Three-Bedroom Residential Income
2519-2521 W 55th St N, Wichita, KS 67204
For Sale
$355,000
Granite counters, included kitchen appliances, and HOA-managed mowing and sprinklers support straightforward upkeep.
Property Size2,352 SF
Price / SF$150.94
Days on Market48
Property Features for 2519-2521 W 55th St N
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License KS BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Sep 24
Changed: Nov 9
Last Checked: Oct 7 at 5:38PM
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
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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 2,352-square-foot residential income property features a split three-bedroom layout and two full bathrooms. Interior finishes include granite countertops and white trim, with kitchen appliances included. A partially covered patio opens to a fenced backyard with privacy fencing along the sides.
The HOA manages neighborhood mowing and sprinkler systems, providing shared upkeep of those areas.
The HOA manages neighborhood mowing and sprinkler systems, providing shared upkeep of those areas.
Key Highlights
- 2,352 square feet; built in 2020
- Split three‑bedroom floor plan with two full bathrooms
- Granite countertops and kitchen appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,043
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,860
$360.9K
Cap Rate 7%
$257,757
$257.8K
Cap Rate 9%
$200,478
$200.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$34.7K $14.76/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$32.8K $13.95/SF
− OpEx
−$14.8K −$6.28/SF
NOI
$18.0K $7.67/SF
Area
Wichita, KS
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,860
Cap Rate 7%
$257,757
Cap Rate 9%
$200,478
Alternative Uses
Best Use
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
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
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
$148,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Wichita, KS
Properties on Market for Residential income properties in Wichita
Frequently Asked Questions
What type of property is this?
Residential income property - Granite counters, included kitchen appliances, and HOA-managed mowing and sprinklers support straightforward upkeep.
Where is this residential income property located?
The property is located at 2519-2521 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 feet; built in 2020; Split three‑bedroom floor plan with two full bathrooms; Granite countertops and kitchen appliances included
