2-Unit
For Sale
$378,900
2625 W 55th St N, Wichita, KS 67217
Each residence includes three bedrooms, two bathrooms, and an attached garage.
Property Size2,352 SF
Price / SF$161.10
Days on Market9
Property Features for 2625 W 55th St N
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,165
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Angela Lujano
(316) 617-1422
Source:
Exprealty
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 2:25PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex in Wichita, Kansas, was built 6 years ago. It contains two residences, each with three bedrooms, two bathrooms, an attached two-car garage, and LVP flooring in the living areas.
The property is located on W 55th St N in Wichita.
The property is located on W 55th St N in Wichita.
Key Highlights
- 2,352 square feet in Wichita, Kansas
- Built 6 years ago
- Two units, each with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,420
$429.4K
Cap Rate 7%
$306,729
$306.7K
Cap Rate 9%
$238,567
$238.6K
Market Conditions
NOI Build-Up for 2,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.5K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.7K $13.04/SF
− OpEx
−$9.2K −$3.91/SF
NOI
$21.5K $9.13/SF
Area
ZIP 67217
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,420
Cap Rate 7%
$306,729
Cap Rate 9%
$238,567
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.4K – $357.9K
NOI $21,471 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,778 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 67217, KS
30,926
Population
13,477
Households
2.3
Avg Household Size
35
Median Age
12%
College-Educated
84%
High-School Grad
14.4 sq mi
ZIP Area
2,148
Density / Sq Mi
$54,767
Median Household Income
$37,094
Median Earnings
$1,006
Median Rent
$115,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence includes three bedrooms, two bathrooms, and an attached garage.
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 $378,900.
What are key features of this property?
This property features: 2,352 square feet in Wichita, Kansas; Built 6 years ago; Two units, each with 3 bedrooms and 2 bathrooms
