Duplex with Existing
For Sale
$170,000
2673 S Holyoke St, Wichita, KS 67210
Residential Income, Wichita, KS
Property Size2,024 SF
Lot Size0.26 Acres
Price / SF$83.99
Days on Market204
Property Features for 2673 S Holyoke St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Disposal, Range, Refrigerator
Elementary school
Colvin
Middle school
Mead
High school
East
Elementary school district
Wichita School District (USD 259)
Middle school district
Wichita School District (USD 259)
High school district
Wichita School District (USD 259)
Directions
From pawnee and Hillside, head south to Roseberry. Turn left on Holyoke
Subdivision
SCKMLS
Standard status
Active
APN
211-02-0-22-04-024.00
Size
2,024 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 53 BLOCK G PLANEVIEW SUB. NO. 1
Tax Annual Amount
774
Legal Description
LOT 53 BLOCK G PLANEVIEW SUB. NO. 1
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1941
Number of units
2
Flooring type
Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lyn Hett
(316) 350-7971
Added: Mar 6
Changed: Sep 15
Last Checked: Sep 26 at 1:06AM
MLS# 669286
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.
Investment Insights
Based on property information with market context.
This duplex contains 2,024 square feet on a 0.26-acre lot and was built in 1941. The two units offer distinct layouts: one includes 3 bedrooms and 1 bathroom, while the other provides 3 bedrooms and 2 bathrooms. Existing tenants are in place, and property access is coordinated through the listing agent and property management.
The frame-built property features carpeted flooring, composition roofing, electric cooling, and forced-air heating powered by natural gas. Appliances include a range, refrigerator, and disposal. Public water serves the property, with natural gas available. The seller has also indicated that the duplex may be considered with additional properties as part of a package.
The frame-built property features carpeted flooring, composition roofing, electric cooling, and forced-air heating powered by natural gas. Appliances include a range, refrigerator, and disposal. Public water serves the property, with natural gas available. The seller has also indicated that the duplex may be considered with additional properties as part of a package.
Key Highlights
- 2,024‑square‑foot duplex on a 0.26‑acre lot
- Unit mix includes 3 bed/1 bath and 3 bed/2 bath layouts
- Tenants currently occupy the property
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
$15,527
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
9.13%
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%
$310,540
$310.5K
Cap Rate 7%
$221,814
$221.8K
Cap Rate 9%
$172,522
$172.5K
Market Conditions
NOI Build-Up for 2,024 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
$29.9K $14.76/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$28.2K $13.95/SF
− OpEx
−$12.7K −$6.28/SF
NOI
$15.5K $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 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%
$310,540
Cap Rate 7%
$221,814
Cap Rate 9%
$172,522
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.2K
NOI $16,691 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$221.8K
$194.1K – $258.8K
NOI $15,527 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$501.1K
$438.5K – $584.7K
NOI $35,080 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 67210, KS
8,705
Population
3,676
Households
2.4
Avg Household Size
30
Median Age
20%
College-Educated
78%
High-School Grad
12.4 sq mi
ZIP Area
702
Density / Sq Mi
$52,966
Median Household Income
$29,459
Median Earnings
$905
Median Rent
$180,700
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with occupied units, separate bedroom and bath layouts, and established household appliances.
Where is this duplex located?
The property is located at 2673 S Holyoke St Wichita, KS.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 2,024‑square‑foot duplex on a 0.26‑acre lot; Unit mix includes 3 bed/1 bath and 3 bed/2 bath layouts; Tenants currently occupy the property
