Modern Duplex with Open
For Sale
$350,000
1539 S Main St, Wichita, KS 67213
Newly built two-unit property with contemporary finishes, private laundry hookups, and flexible owner-occupant or rental use.
Property Size2,110 SF
Price / SF$165.88
Days on Market60
Property Features for 1539 S Main St
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Residential Income
Site & Location
Neighborhood
South Central
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$739
Amenities
in-unit laundry hookups
Building Details
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Edna Martinez
(316) 559-5325
Source:
Exprealty
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 24 at 8:29PM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1539 S Main St in Wichita, this newly constructed duplex contains two residential units totaling 2,110 square feet. Each unit offers three bedrooms, two bathrooms, and an open arrangement linking the kitchen, dining area, and living room. Contemporary finishes, spacious bedrooms, and functional floor plans create a consistent design across both residences.
Both units include in-unit laundry hookups and modern systems associated with recent construction. The property can accommodate an owner-occupant seeking a separate residence within the same building, rental use across both units, or multigenerational living arrangements. Its two-unit configuration and matching layouts provide a straightforward residential income property format.
Both units include in-unit laundry hookups and modern systems associated with recent construction. The property can accommodate an owner-occupant seeking a separate residence within the same building, rental use across both units, or multigenerational living arrangements. Its two-unit configuration and matching layouts provide a straightforward residential income property format.
Key Highlights
- Two‑unit duplex at 1539 S Main St, Wichita, KS 67213
- 2,110 square feet of total property size
- Each unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,401
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,020
$348.0K
Cap Rate 7%
$248,586
$248.6K
Cap Rate 9%
$193,344
$193.3K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$26.6K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$24.9K $11.78/SF
− OpEx
−$7.5K −$3.53/SF
NOI
$17.4K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,020
Cap Rate 7%
$248,586
Cap Rate 9%
$193,344
Alternative Uses
Best Use
Multifamily LT 5
$248.6K
$217.5K – $290.0K
NOI $17,401 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.8K
NOI $16,187 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$522.4K
$457.1K – $609.5K
NOI $36,571 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 67213, KS
21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Newly built two-unit property with contemporary finishes, private laundry hookups, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1539 S Main St Wichita, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex at 1539 S Main St, Wichita, KS 67213; 2,110 square feet of total property size; Each unit includes 3 bedrooms and 2 bathrooms
