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 Market45
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: Oct 26
Last Checked: Nov 1 at 11:32AM
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
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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 / Yr
$21,471
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 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
