Ranch Residential Income
For Sale
$184,900
2877 S Cedar Crest Ct, Wichita, KS 67215
Residential, Wichita, KS
Property Size1,195 SF
Lot Size0.23 Acres
Price / SF$154.73
Days on Market167
Property Features for 2877 S Cedar Crest Ct
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Laundry Room, Kitchen, Bedroom 1, Bedroom 2
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Window Coverings-All
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
NONE LISTED ON TAX RECORD
Lot features
Cul-De-Sac, Standard
Elementary school
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
119th and Pawnee, South on 119th half mile to Graber. East on Graber. South to Cedarcrest Ct.
Standard status
Active
APN
30028817
Size
1,195 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 43 Blk C Bridger Pawnee Addition
Tax Annual Amount
2
HOA Fee
$1,020 Annually
Legal Description
Lot 43 Blk C 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
Flooring type
Laminate
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Added: Apr 26
Changed: Oct 8
Last Checked: Oct 9 at 5:06PM
MLS# 671927
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.
Located at 2877 S Cedar Crest Ct in Wichita, this under-construction ranch-style residential income property is designed as a zero-entry twin home. The residence includes three bedrooms, two bathrooms, a two-car garage, and a separate laundry room. Interior specifications include granite or quartz countertops, luxury vinyl tile flooring, enameled white trim, and an electric fireplace in the living room. The kitchen is arranged with an eating island, walk-in pantry, and stainless steel appliances. The primary suite includes a walk-in shower and walk-in closet.
The property sits on a 0.23-acre lot with a landscaped, fenced yard, patio, sprinkler system, and shared irrigation well. Heating is provided by natural gas forced air, while cooling is electric central air. Additional features include ceiling fans, window coverings, guttering, a composition roof, and natural gas availability. The property is in the Goddard School district and is scheduled for completion in 2026.
The property sits on a 0.23-acre lot with a landscaped, fenced yard, patio, sprinkler system, and shared irrigation well. Heating is provided by natural gas forced air, while cooling is electric central air. Additional features include ceiling fans, window coverings, guttering, a composition roof, and natural gas availability. The property is in the Goddard School district and is scheduled for completion in 2026.
Key Highlights
- 1,195‑square‑foot residential income property
- Three‑bedroom, two‑bathroom twin‑home design
- Zero‑step entry and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,167
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,340
$183.3K
Cap Rate 7%
$130,957
$131.0K
Cap Rate 9%
$101,856
$101.9K
Market Conditions
NOI Build-Up for 1,195 SF
Gross rent
$17.6K $14.76/SF
− Vacancy
−$970 −$0.81/SF
EGI
$16.7K $13.95/SF
− OpEx
−$7.5K −$6.28/SF
NOI
$9.2K $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 Rate 5%
$183,340
Cap Rate 7%
$130,957
Cap Rate 9%
$101,856
Alternative Uses
Best Use
Apartment 5plus
$131.0K
$114.6K – $152.8K
NOI $9,167 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction twin-home residence with accessible entry, fenced outdoor space, and a two-car garage.
Where is this residential income property located?
The property is located at 2877 S Cedar Crest Ct Wichita, KS.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1,195‑square‑foot residential income property; Three‑bedroom, two‑bathroom twin‑home design; Zero‑step entry and two‑car garage
