Duplex with Attached Two-Car
For Sale
$355,500
2805-2807 W 55th Ct N, Wichita, KS 67204
Split-bedroom duplex with private outdoor space, included kitchen appliances, and neighborhood landscaping maintained through the HOA.
Property Size2,352 SF
Price / SF$151.15
Days on Market68
Property Features for 2805-2807 W 55th Ct 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 11
Changed: Oct 6
Last Checked: Oct 7 at 3:27PM
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.
Located at 2805-2807 W 55th Ct N in Wichita, this duplex was built in 2020 and contains 2,352 square feet. The layout uses a split three-bedroom configuration, placing the owner's suite apart from the additional bedrooms, with two full bathrooms serving the residence. Each side includes a two-car attached garage and a covered rear patio.
Interior finishes include granite countertops throughout, white trim, and kitchen appliances included with the purchase. The HOA manages mowing and sprinkler systems across the neighborhood, reducing exterior maintenance responsibilities. A package consisting of several duplexes on the same street is also available as an option.
Interior finishes include granite countertops throughout, white trim, and kitchen appliances included with the purchase. The HOA manages mowing and sprinkler systems across the neighborhood, reducing exterior maintenance responsibilities. A package consisting of several duplexes on the same street is also available as an option.
Key Highlights
- 2,352‑square‑foot duplex built in 2020
- Split three‑bedroom layout with owner's suite privacy and two full bathrooms
- Two‑car attached garage and covered rear patio
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 11.47%
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
83
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-bedroom duplex with private outdoor space, included kitchen appliances, and neighborhood landscaping maintained through the HOA.
Where is this duplex located?
The property is located at 2805-2807 W 55th Ct N Wichita, KS.
What is the asking price?
The asking price for this property is $355,500.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 2020; Split three‑bedroom layout with owner's suite privacy and two full bathrooms; Two‑car attached garage and covered rear patio
