Income-Producing
For Sale
$369,800
2897 W Taft Ct, Wichita, KS 67209
Two zero-entry residences are leased and each has three bedrooms, two bathrooms, and a two-car garage.
Property Size2,390 SF
Price / SF$154.73
Days on Market184
Property Features for 2897 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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2.00
Amenities
granite/quartz countertops
luxury vinyl tile flooring
enameled white trim
electric fireplace
eating island
walk-in pantry
stainless steel appliances
walk-in shower
walk-in closet
separate laundry room
fully landscaped fenced yard
shared irrigation well
Building Details
Buildings
1
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 26
Last Checked: Oct 24 at 10:17PM
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 comprises two zero-entry residences, each configured with three bedrooms, two bathrooms, and a two-car garage. Interior features include granite or quartz counters, luxury vinyl tile, an electric fireplace, and a kitchen with stainless steel appliances, an eating island, and a walk-in pantry. Each home also has a primary suite with a walk-in shower and walk-in closet, plus a separate laundry room. The property includes fenced, landscaped yards, a sprinkler system, and a shared irrigation well.
Both residences are rented, and the property has a stated 6.5% cap rate. The duplex is in Pawnee Crossing, half a mile south of Pawnee on 119th, within the Goddard School district. The listing notes that photographs show another property with the same plan and that finishes may vary.
Both residences are rented, and the property has a stated 6.5% cap rate. The duplex is in Pawnee Crossing, half a mile south of Pawnee on 119th, within the Goddard School district. The listing notes that photographs show another property with the same plan and that finishes may vary.
Key Highlights
- 2,390‑square‑foot duplex with two three‑bedroom, two‑bath residences
- Both units are rented; stated 6.5% cap rate
- Each residence has a two‑car garage and zero‑entry design
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
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 - Two zero-entry residences are leased and each has three bedrooms, two bathrooms, and a two-car garage.
Where is this duplex located?
The property is located at 2897 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: 2,390‑square‑foot duplex with two three‑bedroom, two‑bath residences; Both units are rented; stated 6.5% cap rate; Each residence has a two‑car garage and zero‑entry design
