Duplex with Fenced
For Sale
$369,000
5420-5422 N Sandkey Ct, Wichita, KS 67204
Each residence offers three bedrooms, two full bathrooms, and a private backyard with a patio.
Property Size2,364 SF
Price / SF$156.09
Days on Market813
Property Features for 5420-5422 N Sandkey Ct
General Information
Standard status
Active
Size
2,364 SF
Total Parking Spaces
6
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,129
Amenities
walk-in shower
walk-in closet
walk-in pantry
vaulted ceilings
9 foot ceilings
granite countertops
LVP flooring
exterior patio
fenced backyards
Building Details
Building Size
2,364 SF
Year Built
2024
Units
2
Listing Agency:
Russell Real Resources LLC
(316) 516-7417
Listed By:
Bree Russell · License #BR SP00218596
Source:
Albright-realty
Added: Aug 16, 2024
Changed: Nov 2
Last Checked: Nov 4 at 6:06AM
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 Russell Real Resources LLC
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Investment Insights
Based on property information with market context.
Built in 2024, this 2,364-square-foot duplex at 5420-5422 N Sandkey Ct has two residences, both available for buyer occupancy. Each side features an open floor plan with three bedrooms and two full bathrooms, including a walk-in shower and walk-in closet in the primary suite. Interior finishes include LVP flooring, granite in the kitchen and bathrooms, a walk-in pantry, vaulted living areas, and 9-foot ceilings. Each residence also has an exterior patio and a wrought-iron-fenced backyard.
The property is located near 53rd North and Meridian in the Watermarke Villas neighborhood. The HOA covers lawn care, and residents are responsible for utilities.
The property is located near 53rd North and Meridian in the Watermarke Villas neighborhood. The HOA covers lawn care, and residents are responsible for utilities.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,364 square feet; built in 2024
- Both sides available for buyer occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,495
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,900
$389.9K
Cap Rate 7%
$278,500
$278.5K
Cap Rate 9%
$216,611
$216.6K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$29.8K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.9K $11.78/SF
− OpEx
−$8.4K −$3.53/SF
NOI
$19.5K $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%
$389,900
Cap Rate 7%
$278,500
Cap Rate 9%
$216,611
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $324.9K
NOI $19,495 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$259.1K
$226.7K – $302.3K
NOI $18,135 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,973 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 67204, KS
21,932
Population
9,424
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
79%
High-School Grad
16.1 sq mi
ZIP Area
1,362
Density / Sq Mi
$68,549
Median Household Income
$39,258
Median Earnings
$976
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two full bathrooms, and a private backyard with a patio.
Where is this duplex located?
The property is located at 5420-5422 N Sandkey Ct Wichita, KS.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,364 square feet; built in 2024; Both sides available for buyer occupancy
