Duplex Townhomes with Split-Bedroom
For Sale
$355,000
2509-2507 W 55th St N, Wichita, KS 67204
The property is fully leased, with kitchen appliances included and HOA-managed mowing and sprinkler systems.
Property Size2,352 SF
Price / SF$150.94
Days on Market487
Property Features for 2509-2507 W 55th St N
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,171
Building Details
Building Size
2,352 SF
Year Built
2020
Units
2
Listing Agency:
Russell Real Resources LLC
(316) 516-7417
Listed By:
Bree Russell · License #BR SP00218596
Source:
Albright-realty
Added: Jul 8, 2025
Changed: Nov 2
Last Checked: Nov 4 at 6:05AM
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 Russell Real Resources LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this duplex has a split 3-bedroom layout with 2 full bathrooms. Interior features include granite counters, a walk-in pantry, and an owner's closet. Each townhome also offers an oversized garage and a partially covered patio bordered by wood privacy fencing on both sides. Kitchen appliances are included.
The property is fully leased. The HOA handles mowing and sprinkler systems for the neighborhood.
The property is fully leased. The HOA handles mowing and sprinkler systems for the neighborhood.
Key Highlights
- Duplex townhomes built in 2020
- Split 3‑bedroom layout with 2 full bathrooms
- Granite counters throughout; kitchen appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,396
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,920
$387.9K
Cap Rate 7%
$277,086
$277.1K
Cap Rate 9%
$215,511
$215.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$29.6K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.7K $11.78/SF
− OpEx
−$8.3K −$3.53/SF
NOI
$19.4K $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%
$387,920
Cap Rate 7%
$277,086
Cap Rate 9%
$215,511
Alternative Uses
Best Use
Multifamily LT 5
$277.1K
$242.5K – $323.3K
NOI $19,396 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$582.4K
$509.6K – $679.4K
NOI $40,765 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 67204, KS
21,932
Population
9,424
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
79%
High-School Grad
16.1 sq mi
ZIP Area
1,362
Density / Sq Mi
$68,549
Median Household Income
$39,258
Median Earnings
$976
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property is fully leased, with kitchen appliances included and HOA-managed mowing and sprinkler systems.
Where is this duplex located?
The property is located at 2509-2507 W 55th St N Wichita, KS.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Duplex townhomes built in 2020; Split 3‑bedroom layout with 2 full bathrooms; Granite counters throughout; kitchen appliances included
