New Duplex with Covered
809 N Rainbow Lake St Wichita, KS 67235
809 N Rainbow Lake St, Wichita, KS, 67235
$249,900
For Sale
$249,900
SINGLE_FAMILY - Ranch - Wichita, KS
Property Size1,456 SF
Lot Size0.28 Acres
Price / SF$171.63
Days on Market38
Property Features for 809 N Rainbow Lake St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 3, Kitchen
- Window features
- Storm Window(s)
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Window Coverings-All
- Exterior features
- Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Range
- Standard status
- Active
- APN
- 30027993
- Size
- 1,456 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 7 Block C Bridger at Central Addition
- Tax Annual Amount
- 2
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Roof type
- Composition
- Architectural style
- Ranch
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: Jun 12 Checked: Jul 19 at 10:06 pm
MLS# 674451
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.
A new duplex in the Crescent Creek community, featuring a ranch-style plan with 3 bedrooms and 2 baths per unit. Each unit includes a 2-car garage, vaulted ceilings with a custom beam in the living room, and LVT flooring throughout. The kitchen is equipped with white quartz counters, stainless steel appliances including a dishwasher, microwave, stove, and refrigerator, plus a pantry and a large eating bar. The primary suite offers a walk-in closet and a double-vanity bath with quartz counters. Outside, each unit has a fully fenced and landscaped yard and a covered back patio.
The HOA manages mowing, trash, irrigation, and community amenities for $125 per month. The community also references access to a future clubhouse with a basement, pool, stocked lake, and walking paths.
Lot size is currently based on 2 units, with the lot and taxes split accordingly at closing. General and special taxes have not been fully assessed yet, and specials for a half duplex are estimated at $156 per month. Information is deemed reliable but not guaranteed.
The HOA manages mowing, trash, irrigation, and community amenities for $125 per month. The community also references access to a future clubhouse with a basement, pool, stocked lake, and walking paths.
Lot size is currently based on 2 units, with the lot and taxes split accordingly at closing. General and special taxes have not been fully assessed yet, and specials for a half duplex are estimated at $156 per month. Information is deemed reliable but not guaranteed.
Key Highlights
- New construction 2026 ranch duplex in the “Crescent Creek” community
- Each unit is a 3‑bedroom, 2‑bath layout with a 2‑car garage and 1,456 sq. ft.
- LVT flooring throughout with vaulted ceilings and ceiling fans; window coverings included
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 | $18.3k | $12.60 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $17.2k | $11.78 |
| − OpEx | −$5.1k | −$3.53 |
| NOI | $12.0k | $8.25 |
1,456 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.1K – $200.1K
NOI $12,007 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$159.6K
$139.6K – $186.2K
NOI $11,170 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$360.5K
$315.5K – $420.6K
NOI $25,236 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each side offers a 3-bedroom, 2-bath ranch layout with a 2-car garage, fenced yard, and back covered patio.
Where is this duplex located?
The property is located at 809 N Rainbow Lake St Wichita, KS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: New construction 2026 ranch duplex in the “Crescent Creek” community; Each unit is a 3‑bedroom, 2‑bath layout with a 2‑car garage and 1,456 sq. ft.; LVT flooring throughout with vaulted ceilings and ceiling fans; window coverings included
