2021-Built Duplex with Open
For Sale
$360,000
Pending
12148 W 33rd St N, Wichita, KS 67205
Residential Income, Wichita, KS
Property Size2,432 SF
Lot Size0.29 Acres
Days on Market61
Property Features for 12148 W 33rd St N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
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
119tht W and 33rd N west to house
Subdivision
SCKMLS
Standard status
Pending
APN
87-077-36-0-41-01-019.00
Size
2,432 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6018
HOA Fee
$1,920 Annually
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Amenities
zero-entry access
ceiling fans
fully fenced backyard
automatic sprinkler system
irrigation well
Building Details
Year built
2021
Number of units
2
Building materials
Masonite
Roof type
Composition
Architectural style
Other
Listing Agency:
Collins & Associates
(316) 500-0631
Listed By:
Matt Birch · License #00230085
(316) 393-4270
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 17 at 12:06PM
MLS# 677739
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.
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Investment Insights
Based on property information with market context.
Built in 2021, this 2,432-square-foot duplex includes two residential units within a low-maintenance income property. The interiors feature zero-entry access, 9-foot and 11-foot ceilings, luxury vinyl flooring, granite kitchen countertops, stainless steel appliances, and ceiling fans. Heating is provided by forced air with natural gas, while cooling is electric. The property also includes a composition roof, Masonite construction, and public water service.
The 0.2852-acre site provides a fully fenced private backyard with an automatic sprinkler system supplied by a dedicated irrigation well. One side is currently rented, while the other is positioned for an owner-occupant. The property includes a dishwasher, disposal, microwave, range, and refrigerator.
The 0.2852-acre site provides a fully fenced private backyard with an automatic sprinkler system supplied by a dedicated irrigation well. One side is currently rented, while the other is positioned for an owner-occupant. The property includes a dishwasher, disposal, microwave, range, and refrigerator.
Key Highlights
- 2,432‑square‑foot duplex built in 2021
- One side currently rented; the other side is available for an owner‑occupant
- Zero‑entry access with 9‑foot and 11‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,335
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,700
$406.7K
Cap Rate 7%
$290,500
$290.5K
Cap Rate 9%
$225,944
$225.9K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$30.6K $12.60/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$29.0K $11.94/SF
− OpEx
−$8.7K −$3.58/SF
NOI
$20.3K $8.36/SF
Area
ZIP 67205
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%
$406,700
Cap Rate 7%
$290,500
Cap Rate 9%
$225,944
Alternative Uses
Best Use
Multifamily LT 5
$290.5K
$254.2K – $338.9K
NOI $20,335 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$267.9K
$234.5K – $312.6K
NOI $18,756 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$516.3K
$451.8K – $602.4K
NOI $36,141 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 67205, KS
20,461
Population
7,467
Households
2.7
Avg Household Size
40
Median Age
50%
College-Educated
98%
High-School Grad
16.9 sq mi
ZIP Area
1,211
Density / Sq Mi
$120,630
Median Household Income
$65,457
Median Earnings
$1,237
Median Rent
$314,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Features zero-entry access, granite countertops, stainless steel appliances, and luxury vinyl flooring throughout.
Where is this duplex located?
The property is located at 12148 W 33rd St N Wichita, KS.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,432‑square‑foot duplex built in 2021; One side currently rented; the other side is available for an owner‑occupant; Zero‑entry access with 9‑foot and 11‑foot ceilings
