Ranch Duplex with Covered
1427 N Hornet Lane, Valley Center, KS 67147
For Sale
New
$224,900
Residential, Valley Center, KS
Property Size1,356 SF
Lot Size0.28 Acres
Price / SF$165.86
Days on Market2
Property Features for 1427 N Hornet Lane
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
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
Building Details
Year built
Floors in Building
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# 681795
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 ranch duplex is designed with two residences. Each home has 1,356 square feet, three bedrooms, two bathrooms, and an attached two-car garage. Interior details include vaulted ceilings, an electric fireplace, and an open kitchen with quartz counters, pantry, and stainless steel appliances. The primary suite includes dual vanities, a walk-in shower, and a walk-in closet. Each home also has a covered front porch, patio, and fenced backyard with a sprinkler system.
The property occupies a 0.28-acre lot. Construction is listed for completion in 2026; the general and special property taxes have not yet been fully assessed.
The property occupies a 0.28-acre lot. Construction is listed for completion in 2026; the general and special property taxes have not yet been fully assessed.
Key Highlights
- Two‑residence duplex on a 0.28‑acre lot
- Each home has 1,356 square feet, 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Vaulted ceilings and an electric fireplace in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,338
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,760
$226.8K
Cap Rate 7%
$161,971
$162.0K
Cap Rate 9%
$125,978
$126.0K
Market Conditions
NOI Build-Up for 1,356 SF
Gross rent
$17.1K $12.60/SF
− Vacancy
−$888 −$0.66/SF
EGI
$16.2K $11.94/SF
− OpEx
−$4.9K −$3.58/SF
NOI
$11.3K $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%
$226,760
Cap Rate 7%
$161,971
Cap Rate 9%
$125,978
Alternative Uses
Best Use
Multifamily LT 5
$162.0K
$141.7K – $189.0K
NOI $11,338 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$161.4K
$141.2K – $188.3K
NOI $11,297 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$282.6K
$247.3K – $329.7K
NOI $19,784 @ 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 offers a three-bedroom layout, attached two-car garage, and fenced backyard.
Where is this duplex located?
The property is located at 1427 N Hornet Lane Valley Center, KS.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑residence duplex on a 0.28‑acre lot; Each home has 1,356 square feet, 3 bedrooms, 2 bathrooms, and a 2‑car garage; Vaulted ceilings and an electric fireplace in each residence
