Villa-Style Apartment
For Sale
$1,900,000
1625 S Longford St, Wichita, KS 67207
Twenty-unit residential property built in 1980 for multifamily ownership or operation.
Property Size16,840 SF
Days on Market57
Property Features for 1625 S Longford St
General Information
Standard status
Active
Size
16,840 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
20
Building Details
Building Size
16,840 SF
Year Built
1980
Listing Agency:
NAI Martens
Listed By:
Trent Garman · License #SP00237691
(316) 613-2447
Source:
Naimartens
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 14 at 9:49PM
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 NAI Martens
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.
Spanish Villas is an apartment community located at 1625 S Longford St in Wichita, Kansas. The property includes 20 residential units and was built in 1980.
The villa-style character distinguishes the community within the apartment-building category. The asset is offered for sale as a multifamily property.
The villa-style character distinguishes the community within the apartment-building category. The asset is offered for sale as a multifamily property.
Key Highlights
- 20‑unit apartment community
- Built in 1980
- Located at 1625 S Longford St, Wichita, KS 67207
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,996
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,459,920
$2.5M
Cap Rate 7%
$1,757,086
$1.8M
Cap Rate 9%
$1,366,622
$1.4M
Market Conditions
NOI Build-Up for 16,840 SF
Gross rent
$234.4K $13.92/SF
− Vacancy
−$10.8K −$0.64/SF
EGI
$223.6K $13.28/SF
− OpEx
−$100.6K −$5.98/SF
NOI
$123.0K $7.30/SF
Area
ZIP 67207
Vacancy
4.60%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,459,920
Cap Rate 7%
$1,757,086
Cap Rate 9%
$1,366,622
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $122,996 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,427 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-unit residential property built in 1980 for multifamily ownership or operation.
Where is this apartment building located?
The property is located at 1625 S Longford St Wichita, KS.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 20‑unit apartment community; Built in 1980; Located at 1625 S Longford St, Wichita, KS 67207
