Zero-Entry Duplex with Attached
For Sale
$189,900
2791 S CEDAR CREST ST, Wichita, KS 67215
Residential, Wichita, KS
Property Size1,232 SF
Lot Size0.22 Acres
Price / SF$154.14
Days on Market19
Property Features for 2791 S CEDAR CREST ST
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Kitchen, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
Bridger Pawnee Addition - Pawnee Crossing
Lot features
Standard
Elementary school
Amelia Earhart
Middle school
Goddard
High school
Robert Goddard
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
Turn east off of 119th st. onto Graber st. Continue east until turning north onto Cedar Crest.
Standard status
Active
APN
30028703
Size
1,232 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 10 BLOCK A BRIDGER PAWNEE ADDITION
Tax Annual Amount
7
HOA Fee
$85 Annually
Legal Description
LOT 10 BLOCK A BRIDGER PAWNEE ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
2026
Floors in Building
1
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Hometown Partners · Keller Williams Realty
(316) 729-8500
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Added: Aug 13
Changed: Aug 27
Last Checked: Aug 31 at 6:06PM
MLS# 677516
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 ranch-style duplex is under construction and includes 1,232 square feet on a 0.22-acre lot. The layout provides three bedrooms, two bathrooms, a laundry room, and a two-car attached garage. Zero-step access is available at the front and side doors.
Interior finishes include luxury vinyl plank flooring, ceiling fans, walk-in closets, and a kitchen with a walk-in pantry and bar seating. Appliances include a range, microwave, refrigerator, dishwasher, and disposal. Forced-air natural gas heating and central electric air conditioning are specified, along with a patio, guttering, sprinkler system, composition roofing, and natural gas availability. The property faces east toward a pond and is planned for completion in 2026.
Interior finishes include luxury vinyl plank flooring, ceiling fans, walk-in closets, and a kitchen with a walk-in pantry and bar seating. Appliances include a range, microwave, refrigerator, dishwasher, and disposal. Forced-air natural gas heating and central electric air conditioning are specified, along with a patio, guttering, sprinkler system, composition roofing, and natural gas availability. The property faces east toward a pond and is planned for completion in 2026.
Key Highlights
- Duplex under construction with 1,232 square feet on 0.22 acres
- Three bedrooms and two bathrooms
- Two‑car attached garage with zero‑step entry at front and side doors
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
$10,160
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
5.35%
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%
$203,200
$203.2K
Cap Rate 7%
$145,143
$145.1K
Cap Rate 9%
$112,889
$112.9K
Market Conditions
NOI Build-Up for 1,232 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
$15.5K $12.60/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$14.5K $11.78/SF
− OpEx
−$4.4K −$3.53/SF
NOI
$10.2K $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 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%
$203,200
Cap Rate 7%
$145,143
Cap Rate 9%
$112,889
Alternative Uses
Best Use
Multifamily LT 5
$145.1K
$127.0K – $169.3K
NOI $10,160 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,451 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$305.0K
$266.9K – $355.9K
NOI $21,353 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
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
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 - Ranch-style duplex under construction with LVP flooring, an equipped kitchen, and an east-facing outlook over a pond.
Where is this duplex located?
The property is located at 2791 S CEDAR CREST ST Wichita, KS.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Duplex under construction with 1,232 square feet on 0.22 acres; Three bedrooms and two bathrooms; Two‑car attached garage with zero‑step entry at front and side doors
