Fully Leased Duplex with
For Sale
$355,000
2701-2703 W 55th St N, Wichita, KS 67204
Split three-bedroom layouts provide owner’s suite privacy, two full bathrooms, and efficient kitchen finishes.
Property Size2,352 SF
Price / SF$150.94
Days on Market62
Property Features for 2701-2703 W 55th St N
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Building Details
Year Built
2020
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 7 at 2:12PM
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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Investment Insights
Based on property information with market context.
This 2020-built duplex contains 2,352 square feet and is fully leased. The floor plan uses a split three-bedroom arrangement, separating the owner’s suite for added privacy while providing two full bathrooms. Granite countertops, white trim, and included kitchen appliances add consistent finish details throughout the property.
Outdoor features include partially covered patios with wood privacy fencing on both sides. The Watermarke Villas HOA handles neighborhood mowing and sprinkler systems. The property is located at 2701-2703 W 55th St N in Wichita, Kansas.
Outdoor features include partially covered patios with wood privacy fencing on both sides. The Watermarke Villas HOA handles neighborhood mowing and sprinkler systems. The property is located at 2701-2703 W 55th St N in Wichita, Kansas.
Key Highlights
- Fully leased duplex at 2701‑2703 W 55th St N, Wichita, KS 67204
- Built in 2020 with 2,352 square feet
- Split 3 bedroom layout with 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,396
Cap Rate
5.46%
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 5.46%
Second Best
Apartment 5plus
$257.8K
$225.5K – $300.7K
NOI $18,043 @ 7.0% cap · market cap 5.08%
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
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Split three-bedroom layouts provide owner’s suite privacy, two full bathrooms, and efficient kitchen finishes.
Where is this duplex located?
The property is located at 2701-2703 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: Fully leased duplex at 2701‑2703 W 55th St N, Wichita, KS 67204; Built in 2020 with 2,352 square feet; Split 3 bedroom layout with 2 full bathrooms
