Four-Duplex Residential
For Sale
$264,900
1912 N Hydraulic, Wichita, KS 67214
Built in 2022, the leased units feature three-bedroom layouts, granite finishes, and attached garages.
Property Size1,988 SF
Price / SF$133.25
Days on Market75
Property Features for 1912 N Hydraulic
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Multi-Family
Occupancy
100%
Amenities
open concept living, dining and kitchen area
granite countertops
impact resistant roof
Building Details
Year Built
2022
Buildings
4
Listing Agency:
Keller Williams Signature Partners, LLC
Listed By:
Randy Ambrose · License #00050774B
(316) 312-3079
Source:
Highpointks
Added: Aug 2
Changed: Oct 15
Last Checked: Oct 7 at 4:14PM
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 Keller Williams Signature Partners, LLC
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Investment Insights
Based on property information with market context.
This residential offering includes four duplexes being marketed together. Constructed in 2022, the properties are fully leased and designed for straightforward residential occupancy. Each unit offers an open living, dining, and kitchen arrangement, three bedrooms, and two bathrooms. Granite countertops, an insulated single-car attached garage, and a 50-year impact-resistant roof are included with each unit.
The package is located at 1912 N Hydraulic in Wichita, Kansas. The combination of contemporary construction, consistent unit layouts, attached garages, and durable roofing provides a uniform physical profile across the offering. The properties are currently leased as a group of duplex assets.
The package is located at 1912 N Hydraulic in Wichita, Kansas. The combination of contemporary construction, consistent unit layouts, attached garages, and durable roofing provides a uniform physical profile across the offering. The properties are currently leased as a group of duplex assets.
Key Highlights
- Four duplexes offered together as one package
- Built in 2022
- Each unit includes three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,394
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,880
$327.9K
Cap Rate 7%
$234,200
$234.2K
Cap Rate 9%
$182,156
$182.2K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$25.0K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.4K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.4K $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 Rate 5%
$327,880
Cap Rate 7%
$234,200
Cap Rate 9%
$182,156
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$204.9K – $273.2K
NOI $16,394 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$217.9K
$190.6K – $254.2K
NOI $15,251 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$492.2K
$430.7K – $574.3K
NOI $34,456 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Demographics for 67214, KS
15,936
Population
8,197
Households
1.9
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
5.3 sq mi
ZIP Area
3,007
Density / Sq Mi
$36,636
Median Household Income
$25,518
Median Earnings
$752
Median Rent
$72,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2022, the leased units feature three-bedroom layouts, granite finishes, and attached garages.
Where is this duplex located?
The property is located at 1912 N Hydraulic Wichita, KS.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Four duplexes offered together as one package; Built in 2022; Each unit includes three bedrooms and two bathrooms
