Duplex with Attached
For Sale
$360,000
2625 W 55th St N, Wichita, KS 67204
Residential Income, Wichita, KS
Property Size2,352 SF
Lot Size0.24 Acres
Price / SF$153.06
Days on Market50
Property Features for 2625 W 55th St N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Subdivision
Northgate
Elementary school
Valley Center
Middle school
Valley Center
High school
Valley Center
Elementary school district
Valley Center Pub School (USD 262)
Middle school district
Valley Center Pub School (USD 262)
High school district
Valley Center Pub School (USD 262)
Directions
From 53rd St North and Meridian Avenue take Meridian north to 55th St, turn left (West).
Standard status
Active
APN
30015028
Size
2,352 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 BLOCK D NORTHGATE 4TH ADDITION
Tax Annual Amount
4165
HOA Fee
$1,500 Annually
Legal Description
LOT 8 BLOCK D NORTHGATE 4TH ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Central, Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2020
Number of units
2
Flooring type
Wood, Concrete
Building materials
Brick Veneer, Frame
Roof type
Composition
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Angela Lujano
(316) 617-1422
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 6 at 7:06AM
MLS# 679325
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.
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Investment Insights
Based on property information with market context.
Built in 2020, this Wichita duplex contains two 3-bedroom, 2-bathroom units with a combined 2,352 square feet. Each residence has an attached 2-car garage and LVP flooring in its living areas. The property occupies a 0.2355-acre lot and has brick veneer and frame construction.
Central, forced-air natural gas heating, electric cooling, a composition roof, and public water serve the property. Natural gas is available.
Central, forced-air natural gas heating, electric cooling, a composition roof, and public water serve the property. Natural gas is available.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,352 square feet of building area
- Built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,396
Cap Rate
5.39%
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 5.39%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$582.4K
$509.6K – $679.4K
NOI $40,765 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two bathrooms, and LVP flooring in the living areas.
Where is this duplex located?
The property is located at 2625 W 55th St N Wichita, KS.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,352 square feet of building area; Built in 2020
