Remodeled Side-by-Side
For Sale
$160,000
1952-1954 N Chautauqua Ave, Wichita, KS 67214
Updated mirror-image units provide separate two-bedroom, one-bath layouts near WSU.
Property Size1,248 SF
Price / SF$128.21
Days on Market70
Property Features for 1952-1954 N Chautauqua Ave
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Exp Realty, LLC
Listed By:
Bonnie Dalleo
(860) 906-7214
Source:
Highpointks
Added: Aug 10
Changed: Oct 15
Last Checked: Oct 16 at 10:11AM
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 Exp Realty, LLC
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two mirror-image units, each with 2 bedrooms and 1 full bathroom, within 1,248 square feet. Originally built in 1950, the property has undergone extensive remodeling that includes updated electrical, plumbing, sewer drains, HVAC mini-splits with heating and cooling, roofing, gutters, siding, windows, flooring, kitchen cabinets, countertops, and garbage disposals.
Both units are occupied under month-to-month leases. The duplex is located near WSU and offers a separately configured residential income property with substantial improvements already completed.
Both units are occupied under month-to-month leases. The duplex is located near WSU and offers a separately configured residential income property with substantial improvements already completed.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 1,248 square feet across the duplex
- Extensively remodeled, including electrical, plumbing, sewer drains, roof, siding, windows, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,292
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,840
$205.8K
Cap Rate 7%
$147,029
$147.0K
Cap Rate 9%
$114,356
$114.4K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$15.7K $12.60/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$14.7K $11.78/SF
− OpEx
−$4.4K −$3.53/SF
NOI
$10.3K $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 Rate 5%
$205,840
Cap Rate 7%
$147,029
Cap Rate 9%
$114,356
Alternative Uses
Best Use
Multifamily LT 5
$147.0K
$128.7K – $171.5K
NOI $10,292 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$136.8K
$119.7K – $159.6K
NOI $9,574 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$309.0K
$270.4K – $360.5K
NOI $21,631 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated mirror-image units provide separate two-bedroom, one-bath layouts near WSU.
Where is this duplex located?
The property is located at 1952-1954 N Chautauqua Ave Wichita, KS.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 1,248 square feet across the duplex; Extensively remodeled, including electrical, plumbing, sewer drains, roof, siding, windows, and flooring
