Duplex with Oversized
1631 N Arrowhead, Derby, KS 67037
For Sale
New
$325,000
Residential Income, Derby, KS
Property Size2,918 SF
Lot Size0.28 Acres
Price / SF$111.38
Days on Market1
Property Features for 1631 N Arrowhead
General Information
Property type
Property subtype
Parking
Basement
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
patio
fenced yard
Building Details
Year built
Number of units
Flooring type
Building materials
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 13
Last Checked: Nov 13 at 11:06PM
MLS# 681907
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.
This 1979 duplex at 1629 and 1631 N Arrowhead contains 2,918 square feet on a 0.28-acre lot. Both units have finished basements with a family room, a non-conforming bonus room, a full bathroom, and a mechanical and laundry room. Each also has an oversized 24-by-24-foot garage with an automatic opener and keypad, plus a patio accessed from the dining area and a partially fenced yard.
The 1629 unit is vacant and features recent interior updates, including new flooring, paint, cabinets, lighting, granite counters, backsplash, stove, dishwasher, and range hood. The occupied 1631 unit has carpet and vinyl flooring, neutral walls, and an equipped kitchen.
The 1629 unit is vacant and features recent interior updates, including new flooring, paint, cabinets, lighting, granite counters, backsplash, stove, dishwasher, and range hood. The occupied 1631 unit has carpet and vinyl flooring, neutral walls, and an equipped kitchen.
Key Highlights
- Two‑unit duplex totaling 2,918 square feet on a 0.28‑acre lot
- Both finished basements include a family room, non‑conforming bonus room, full bath, and mechanical/laundry room
- Two oversized garages, each approximately 24' x 24', with automatic openers and keypads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,398
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,960
$488.0K
Cap Rate 7%
$348,543
$348.5K
Cap Rate 9%
$271,089
$271.1K
Market Conditions
NOI Build-Up for 2,918 SF
Gross rent
$36.8K $12.60/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$34.9K $11.94/SF
− OpEx
−$10.5K −$3.58/SF
NOI
$24.4K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,960
Cap Rate 7%
$348,543
Cap Rate 9%
$271,089
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$305.0K – $406.6K
NOI $24,398 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,309 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$608.2K
$532.2K – $709.6K
NOI $42,574 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
338
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
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Sedgwick County, KS
Properties on Market for Duplexes in Sedgwick County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes finished basements, patios, and partially fenced yards.
Where is this duplex located?
The property is located at 1631 N Arrowhead Derby, KS.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,918 square feet on a 0.28‑acre lot; Both finished basements include a family room, non‑conforming bonus room, full bath, and mechanical/laundry room; Two oversized garages, each approximately 24' x 24', with automatic openers and keypads
