Ranch Duplex with Finished
For Sale
$200,000
10603 W Nantucket St, Wichita, KS 67212
Residential, Wichita, KS
Property Size1,712 SF
Lot Size0.17 Acres
Price / SF$116.82
Days on Market10
Property Features for 10603 W Nantucket St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Family Room, Laundry Room, Bedroom 3, Bathroom 1, Game Room, Kitchen, Bathroom 2
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Window Coverings-All
Exterior features
Guttering - ALL, Frame w/Less than 50% Mas
Basement
Finished
Appliances
Dishwasher, Disposal, Microwave, Range, Washer, Dryer
Subdivision
WESTLINK
Lot features
Corner Lot, Standard
Elementary school
Maize USD266
Middle school
Maize
High school
Maize
Elementary school district
Maize School District (USD 266)
Middle school district
Maize School District (USD 266)
High school district
Maize School District (USD 266)
Directions
From 13th and Maize go West to Westgate, North to Nantucket, W to home.
Standard status
Active
APN
133-07-0-44-04-001.00
Size
1,712 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Long Legal, See County
Tax Annual Amount
2431
Legal Description
Long Legal, See County
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Amenities
granite countertops
subway tile backsplash
stainless steel appliances
finished basement
fully fenced backyard
washer and dryer remain
Building Details
Year built
1979
Floors in Building
1
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Elite Real Estate Experts
(316) 719-4000
Listed By:
Mikaela Rehmert-Fira
(316) 516-1734
Added: Aug 23
Changed: Aug 27
Last Checked: Aug 31 at 11:06PM
MLS# 677982
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 ranch-style duplex property in Wichita offers 1,712 square feet with four bedrooms and two bathrooms. The interior includes a kitchen with granite countertops, a subway tile backsplash, stainless steel appliances, a family room, and a finished basement with additional rooms identified as a game room and laundry area. Central air, forced-air natural gas heating, ceiling fans, and window coverings are also included.
The property occupies 0.17 acres at 10603 W Nantucket St and includes a fully fenced backyard, patio, composition roof, gutters, and a two-car garage. The home was built in 1979 and is located within the Maize school district. Appliances conveyed with the property include a dishwasher, disposal, microwave, range, washer, and dryer.
The property occupies 0.17 acres at 10603 W Nantucket St and includes a fully fenced backyard, patio, composition roof, gutters, and a two-car garage. The home was built in 1979 and is located within the Maize school district. Appliances conveyed with the property include a dishwasher, disposal, microwave, range, washer, and dryer.
Key Highlights
- Duplex property with 1,712 square feet of finished area
- Four bedrooms and two bathrooms
- Finished basement with game room and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,480
$255.5K
Cap Rate 7%
$182,486
$182.5K
Cap Rate 9%
$141,933
$141.9K
Market Conditions
NOI Build-Up for 1,712 SF
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.
Gross rent
$19.5K $11.40/SF
− Vacancy
−$1.3K −$0.74/SF
EGI
$18.2K $10.66/SF
− OpEx
−$5.5K −$3.20/SF
NOI
$12.8K $7.46/SF
Area
ZIP 67212
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,480
Cap Rate 7%
$182,486
Cap Rate 9%
$141,933
Alternative Uses
Best Use
Multifamily LT 5
$182.5K
$159.7K – $212.9K
NOI $12,774 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,921 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 67212, KS
43,587
Population
19,409
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
3,487
Density / Sq Mi
$64,957
Median Household Income
$42,601
Median Earnings
$1,021
Median Rent
$189,000
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 - Four-bedroom property in the Maize school district features granite kitchen finishes, a fenced backyard, and a two-car garage.
Where is this duplex located?
The property is located at 10603 W Nantucket St Wichita, KS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex property with 1,712 square feet of finished area; Four bedrooms and two bathrooms; Finished basement with game room and laundry room
