Duplex with Two-Car
203 S Vine St, Wichita, KS 67213
For Sale
$378,000
Both vacant residences feature open-plan interiors with granite countertops and LVP flooring.
Property Size2,280 SF
Price / SF$165.79
Days on Market16
Property Features for 203 S Vine St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
High Point Realty, LLC
(316) 990-5740
Listed By:
Bobby Armstrong · License KS #00242566
(316) 990-0712
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 6:28PM
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 High Point Realty, LLC
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Investment Insights
Based on property information with market context.
This newly built duplex contains two vacant residences, each with three bedrooms, two bathrooms, an open-concept layout, granite countertops, LVP flooring, and a two-car garage. The units are ready for occupancy, with no HOA or special taxes reported.
The property is in Wichita’s Delano area, near downtown Wichita and major highway access.
The property is in Wichita’s Delano area, near downtown Wichita and major highway access.
Key Highlights
- Newly built duplex with both units vacant
- Each unit has 3 bedrooms and 2 bathrooms
- Two‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,802
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,040
$376.0K
Cap Rate 7%
$268,600
$268.6K
Cap Rate 9%
$208,911
$208.9K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$28.7K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$26.9K $11.78/SF
− OpEx
−$8.1K −$3.53/SF
NOI
$18.8K $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%
$376,040
Cap Rate 7%
$268,600
Cap Rate 9%
$208,911
Alternative Uses
Best Use
Multifamily LT 5
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$564.5K
$494.0K – $658.6K
NOI $39,517 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 67213, KS
21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Wichita, KS
Properties on Market for Duplexes in Wichita
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both vacant residences feature open-plan interiors with granite countertops and LVP flooring.
Where is this duplex located?
The property is located at 203 S Vine St Wichita, KS.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: Newly built duplex with both units vacant; Each unit has 3 bedrooms and 2 bathrooms; Two‑car garage for each residence
