Price / SF$168.18
Days on Market157
Property Features for 711 N Rainbow Lake Suite 100
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Parking
- 4
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 30027989
- Size
- 2,960 SF
- Lot size
- 2,026.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 3 BLOCK C BRIDGER AT CENTRAL ADDITION
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
RE/MAX Premier
(316) 773-2707
2243 N Ridge Rd. Ste. 105, Wichita, KS
Listed by
Karen Hampton · License #00052101
(316) 641-9442
Added: Feb 12 Checked: Jul 19 at 10:06 pm
MLS# 668222
Listing URL
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.
These new duplexes are situated just east of 135th Street off Central, within the Crescent Creek community. The Abbington plan features a layout with three bedrooms and two bathrooms, along with a two-car garage and 1,470 square feet of living space on each side. The living room includes vaulted ceilings and a custom beam accent, with LVP flooring throughout. The kitchens are equipped with quartz countertops, a large eating bar, a walk-in pantry, and stainless steel appliances, including a stove, microwave, dishwasher, and refrigerator. The primary suite features a walk-in closet and a private bath with double vanities. Each unit has a private side patio and a 12x14 covered back patio overlooking a wooded lot, as well as a fully fenced and landscaped yard. The exterior includes a brick wainscot on the front and LP Smart Lap siding. Future community amenities for Crescent Creek residents will include a clubhouse with a basement, a swimming pool, a pickleball court, a stocked lake, and walking paths. HOA dues are $125 per month, covering lawn mowing, trash service, irrigation, and access to community amenities. Special taxes are estimated at $312 per month. The property size is 2,960 square feet and the lot size is 2,026 acres.
Key Highlights
- New duplexes (2026) in the Crescent Creek community with under‑construction status
- Abbington plan offers 3 bedrooms, 2 bathrooms, and 1,470 SF of living space per side
- Each unit includes a two‑car garage and fully fenced, landscaped yard
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 | $37.3k | $12.60 |
| − Vacancy | −$2.4k | −$0.82 |
| EGI | $34.9k | $11.78 |
| − OpEx | −$10.5k | −$3.53 |
| NOI | $24.4k | $8.25 |
2,960 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,708 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$732.9K
$641.3K – $855.1K
NOI $51,303 @ 7.0% cap · market cap 10.31%
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 - Desirable duplexes with modern amenities in Wichita's Crescent Creek.
Where is this duplex located?
The property is located at 711 N Rainbow Lake Suite 100 Wichita, KS.
What is the asking price?
The asking price for this property is $497,800.
What are key features of this property?
This property features: New duplexes (2026) in the Crescent Creek community with under‑construction status; Abbington plan offers 3 bedrooms, 2 bathrooms, and 1,470 SF of living space per side; Each unit includes a two‑car garage and fully fenced, landscaped yard
