Side-by-Side Duplex with
For Sale
$175,000
827-829 S Terrace Dr, Wichita, KS 67218
MULTI_FAMILY - Other - Wichita, KS
Property Size1,056 SF
Lot Size0.15 Acres
Price / SF$165.72
Days on Market8
Property Features for 827-829 S Terrace Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Elementary school
Jefferson
Middle school
Curtis
High school
Southeast
Elementary school district
Wichita School District (USD 259)
Middle school district
Wichita School District (USD 259)
High school district
Wichita School District (USD 259)
Directions
From Kellogg turn south on Oliver, then take a right onto Morris (west), then south onto Terrace. Duplex is halfway down the street on the righthand side. There are two duplexes facing each other, this is the one on the north side. Coming from the south going north on Oliver, turn left onto Lincoln (west), then right onto Terrace. Duplex is halfway down the street on the left-hand side. There are two duplexes facing each other, this is the one on the north side
Subdivision
SCKMLS
Standard status
Active
APN
20173-127-26-0-14-05-015.00
Size
1,056 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 16 BLOCK 1 PURCELL'S 2ND. ADD.
Tax Annual Amount
1134
Legal Description
LOT 16 BLOCK 1 PURCELL'S 2ND. ADD.
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1942
Number of units
2
Flooring type
Tile, Carpet
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Exp Realty, LLC
(855) 414-1871
Listed By:
Bonnie Dalleo
(860) 906-7214
Added: Jul 24
Last Checked: Jul 31 at 2:06PM
MLS# 676477
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 side-by-side duplex offers two separate 1-bedroom, 1-bathroom units. The property is described as well-maintained and includes low-maintenance vinyl siding and newer windows. Off-street parking is provided for residents.
The duplex is located in Wichita, Kansas, with the address listed as 827-829 S Terrace Dr in the 67218 ZIP code. The listing notes both units are currently rented and that the tenants would like to stay.
With a compact footprint, the configuration is straightforward: a two-unit income property designed for minimal exterior upkeep, supported by the stated window and siding updates.
The duplex is located in Wichita, Kansas, with the address listed as 827-829 S Terrace Dr in the 67218 ZIP code. The listing notes both units are currently rented and that the tenants would like to stay.
With a compact footprint, the configuration is straightforward: a two-unit income property designed for minimal exterior upkeep, supported by the stated window and siding updates.
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 | $13.3k | $12.60 |
| − Vacancy | −$865 | −$0.82 |
| EGI | $12.4k | $11.78 |
| − OpEx | −$3.7k | −$3.53 |
| NOI | $8.7k | $8.25 |
1,056 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$124.4K
$108.9K – $145.2K
NOI $8,709 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,101 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$261.5K
$228.8K – $305.1K
NOI $18,303 @ 7.0% cap · market cap 10.46%
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
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
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 - Well-maintained duplex with two 1-bedroom units, off-street parking, vinyl siding, and newer windows.
Where is this duplex located?
The property is located at 827-829 S Terrace Dr Wichita, KS.
What is the asking price?
The asking price for this property is $175,000.
