Under-Construction
1421-1423 N Hornet Lane, Valley Center, KS 67147
For Sale
New
$449,800
Residential Income, Valley Center, KS
Property Size2,712 SF
Lot Size0.29 Acres
Price / SF$165.86
Days on Market2
Property Features for 1421-1423 N Hornet Lane
General Information
Property type
Property subtype
Property condition
Parking
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
HOA Fee
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
covered front porch
electric fireplace
vaulted ceilings
open-concept kitchen
quartz countertops
pantry
stainless steel appliances
primary suite with dual vanities
walk-in shower
oversized walk-in closet
patio
fully fenced backyard
sprinklered backyard
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License KS #00052101
(316) 641-9442
Added: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# 681800
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.
This under-construction duplex at 1421-1423 N Hornet Lane in Valley Center contains 2,712 square feet across two residences, with 1,356 square feet per side. Each home has three bedrooms, two bathrooms, a two-car garage, a covered front porch, and a patio adjoining a fenced backyard. Interior features include vaulted ceilings, an electric fireplace, and an open kitchen with quartz countertops, pantry, cabinetry, and stainless steel appliances. The primary suite includes dual vanities, a walk-in shower, and a walk-in closet.
The property occupies 0.2869 acres. Construction is scheduled for 2026. Natural gas is available, and the homes have public water service. Listed appliances include a dishwasher, disposal, microwave, range, and refrigerator.
The property occupies 0.2869 acres. Construction is scheduled for 2026. Natural gas is available, and the homes have public water service. Listed appliances include a dishwasher, disposal, microwave, range, and refrigerator.
Key Highlights
- Two residences totaling 2,712 square feet; 1,356 square feet per side
- 0.2869‑acre property in Valley Center, KS
- Each residence has 3 bedrooms, 2 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,676
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,520
$453.5K
Cap Rate 7%
$323,943
$323.9K
Cap Rate 9%
$251,956
$252.0K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$34.2K $12.60/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$32.4K $11.94/SF
− OpEx
−$9.7K −$3.58/SF
NOI
$22.7K $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 Rate 5%
$453,520
Cap Rate 7%
$323,943
Cap Rate 9%
$251,956
Alternative Uses
Best Use
Multifamily LT 5
$323.9K
$283.5K – $377.9K
NOI $22,676 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$565.3K
$494.6K – $659.5K
NOI $39,568 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 67147, KS
10,715
Population
4,106
Households
2.6
Avg Household Size
37
Median Age
39%
College-Educated
92%
High-School Grad
103.6 sq mi
ZIP Area
103
Density / Sq Mi
$82,711
Median Household Income
$47,569
Median Earnings
$996
Median Rent
$227,900
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Sedgwick County, KS
Properties on Market for Duplexes in Sedgwick County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an open kitchen, vaulted living area, and private fenced backyard.
Where is this duplex located?
The property is located at 1421-1423 N Hornet Lane Valley Center, KS.
What is the asking price?
The asking price for this property is $449,800.
What are key features of this property?
This property features: Two residences totaling 2,712 square feet; 1,356 square feet per side; 0.2869‑acre property in Valley Center, KS; Each residence has 3 bedrooms, 2 bathrooms, and a 2‑car garage
