Duplex with Two-Car
For Sale
$365,000
17018 W Lawson St, Wichita, KS 67052
MULTI_FAMILY - Other - Wichita, KS
Property Size2,224 SF
Lot Size0.17 Acres
Price / SF$164.12
Days on Market96
Property Features for 17018 W Lawson St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
6
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
CYPRESS GLEN
Elementary school
Explorer
Middle school
Eisenhower
High school
Robert Goddard
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
From Maple & 167th: North on 167th turn West on Kashmir to where it joins with Lawson to home
Standard status
Active
APN
30024049
Size
2,224 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 13 BLOCK A CYPRESS GLEN ADDITION
Tax Annual Amount
1
HOA Fee
$1,800 Annually
Legal Description
LOT 13 BLOCK A CYPRESS GLEN ADDITION
Utilities
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
privacy-fenced yard
Building Details
Year built
2025
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Chris Greene · License #00236722
(316) 617-6516
Added: May 30
Changed: Aug 5
Last Checked: Sep 2 at 12:06PM
MLS# 673803
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.
Investment Insights
Based on property information with market context.
This under-construction duplex measures 2,224 square feet on a 0.1744-acre lot, with each residence offering 3 bedrooms, 2 bathrooms, and a 2-car garage. LVP flooring is planned throughout, while the kitchens include quartz countertops, pantry storage, a range, refrigerator, dishwasher, and microwave. Each primary bedroom includes an en suite bathroom and walk-in closet. Privacy fencing defines the outdoor yards, and the property is designed with frame construction, composition roofing, forced-air heating, electric cooling, and public water service.
The property is located at 17018 W Lawson St in Wichita, Sedgwick County, Kansas, within ZIP Code 67052. Construction is identified for 2025, with the residence configuration providing two separate living units in one multifamily asset.
The property is located at 17018 W Lawson St in Wichita, Sedgwick County, Kansas, within ZIP Code 67052. Construction is identified for 2025, with the residence configuration providing two separate living units in one multifamily asset.
Key Highlights
- 2025 construction currently under construction
- Two units, each with 3 bedrooms and 2 bathrooms
- Each unit includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,820
$366.8K
Cap Rate 7%
$262,014
$262.0K
Cap Rate 9%
$203,789
$203.8K
Market Conditions
NOI Build-Up for 2,224 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.0K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$26.2K $11.78/SF
− OpEx
−$7.9K −$3.53/SF
NOI
$18.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,820
Cap Rate 7%
$262,014
Cap Rate 9%
$203,789
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.3K – $305.7K
NOI $18,341 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$243.7K
$213.3K – $284.4K
NOI $17,061 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$550.7K
$481.8K – $642.5K
NOI $38,547 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers modern finishes, private suites, fenced outdoor space, and convenient garage parking.
Where is this duplex located?
The property is located at 17018 W Lawson St Wichita, KS.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2025 construction currently under construction; Two units, each with 3 bedrooms and 2 bathrooms; Each unit includes a 2‑car garage
