Updated Residential Income
1629 N Arrowhead, Derby, KS 67037
For Sale
$185,000
Residential, Derby, KS
Property Size1,459 SF
Lot Size0.14 Acres
Price / SF$126.80
Days on Market11
Property Features for 1629 N Arrowhead
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Basement
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
Tax Annual Amount
Legal Description
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:
Marsha Allen · License KS AB00022528
(316) 806-6111
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 15 at 3:06PM
MLS# 681532
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.
The south side of a twin home offers 1,459 square feet of living space, with two bedrooms and a finished basement. The lower level includes a family room, full bathroom, laundry and mechanical room, and a non-conforming bonus room commonly used as a bedroom. Recent interior work includes new flooring and carpeting, fresh paint, replacement kitchen and bathroom cabinets, updated lighting, granite countertops, and a new backsplash. The kitchen also has a stove, dishwasher, and range hood.
An approximately 24-by-24-foot garage has an automatic opener and keypad. The dining area opens to a patio, and the yard is partially enclosed by chain-link fencing. The property is on a 0.14-acre lot in Derby, Kansas.
An approximately 24-by-24-foot garage has an automatic opener and keypad. The dining area opens to a patio, and the yard is partially enclosed by chain-link fencing. The property is on a 0.14-acre lot in Derby, Kansas.
Key Highlights
- South unit of a twin home with 1,459 square feet
- Finished basement with family room, full bathroom, laundry/mechanical room, and non‑conforming bonus room
- Approximately 24‑by‑24‑foot garage with automatic opener and keypad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,155
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
$243.1K
Cap Rate 7%
$173,643
$173.6K
Cap Rate 9%
$135,056
$135.1K
Market Conditions
NOI Build-Up for 1,459 SF
Gross rent
$23.6K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$22.1K $15.15/SF
− OpEx
−$9.9K −$6.82/SF
NOI
$12.2K $8.33/SF
Area
Sedgwick County, KS
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
Cap Rate 7%
$173,643
Cap Rate 9%
$135,056
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.6K
NOI $12,155 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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Business Placement
Demographics for 67037, KS
30,005
Population
12,680
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
96%
High-School Grad
53.6 sq mi
ZIP Area
560
Density / Sq Mi
$84,666
Median Household Income
$46,305
Median Earnings
$1,085
Median Rent
$227,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Sedgwick County, KS
Properties on Market for Residential income properties in Sedgwick County
Frequently Asked Questions
What type of property is this?
Residential income property - The south unit of a twin home has a finished basement, patio, and oversized two-car garage.
Where is this residential income property located?
The property is located at 1629 N Arrowhead Derby, KS.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: South unit of a twin home with 1,459 square feet; Finished basement with family room, full bathroom, laundry/mechanical room, and non‑conforming bonus room; Approximately 24‑by‑24‑foot garage with automatic opener and keypad
