4-Unit Apartment
For Sale
$200,000
1512 S Pattie St, Wichita, KS 67211
The property combines two-bedroom and one-bedroom residences in a multi-unit configuration.
Property Size2,360 SF
Price / SF$84.75
Days on Market15
Property Features for 1512 S Pattie St
General Information
Standard status
Active
Size
2,360 SF
Total Parking Spaces
5
Property subtype
Residential Income
Site & Location
Neighborhood
Linwood
Units
Unit Mix
2 x 2-bed/1-bath, 2 x 1-bed/1-bath
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,050
Listing Agency:
At Home Wichita Real Estate
(316) 247-1217
Listed By:
Jacob Henderson
(316) 650-0372
Source:
Exprealty
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 2:17PM
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 At Home Wichita Real Estate
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Investment Insights
Based on property information with market context.
This 2,360-square-foot quadplex contains two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Three units are vacant and one is occupied. Recent siding repairs and vinyl windows are among the property’s existing improvements.
Off-street parking accommodates up to five vehicles. The property is located at 1512 S Pattie St in Wichita, Kansas.
Off-street parking accommodates up to five vehicles. The property is located at 1512 S Pattie St in Wichita, Kansas.
Key Highlights
- Four units: two 2‑bedroom, 1‑bath residences and two 1‑bedroom, 1‑bath residences
- 2,360 square feet
- Three of four units are vacant; one is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,105
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,100
$362.1K
Cap Rate 7%
$258,643
$258.6K
Cap Rate 9%
$201,167
$201.2K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$34.8K $14.76/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$32.9K $13.95/SF
− OpEx
−$14.8K −$6.28/SF
NOI
$18.1K $7.67/SF
Area
Wichita, KS
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,100
Cap Rate 7%
$258,643
Cap Rate 9%
$201,167
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$258.6K
$226.3K – $301.8K
NOI $18,105 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$584.3K
$511.3K – $681.7K
NOI $40,904 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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Business Placement
Demographics for 67211, KS
19,721
Population
9,568
Households
2.1
Avg Household Size
35
Median Age
14%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
3,867
Density / Sq Mi
$44,003
Median Household Income
$31,335
Median Earnings
$841
Median Rent
$99,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines two-bedroom and one-bedroom residences in a multi-unit configuration.
Where is this quadplex located?
The property is located at 1512 S Pattie St Wichita, KS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom, 1‑bath residences and two 1‑bedroom, 1‑bath residences; 2,360 square feet; Three of four units are vacant; one is occupied
