Fully Occupied
For Sale
$275,000
1027-1029 N H St, Wellington, KS 67152
Both residences use electric service, and tenants are in place.
Property Size2,086 SF
Price / SF$131.83
Days on Market60
Property Features for 1027-1029 N H St
General Information
Standard status
Active
Size
2,086 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,381
Building Details
Building Size
2,086 SF
Year Built
2019
Units
2
Tenancy
Multi
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Asa Pechin · License #00243829
(316) 295-0681
Source:
Albright-realty
Added: Sep 4
Changed: Nov 2
Last Checked: Nov 2 at 2:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heritage 1st Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains 2,086 square feet across two residences. Both units are all-electric, with no natural gas service to the property, and the building is fully occupied.
Located at 1027-1029 N H St in Wellington, Kansas, the duplex may be acquired on its own or together with a separately listed development property at Block 1, Lots 1-7 & 8-9, Timber Creek Addition.
Located at 1027-1029 N H St in Wellington, Kansas, the duplex may be acquired on its own or together with a separately listed development property at Block 1, Lots 1-7 & 8-9, Timber Creek Addition.
Key Highlights
- Fully occupied duplex with tenants in place
- 2,086 square feet
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,442
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
$348.8K
Cap Rate 7%
$249,171
$249.2K
Cap Rate 9%
$193,800
$193.8K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$26.3K $12.60/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$24.9K $11.94/SF
− OpEx
−$7.5K −$3.58/SF
NOI
$17.4K $8.36/SF
Area
Sumner County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
Cap Rate 7%
$249,171
Cap Rate 9%
$193,800
Alternative Uses
Best Use
Multifamily LT 5
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$229.8K
$201.1K – $268.1K
NOI $16,087 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$442.9K
$387.5K – $516.7K
NOI $31,000 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 67152, KS
9,019
Population
4,288
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
233.9 sq mi
ZIP Area
39
Density / Sq Mi
$50,836
Median Household Income
$36,042
Median Earnings
$814
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences use electric service, and tenants are in place.
Where is this duplex located?
The property is located at 1027-1029 N H St Wellington, KS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully occupied duplex with tenants in place; 2,086 square feet; Built in 2019
