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Zero-Entry Duplex with Twin Homes
For Sale
$184,900

2881 S Cedar Crest Ct, Wichita, KS 67215

Residential, Wichita, KS

Property Size1,195 SF
Lot Size0.20 Acres
Price / SF$154.73
Days on Market167

Property Features for 2881 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 1, Bedroom 2, Bathroom 1, Kitchen, Bedroom 3, Laundry Room, Bathroom 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 30028816
Size 1,195 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 42 Blk C Bridger Pawnee Addition
Tax Annual Amount 2
HOA Fee $1,020 Annually
Legal Description Lot 42 Blk C Bridger Pawnee Addition

Utilities

Utilities Natural Gas Available
Heating system Natural Gas, Forced Air
Cooling system Central Air, Electric

Amenities

granite/quartz countertops
luxury vinyl tile flooring
enameled white trim
electric fireplace
walk-in pantry
master bath with walk-in shower
walk-in closet
separate laundry room
fully landscaped fenced yard
sprinkler system
shared irrigation well

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
Listed By: Karen Hampton · License #00052101
Added: Apr 26 Changed: Oct 8 Last Checked: Oct 9 at 4:06PM
MLS# 671925

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 under-construction duplex at 2881 S Cedar Crest Ct is planned as a zero-step ranch property with twin-home configuration. Each residence includes three bedrooms, two bathrooms, a two-car garage, a separate laundry room, and an electric fireplace in the living room. Interior details include granite or quartz countertops, luxury vinyl tile flooring, white enameled trim, stainless steel appliances, a kitchen island, and a walk-in pantry. The primary suite includes a private bathroom with a walk-in shower and a walk-in closet.

The property occupies 0.2 acres in Wichita’s Pawnee Crossing area, approximately half a mile south of Pawnee on 119th, within the Goddard School district. Exterior improvements include landscaped fenced yards, a patio, gutters, and an irrigation sprinkler system supported by a shared irrigation well. Completion is identified for 2026.

Key Highlights

  • Duplex property with 1,195 square feet
  • Three‑bedroom, two‑bathroom twin‑home plan
  • Zero‑step ranch design with 2‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$9,855
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,100 $197.1K
Cap Rate 7%
$140,786 $140.8K
Cap Rate 9%
$109,500 $109.5K
Market Conditions
NOI Build-Up for 1,195 SF
Gross rent
$15.1K $12.60/SF
− Vacancy
−$979 −$0.82/SF
EGI
$14.1K $11.78/SF
− OpEx
−$4.2K −$3.53/SF
NOI
$9.9K $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%
$197,100
Cap Rate 7%
$140,786
Cap Rate 9%
$109,500

Alternative Uses

Best Use
Multifamily LT 5
$140.8K
$123.2K – $164.3K (±1% cap)
NOI $9,855 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$131.0K
$114.6K – $152.8K (±1% cap)
NOI $9,167 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K (±1% cap)
NOI $20,712 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Under-construction ranch duplex with landscaped fenced yards, contemporary finishes, and practical living spaces.
Where is this duplex located?
The property is located at 2881 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: Duplex property with 1,195 square feet; Three‑bedroom, two‑bathroom twin‑home plan; Zero‑step ranch design with 2‑car garage
More about this property
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