Four-Bedroom
12836 W Wheatland St., Wichita, KS 67235
For Sale
$400,000
Both residences are occupied under lease, with granite counters, modern cabinetry, and a full appliance package.
Property Size2,920 SF
Price / SF$136.99
Days on Market314
Property Features for 12836 W Wheatland St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Sprinkler System
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Prairie Sunset Trail
Building Details
Building Size
Year Built
Units
Listing Agency:
J Russell Real Estate
(316) 648-1199
Listed By:
Jacob Gibbs
(316) 282-5676
Source:
Albright-realty
Added: Jan 1
Changed: Nov 9
Last Checked: Nov 9 at 3:05PM
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 J Russell Real Estate
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Investment Insights
Based on property information with market context.
Built in 2023, this 2,920-square-foot duplex has two residences, each arranged with four bedrooms and three bathrooms. The combined layout provides eight bedrooms and six bathrooms. Interior features include an open living plan, granite countertops, modern cabinetry, and a refrigerator, oven/range, dishwasher, microwave, and disposal. Both units are currently leased and occupied.
The property occupies a wooded lot with direct access to the Prairie Sunset Trail and is within the Goddard School District. Exterior improvements include a wrought-iron backyard fence, an irrigation well, a sprinkler system, and sod.
The property occupies a wooded lot with direct access to the Prairie Sunset Trail and is within the Goddard School District. Exterior improvements include a wrought-iron backyard fence, an irrigation well, a sprinkler system, and sod.
Key Highlights
- Two residences, each with 4 bedrooms and 3 bathrooms; 8 bedrooms and 6 bathrooms total
- Both sides are leased and occupied
- 2,920 square feet; built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,080
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$36.8K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.4K $11.78/SF
− OpEx
−$10.3K −$3.53/SF
NOI
$24.1K $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%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.4K
NOI $22,401 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$723.0K
$632.6K – $843.5K
NOI $50,610 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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Business Placement
Demographics for 67235, KS
14,824
Population
5,311
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
1,373
Density / Sq Mi
$112,500
Median Household Income
$51,333
Median Earnings
$1,541
Median Rent
$298,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Wichita, KS
Properties on Market for Duplexes in Wichita
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under lease, with granite counters, modern cabinetry, and a full appliance package.
Where is this duplex located?
The property is located at 12836 W Wheatland St. Wichita, KS.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 3 bathrooms; 8 bedrooms and 6 bathrooms total; Both sides are leased and occupied; 2,920 square feet; built in 2023
