Brand-New Duplex with
5436-5438 North Colburn Court East Unit 2 Wichita, KS 67220
For Sale
$369,000
New duplex home with a mirrored split-plan layout, three bedrooms, two full baths, and an outdoor patio.
Property Size2,300 SF
Price / SF$160.43
Days on Market2518
Property Features for 5436-5438 North Colburn Court East Unit 2
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Multi-Family / Twin/Duplex
Building Details
- Year Built
- 2022
Listing Agency:
J.P. Weigand & Sons
(316) 292-3963
Listed By:
Bree Russell · License #00218596
(316) 292-3963
Source:
Compass
Added: Sep 2, 2019
Changed: Jul 23
Last Checked: Jul 23 at 5:20AM
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.P. Weigand & Sons
Investment Insights
Based on property information with market context.
This brand-new duplex features a mirrored split-owner's-area plan with three bedrooms and two full baths in each unit, along with a two-car garage. The homes are slab-on-grade with outdoor patio space, and include modern, clean interior finishes such as granite countertops in both bathrooms and the kitchen. Laminate floors run throughout the units.
The property is conveniently located off 53rd Street N in the Northeast quadrant of Sedgwick County, Bel Aire, KS, with access to major highways and thoroughfares for commuting to employers, schools, and nearby commercial trade areas.
The duplex configuration supports an owner-resident style arrangement where rent from the other unit can help cover expenses across the property, and it can also function as straightforward new residential rental housing. Taxes and specials are provided as an educated estimate.
The property is conveniently located off 53rd Street N in the Northeast quadrant of Sedgwick County, Bel Aire, KS, with access to major highways and thoroughfares for commuting to employers, schools, and nearby commercial trade areas.
The duplex configuration supports an owner-resident style arrangement where rent from the other unit can help cover expenses across the property, and it can also function as straightforward new residential rental housing. Taxes and specials are provided as an educated estimate.
Key Highlights
- Brand‑new 2022 duplex home with mirrored split‑plan layout and one‑story design
- 3 bedrooms and 2 full baths with granite in both restrooms and the kitchen
- Attractive laminate floors throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $12.60 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $27.1k | $11.78 |
| − OpEx | −$8.1k | −$3.53 |
| NOI | $19.0k | $8.25 |
2,300 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.1K
NOI $18,967 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,864 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex home with a mirrored split-plan layout, three bedrooms, two full baths, and an outdoor patio.
Where is this duplex located?
The property is located at 5436-5438 North Colburn Court East Unit 2 Wichita, KS.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Brand‑new 2022 duplex home with mirrored split‑plan layout and one‑story design; 3 bedrooms and 2 full baths with granite in both restrooms and the kitchen; Attractive laminate floors throughout
