Modern-Finish
For Sale
$375,000
16322-16324 W Lynndale St, Goddard, KS 67052
Both residences offer three-bedroom layouts, private outdoor areas, and lawn care covered by the HOA.
Property Size2,640 SF
Price / SF$142.05
Days on Market200
Property Features for 16322-16324 W Lynndale St
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,481
Building Details
Building Size
2,640 SF
Year Built
2024
Buildings
1
Units
2
Listing Agency:
Russell Real Resources LLC
(316) 516-7417
Listed By:
Bree Russell · License #BR SP00218596
Source:
Albright-realty
Added: Apr 21
Changed: Nov 2
Last Checked: Nov 4 at 6:05AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two residences, each with a three-bedroom split floor plan and two full bathrooms. The primary suite includes a walk-in shower and closet; the second bath has a tub and shower. Interior details include LVP flooring, vaulted living areas, nine-foot ceilings, quartz countertops in the kitchen and bathrooms, and a walk-in pantry. Each home also has a covered patio and a fenced backyard.
The property is adjacent to the Goddard-Eisenhower school district campus in Goddard, west of Wichita and near local shopping and entertainment. Kellogg US54/KS400 is located north of the property.
The HOA covers lawn care, while residents are responsible for utilities. The duplex may be purchased individually or as part of a duplex package.
The property is adjacent to the Goddard-Eisenhower school district campus in Goddard, west of Wichita and near local shopping and entertainment. Kellogg US54/KS400 is located north of the property.
The HOA covers lawn care, while residents are responsible for utilities. The duplex may be purchased individually or as part of a duplex package.
Key Highlights
- 2024 construction with two three‑bedroom residences
- Each side has two full bathrooms and a primary suite with walk‑in shower and closet
- Quartz countertops in kitchens and both bathrooms, plus LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,074
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,480
$441.5K
Cap Rate 7%
$315,343
$315.3K
Cap Rate 9%
$245,267
$245.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$33.3K $12.60/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$31.5K $11.94/SF
− OpEx
−$9.5K −$3.58/SF
NOI
$22.1K $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%
$441,480
Cap Rate 7%
$315,343
Cap Rate 9%
$245,267
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,074 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$290.9K
$254.5K – $339.3K
NOI $20,360 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 67052, KS
8,977
Population
3,081
Households
2.9
Avg Household Size
36
Median Age
39%
College-Educated
98%
High-School Grad
51.8 sq mi
ZIP Area
173
Density / Sq Mi
$104,044
Median Household Income
$48,428
Median Earnings
$1,372
Median Rent
$253,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three-bedroom layouts, private outdoor areas, and lawn care covered by the HOA.
Where is this duplex located?
The property is located at 16322-16324 W Lynndale St Goddard, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2024 construction with two three‑bedroom residences; Each side has two full bathrooms and a primary suite with walk‑in shower and closet; Quartz countertops in kitchens and both bathrooms, plus LVP flooring
