Wichita Duplex: Investment
1421 S Main St Wichita, KS 67213
1421 S Main St, Wichita, KS, 67213
$120,000
For Sale
$120,000
MULTI_FAMILY - Other - Wichita, KS
Property Size1,300 SF
Lot Size6,970.00 Acres
Price / SF$92.31
Days on Market171
Property Features for 1421 S Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- On Street
- Basement
- Unfinished
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 129-29-0-44-03-022.00
- Size
- 1,300 SF
- Lot size
- 6,970.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 5 MAIN ST. BETHEL'S ADD.
- Tax Annual Amount
- 1264
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Keller Williams Hometown Partners
(316) 729-8500
429 S 119th St W, Wichita, KS
Listed by
Daniel Gutierrez · License #00235453
(620) 937-1488
Added: Jan 27 Checked: Jul 17 at 7:06 am
MLS# 667526
Listing URL
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 well-maintained duplex in Wichita presents an investment opportunity, featuring two separate 1-bedroom, 1-bathroom units suitable for investors or homeowners seeking rental income. Each unit offers a functional layout with essential living spaces and private entrances. Safety features include smoke and heat detectors in both units. One unit is equipped with a stove and refrigerator. The property provides one-street parking space per unit. Situated in a vibrant Wichita community, the location offers convenient access to nearby shops, restaurants, parks, and major transportation routes, enhancing its appeal to potential tenants. The property, with a size of 1300 square feet, sits on a lot of 6970 acres. This duplex combines practicality with opportunity for those looking to live in one unit and rent the other or expand their investment portfolio.
Key Highlights
- Duplex offers immediate rental income potential.
- Two separate 1‑bedroom, 1‑bathroom units provide flexibility for investors or owner‑occupants.
- Convenient location with easy access to shops, restaurants, parks, and major transportation routes.
Local 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 | $16.4k | $12.60 |
| − Vacancy | −$1.1k | −$0.82 |
| EGI | $15.3k | $11.78 |
| − OpEx | −$4.6k | −$3.53 |
| NOI | $10.7k | $8.25 |
1,300 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$153.2K
$134.0K – $178.7K
NOI $10,721 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$142.5K
$124.7K – $166.2K
NOI $9,973 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$321.9K
$281.7K – $375.5K
NOI $22,532 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained Wichita duplex with two 1-bedroom, 1-bathroom units.
Where is this duplex located?
The property is located at 1421 S Main St Wichita, KS.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Duplex offers immediate rental income potential.; Two separate 1‑bedroom, 1‑bathroom units provide flexibility for investors or owner‑occupants.; Convenient location with easy access to shops, restaurants, parks, and major transportation routes.
