Duplex with Attached
For Sale
$379,800
2787 S Cedar Crest, Wichita, KS 67215
East-facing windows look toward a pond, with a sunrise outlook from the property.
Property Size2,464 SF
Price / SF$154.14
Days on Market19
Property Features for 2787 S Cedar Crest
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Hometown Partners
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Source:
Highpointks
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 7 at 5:24PM
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 Keller Williams Hometown Partners
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Investment Insights
Based on property information with market context.
This 2,464-square-foot duplex, built in 2026, has two zero-entry front and side doors and an attached two-car garage. Luxury vinyl plank flooring runs throughout. The kitchen includes bar seating, a walk-in pantry, a range, microwave, refrigerator, and dishwasher. The property is oriented east toward a pond.
Key Highlights
- 2,464‑square‑foot duplex built in 2026
- Attached two‑car garage
- Two zero‑entry front and side doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,320
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,400
$406.4K
Cap Rate 7%
$290,286
$290.3K
Cap Rate 9%
$225,778
$225.8K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$31.0K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.0K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.3K $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%
$406,400
Cap Rate 7%
$290,286
Cap Rate 9%
$225,778
Alternative Uses
Best Use
Multifamily LT 5
$290.3K
$254.0K – $338.7K
NOI $20,320 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$270.0K
$236.3K – $315.1K
NOI $18,903 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$610.1K
$533.8K – $711.8K
NOI $42,707 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 67215, KS
6,451
Population
2,266
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
375
Density / Sq Mi
$110,329
Median Household Income
$48,691
Median Earnings
$1,336
Median Rent
$222,500
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 - East-facing windows look toward a pond, with a sunrise outlook from the property.
Where is this duplex located?
The property is located at 2787 S Cedar Crest Wichita, KS.
What is the asking price?
The asking price for this property is $379,800.
What are key features of this property?
This property features: 2,464‑square‑foot duplex built in 2026; Attached two‑car garage; Two zero‑entry front and side doors
