Leased Duplex Unit with Attached
179 N Indian Lakes Dr Clearwater, KS 67147
179 N Indian Lakes Dr, Clearwater, KS, 67147
$129,900
For Sale
$129,900
SINGLE_FAMILY - Other - Clearwater, KS
Property Size1,050 SF
Lot Size0.11 Acres
Price / SF$123.71
Days on Market20
Property Features for 179 N Indian Lakes Dr
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 1, Kitchen, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Appliances
- Dishwasher, Microwave, Refrigerator, Range
- Standard status
- Active
- APN
- 30030023
- Size
- 1,050 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Long legal. See taxes in Property Information Packet.
- Tax Annual Amount
- 2559
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
McCurdy Real Estate & Auction, LLC
(316) 867-3600
12041 E 13th St N, wichita, KS
Listed by
Braden McCurdy · License #BR00052737
(316) 683-0612
Added: Jul 1 Updated: Jul 18 at 3:06 am Checked: Jul 20 at 2:06 pm
MLS# 675546
Listing URL
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 for-sale duplex unit offers an open-concept floor plan with three bedrooms and two full bathrooms. The spacious kitchen includes a large island and granite countertops, with stainless steel appliances included: refrigerator, range/oven, dishwasher, and microwave. The primary suite includes a full bath and generous closet space. Washer/dryer hookups are provided, and the home features low-maintenance slab construction with no basement.
The unit has its own legal description, and the duplex units are connected only at the garage walls, which is designed to provide added privacy and reduce noise transfer. Exterior features include a covered front porch with cedar posts, a sprinkler system, and both driveway and street parking.
The property is currently leased with a fixed lease term through 11/30/2026, providing in-place rental income. The seller notes that photos may represent the property as representative of the units available.
The unit has its own legal description, and the duplex units are connected only at the garage walls, which is designed to provide added privacy and reduce noise transfer. Exterior features include a covered front porch with cedar posts, a sprinkler system, and both driveway and street parking.
The property is currently leased with a fixed lease term through 11/30/2026, providing in-place rental income. The seller notes that photos may represent the property as representative of the units available.
Key Highlights
- Leased duplex unit with fixed income of $1,295/month through 11/30/2026
- 2024‑built duplex unit with approx. 1,050 SF, 3 bedrooms, and 2 full bathrooms
- Open‑concept layout with kitchen island, granite countertops, and stainless steel appliances (range, dishwasher, microwave, refrigerator included)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.2k | $12.60 |
| − Vacancy | −$688 | −$0.66 |
| EGI | $12.5k | $11.94 |
| − OpEx | −$3.8k | −$3.58 |
| NOI | $8.8k | $8.36 |
1,050 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$125.4K
$109.7K – $146.3K
NOI $8,779 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$115.7K
$101.2K – $135.0K
NOI $8,098 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$218.8K
$191.5K – $255.3K
NOI $15,319 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex unit with an open-concept layout, three bedrooms, two full baths, and an attached one-car garage.
Where is this duplex located?
The property is located at 179 N Indian Lakes Dr Clearwater, KS.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Leased duplex unit with fixed income of $1,295/month through 11/30/2026; 2024‑built duplex unit with approx. 1,050 SF, 3 bedrooms, and 2 full bathrooms; Open‑concept layout with kitchen island, granite countertops, and stainless steel appliances (range, dishwasher, microwave, refrigerator included)
