Duplex with Attached
For Sale
$355,000
2515-2513 W 55th St N, Wichita, KS 67204
The property features a split-bedroom plan, two full bathrooms, and covered rear patio space.
Property Size2,352 SF
Price / SF$150.94
Days on Market58
Property Features for 2515-2513 W 55th St N
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Amenities
covered rear patio
Building Details
Year Built
2020
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 7 at 3:42PM
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
Investment Insights
Based on property information with market context.
Built in 2020, this 2,352-square-foot duplex at 2515-2513 W 55th St N includes a split three-bedroom floor plan, two full bathrooms, and a two-car attached garage. A covered rear patio adds outdoor living space, while granite countertops and white trim provide consistent interior finishes. Kitchen appliances are included with the purchase.
The Watermarke Villas neighborhood is maintained through an HOA that handles mowing and sprinkler systems throughout the community. The property is offered with the option to acquire several duplexes on the same street, providing flexibility for a larger purchase.
The Watermarke Villas neighborhood is maintained through an HOA that handles mowing and sprinkler systems throughout the community. The property is offered with the option to acquire several duplexes on the same street, providing flexibility for a larger purchase.
Key Highlights
- 2,352‑square‑foot duplex built in 2020
- Split 3‑bedroom floor plan with 2 full bathrooms
- Two‑car attached garage and covered rear patio
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
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property features a split-bedroom plan, two full bathrooms, and covered rear patio space.
Where is this duplex located?
The property is located at 2515-2513 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: 2,352‑square‑foot duplex built in 2020; Split 3‑bedroom floor plan with 2 full bathrooms; Two‑car attached garage and covered rear patio
