Fully Rented
For Sale
$369,800
2889 W Taft Ct, Wichita, KS 67209
Both residences offer zero-step entry, three-bedroom layouts, and private garages in Wichita’s Goddard School district.
Property Size2,390 SF
Price / SF$154.73
Days on Market175
Property Features for 2889 W Taft Ct
General Information
Standard status
Active
Size
2,390 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Financials
Cap Rate
6.5%
HOA Fee
$170
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$2.00
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Premier
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Source:
Exprealty
Added: Apr 26
Changed: Oct 16
Last Checked: Oct 16 at 2:35PM
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 RE/MAX Premier
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,390-square-foot duplex in Pawnee Crossing contains two zero-entry residences, each with three bedrooms, two bathrooms, and a two-car garage. Interior finishes include granite or quartz countertops, luxury vinyl tile, white enameled trim, and an electric fireplace. Each kitchen has an eating island, walk-in pantry, and stainless steel appliances. A primary suite with a walk-in shower and large closet, plus a separate laundry room, completes each layout. Fenced, landscaped yards have sprinkler systems and share an irrigation well.
The property is fully rented and is located in Wichita, half a mile south of Pawnee on 119th, within the Goddard School district. The stated cap rate is 6.5%.
The property is fully rented and is located in Wichita, half a mile south of Pawnee on 119th, within the Goddard School district. The stated cap rate is 6.5%.
Key Highlights
- Fully rented duplex with a stated 6.5% cap rate
- 2,390 SF total property size
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,710
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,200
$394.2K
Cap Rate 7%
$281,571
$281.6K
Cap Rate 9%
$219,000
$219.0K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$30.1K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.2K $11.78/SF
− OpEx
−$8.4K −$3.53/SF
NOI
$19.7K $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%
$394,200
Cap Rate 7%
$281,571
Cap Rate 9%
$219,000
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,710 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,335 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$591.8K
$517.8K – $690.4K
NOI $41,424 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 67209, KS
14,217
Population
5,381
Households
2.6
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
1,156
Density / Sq Mi
$86,103
Median Household Income
$47,939
Median Earnings
$942
Median Rent
$209,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer zero-step entry, three-bedroom layouts, and private garages in Wichita’s Goddard School district.
Where is this duplex located?
The property is located at 2889 W Taft Ct Wichita, KS.
What is the asking price?
The asking price for this property is $369,800.
What are key features of this property?
This property features: Fully rented duplex with a stated 6.5% cap rate; 2,390 SF total property size; Two residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
