Building Details

Building Size 3,816 SF

Year Built 2016

Buildings 1

Units 2

Listing Agency: Keller Williams Signature Partners, LLC k***@hotmail.com Show Phone

Listed By: Suzanne Smith Show Phone

Source: Albright-realty

Added: Oct 15 Changed: Nov 3 Last Checked: Nov 5 at 6:41PM

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Investment Insights

Based on property information with market context.

Built in 2016, this two-unit duplex contains 8 bedrooms and 6 bathrooms. Each residence has two bedrooms on the main level, including a primary bedroom with an en suite bathroom and step-in shower. Open living, dining, and kitchen areas feature granite countertops, with a hall bathroom and laundry also on the main floor. Finished daylight basements add a family room, two bedrooms, a bathroom, and storage to each side. The property also has a covered front porch and garage space for four cars.

The duplex is fully occupied and offers a potential owner-occupant option. Residents have access to a community pool, and the property has quick access to Highway 254 in an established neighborhood in Kechi, Kansas.

Key Highlights

• Two‑unit property with 8 bedrooms and 6 bathrooms
• Built in 2016
• Each unit has a finished daylight basement with a family room, 2 bedrooms, 1 bathroom, and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,907

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$638,140 $638.1K

Cap Rate 7%

$455,814 $455.8K

Cap Rate 9%

$354,522 $354.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,816 SF

Gross rent

$48.1K $12.60/SF

− Vacancy

−$2.5K −$0.66/SF

EGI

$45.6K $11.94/SF

− OpEx

−$13.7K −$3.58/SF

NOI

$31.9K $8.36/SF

Area

Sedgwick County, KS

Vacancy

5.20%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$638,140

Cap Rate 7%

$455,814

Cap Rate 9%

$354,522

Alternative Uses

Best Use

Multifamily LT 5

$455.8K

$398.8K – $531.8K (±1% cap)

NOI $31,907 @ 7.0% cap · market cap 7.60%

Second Best

Apartment 5plus

$420.4K

$367.9K – $490.5K (±1% cap)

NOI $29,429 @ 7.0% cap · market cap 7.01%

Theoretical Best

Office A

$795.4K

$695.9K – $927.9K (±1% cap)

NOI $55,675 @ 7.0% cap · market cap 13.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2

Residential units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 67067, KS

1,831

Population

862

Households

2.1

Avg Household Size

40

Median Age

52%

College-Educated

96%

High-School Grad

4.7 sq mi

ZIP Area

390

Density / Sq Mi

$98,750

Median Household Income

$55,568

Median Earnings

$1,610

Median Rent

$239,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Both residences include main-floor bedrooms, open living and kitchen areas, and additional finished space below grade.

Where is this duplex located?

The property is located at 2452-2454 E Quivira St Kechi, KS.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Two‑unit property with 8 bedrooms and 6 bathrooms; Built in 2016; Each unit has a finished daylight basement with a family room, 2 bedrooms, 1 bathroom, and storage