Duplex with Attached
For Sale
$379,900
11990 W Wildwood St, Wichita, KS 67215
Residential Income, Wichita, KS
Property Size2,300 SF
Price / SF$165.17
Days on Market21
Property Features for 11990 W Wildwood St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
8
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
Bridger Pawnee Addition - Pawnee Crossing
Elementary school
Earhart
Middle school
Goddard
High school
Robert Goddard
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
119th & Pawnee go south on east side of 119th.
Standard status
Active
APN
123456
Size
2,300 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 BLOCK C BRIDGER PAWNEE ADDITION
HOA Fee
$2,040 Annually
Legal Description
LOT 2 BLOCK C BRIDGER PAWNEE ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Ceiling Fan(s), Multi Units
Water source
Public
Amenities
zero-entry
electric fireplace
luxury vinyl tile flooring
enameled white trim
granite or quartz countertops
eating island
walk-in pantry
stainless steel appliances
private bathroom with walk-in shower
walk-in closet
separate laundry room
attached two-car garage
fully landscaped fenced yard
sprinkler system
shared irrigation well
Building Details
Year built
2026
Number of units
2
Building materials
Brick Veneer, Masonite
Roof type
Composition
Architectural style
Other
Listing Agency:
ERA Great American Realty · ERA Real Estate
(316) 686-4111
Listed By:
Reuben Loyd · License #SP00222634
(316) 806-1241
Added: Sep 2
Changed: Sep 20
Last Checked: Sep 22 at 5:06AM
MLS# 678527
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 under-construction duplex is planned as two zero-entry residences within Pawnee Crossing. Each side includes three bedrooms, two bathrooms, an attached two-car garage, and an open living area with an electric fireplace, luxury vinyl tile flooring, enameled white trim, and granite or quartz countertops. The kitchens are arranged with an eating island, walk-in pantry, stainless steel appliances, and a disposal. Primary suites feature private bathrooms with walk-in showers and walk-in closets, while separate laundry rooms connect conveniently to the garage areas.
The property is located at 11990 W Wildwood St in Wichita, within the Goddard School District. Exterior improvements include landscaped and fenced yards, sprinkler systems, and access to a shared irrigation well. The duplex is planned for completion in 2026 and includes public water service, natural gas availability, forced-air heating, and composition roofing.
The property is located at 11990 W Wildwood St in Wichita, within the Goddard School District. Exterior improvements include landscaped and fenced yards, sprinkler systems, and access to a shared irrigation well. The duplex is planned for completion in 2026 and includes public water service, natural gas availability, forced-air heating, and composition roofing.
Key Highlights
- Two‑residence duplex totaling 2300 Square Feet
- Each side offers 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
- Under construction with a planned 2026 completion
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
$18,967
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
4.99%
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%
$379,340
$379.3K
Cap Rate 7%
$270,957
$271.0K
Cap Rate 9%
$210,744
$210.7K
Market Conditions
NOI Build-Up for 2,300 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
$29.0K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.1K $11.78/SF
− OpEx
−$8.1K −$3.53/SF
NOI
$19.0K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /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%
$379,340
Cap Rate 7%
$270,957
Cap Rate 9%
$210,744
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.1K
NOI $18,967 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,864 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 67215, KS
6,451
Population
2,266
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
375
Density / Sq Mi
$110,329
Median Household Income
$48,691
Median Earnings
$1,336
Median Rent
$222,500
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 - Each residence includes an open living area, private primary suite, and dedicated laundry room.
Where is this duplex located?
The property is located at 11990 W Wildwood St Wichita, KS.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑residence duplex totaling 2300 Square Feet; Each side offers 3 bedrooms, 2 bathrooms, and an attached 2‑car garage; Under construction with a planned 2026 completion
