New Three-Bedroom
For Sale
$211,900
12244 W Rosemary St, Maize, KS 67223
Residential, Maize, KS
Property Size1,368 SF
Lot Size0.26 Acres
Price / SF$154.90
Days on Market212
Property Features for 12244 W Rosemary St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Dining Room
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Appliances
Dishwasher, Microwave, Refrigerator, Range
Subdivision
Heights at Maize
Lot features
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
North on 119th from 29th St. to Blair Rose, south of 37th. Go west on Blair Rose to Northstar. North to home.
Standard status
Active
APN
30025840
Size
1,368 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 8 BLOCK 2 HEIGHTS AT MAIZE ADDITION, THE
Tax Annual Amount
6
HOA Fee
$1,080 Annually
Legal Description
LOT 8 BLOCK 2 HEIGHTS AT MAIZE ADDITION, THE
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Building Details
Floors in Building
1
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Added: Feb 2
Changed: Sep 2
Last Checked: Sep 2 at 9:06PM
MLS# 667731
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 new duplex presents the Haven plan with three bedrooms and two bathrooms on each side, along with 1,368 square feet of living space per residence. Both sides include ranch-style layouts, LVP flooring, quartz kitchen countertops, stainless steel appliances, walk-in pantries, eating bars, and living rooms designed around everyday use. Primary suites offer walk-in closets and private bathrooms with double vanities. Each residence also includes a two-car garage, patio, and access to a fully fenced, landscaped yard.
The property is located off 119th between 29th and 37th Street in Maize, within The Heights at Maize Addition. HOA services include mowing, trash service, and irrigation. Natural gas heating, central air, composition roofing, and zero-step entry are also included. Three floor plans are available within the addition.
The property is located off 119th between 29th and 37th Street in Maize, within The Heights at Maize Addition. HOA services include mowing, trash service, and irrigation. Natural gas heating, central air, composition roofing, and zero-step entry are also included. Three floor plans are available within the addition.
Key Highlights
- New duplex with 3 bedrooms and 2 bathrooms on each side
- 1,368 square feet of living space on each side
- Two‑car garage, patio, and fully fenced landscaped yard
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
$11,438
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
5.40%
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%
$228,760
$228.8K
Cap Rate 7%
$163,400
$163.4K
Cap Rate 9%
$127,089
$127.1K
Market Conditions
NOI Build-Up for 1,368 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
$17.2K $12.60/SF
− Vacancy
−$896 −$0.66/SF
EGI
$16.3K $11.94/SF
− OpEx
−$4.9K −$3.58/SF
NOI
$11.4K $8.36/SF
Area
Sedgwick 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 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%
$228,760
Cap Rate 7%
$163,400
Cap Rate 9%
$127,089
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.6K
NOI $11,438 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$150.7K
$131.9K – $175.8K
NOI $10,550 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$285.1K
$249.5K – $332.7K
NOI $19,959 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 67223, KS
512
Population
221
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
142
Density / Sq Mi
$104,028
Median Household Income
$45,000
Median Earnings
$245,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style residences feature patios, a fenced and landscaped yard, two-car garages, and quartz-finished kitchens.
Where is this duplex located?
The property is located at 12244 W Rosemary St Maize, KS.
What is the asking price?
The asking price for this property is $211,900.
What are key features of this property?
This property features: New duplex with 3 bedrooms and 2 bathrooms on each side; 1,368 square feet of living space on each side; Two‑car garage, patio, and fully fenced landscaped yard
