New Duplex Investment
224 N Green St Wichita, KS 67214
New
For Sale
$350,000
MULTI_FAMILY - Wichita, KS
Property Size2,110 SF
Lot Size0.15 Acres
Price / SF$165.88
Days on Market2
Property Features for 224 N Green St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Parking
- 2
- Standard status
- Active
- APN
- 087-125-22-0-13-02-007.00
- Size
- 2,110 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 24-26 GREEN ST. FIREBAUGH'S SUB. BLK. 3 CHAUTAUQUA ADD. EXEMPT #1997-9995-TX
- Tax Annual Amount
- 162
Utilities
- Heating system
- Forced Air
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Edna Martinez
(316) 559-5325
Added: Jul 25
Last Checked: Jul 26 at 11:06PM
MLS# 676537
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 brand-new, modern duplex offers a two-unit residential income setup with each unit featuring three bedrooms and two bathrooms. The layouts are open and connected, with the kitchen, dining, and living areas designed to flow together. Both units include in-unit laundry hookups, along with spacious bedroom accommodations and functional floor plans.
Located at 224 N Green St in Wichita, Kansas (Sedgwick County), the property is positioned for buyers seeking an income-producing duplex with the benefits commonly associated with a newly constructed home, including modern systems and reduced long-term maintenance.
With two independently arranged units, this property can support a traditional rental structure where both sides generate rental income, while also allowing an owner-occupant to live in one unit and rent the other, depending on the buyer’s intended use.
Located at 224 N Green St in Wichita, Kansas (Sedgwick County), the property is positioned for buyers seeking an income-producing duplex with the benefits commonly associated with a newly constructed home, including modern systems and reduced long-term maintenance.
With two independently arranged units, this property can support a traditional rental structure where both sides generate rental income, while also allowing an owner-occupant to live in one unit and rent the other, depending on the buyer’s intended use.
Key Highlights
- Brand‑new 2026 duplex at 224 N Green St, currently under construction
- Frame construction with composition roof
- Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept kitchen, dining, and living layout
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 | $26.6k | $12.60 |
| − Vacancy | −$1.7k | −$0.82 |
| EGI | $24.9k | $11.78 |
| − OpEx | −$7.5k | −$3.53 |
| NOI | $17.4k | $8.25 |
2,110 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.6K
$217.5K – $290.0K
NOI $17,401 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.8K
NOI $16,187 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$522.4K
$457.1K – $609.5K
NOI $36,571 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new duplex with two units, each offering three bedrooms, two baths, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 224 N Green St Wichita, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brand‑new 2026 duplex at 224 N Green St, currently under construction; Frame construction with composition roof; Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept kitchen, dining, and living layout
