Two-Unit Duplex with
New
For Sale
$378,000
12827 /12829 E Blake St., Wichita, KS 67230
New construction will provide mirrored residences, each with three bedrooms, two bathrooms, and an attached two-car garage.
Property Size2,424 SF
Price / SF$155.94
Days on Market6
Property Features for 12827 /12829 E Blake St.
General Information
Standard status
Active
Size
2,424 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Banister Real Estate LLC
Listed By:
Andrew Reese · License #SP00233049
(620) 755-1619
Source:
Highpointks
Added: Sep 30
Last Checked: Oct 4 at 12:09PM
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 Banister Real Estate LLC
Investment Insights
Based on property information with market context.
Scheduled for completion around 08/15/2026, this newly built duplex will contain two residences. Each unit is planned with three bedrooms, two bathrooms, 1,212 square feet of finished living area, and a two-car garage. The stated 2026 year built corresponds with the anticipated delivery year.
The property is in the Buffalo Grove community of Wichita, with dining and entertainment options in the city described as nearby. Listing photographs depict an earlier completed duplex rather than this property.
The property is in the Buffalo Grove community of Wichita, with dining and entertainment options in the city described as nearby. Listing photographs depict an earlier completed duplex rather than this property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Each residence includes 1,212 square feet of finished living space
- Two‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,990
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,800
$399.8K
Cap Rate 7%
$285,571
$285.6K
Cap Rate 9%
$222,111
$222.1K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$30.5K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.6K $11.78/SF
− OpEx
−$8.6K −$3.53/SF
NOI
$20.0K $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 Rate 5%
$399,800
Cap Rate 7%
$285,571
Cap Rate 9%
$222,111
Alternative Uses
Best Use
Multifamily LT 5
$285.6K
$249.9K – $333.2K
NOI $19,990 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$265.7K
$232.5K – $309.9K
NOI $18,596 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$600.2K
$525.2K – $700.2K
NOI $42,013 @ 7.0% cap · market cap 11.11%
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
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 67230, KS
12,633
Population
4,093
Households
3.1
Avg Household Size
44
Median Age
63%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
1,289
Density / Sq Mi
$151,173
Median Household Income
$67,417
Median Earnings
$2,026
Median Rent
$388,400
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 - New construction will provide mirrored residences, each with three bedrooms, two bathrooms, and an attached two-car garage.
Where is this duplex located?
The property is located at 12827 /12829 E Blake St. Wichita, KS.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Each residence includes 1,212 square feet of finished living space; Two‑car garage for each unit
