New-Construction Split-Bedroom
For Sale
$369,000
2920 S Denene St, Wichita, KS 67215
Brand-new units feature covered patios, fenced backyards, quartz finishes, and lawn care through the HOA.
Property Size2,440 SF
Price / SF$151.23
Days on Market62
Property Features for 2920 S Denene St
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
fireplace
covered patio
walk-in pantry
fenced backyard
Building Details
Year Built
2026
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 7 at 5:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is under construction with an anticipated early September 2026 move-in timeframe. The split-bedroom Oliver plan provides 2,440 square feet, 9-foot ceilings, LVP flooring, quartz countertops in the kitchens and bathrooms, and a walk-in pantry. Each residence includes a fireplace in the living area, two full bathrooms, a primary suite with a walk-in shower and walk-in closet, and a secondary bathroom with a tub and shower combination.
Covered patios extend to east-facing, iron-fenced backyards overlooking a reserve pond. The HOA handles lawn care, while residents are responsible for utilities. The property is located at 2920 S Denene St in Wichita, south of the US54/KS400 corridor and north of K-42 on Maize Road. Nearby destinations include Pawnee Prairie Park, Prairie Sunset Trail, Tex Consolver Municipal Golf Course, and Eisenhower Airport. The property is within the Goddard school district and near major Wichita employers.
Covered patios extend to east-facing, iron-fenced backyards overlooking a reserve pond. The HOA handles lawn care, while residents are responsible for utilities. The property is located at 2920 S Denene St in Wichita, south of the US54/KS400 corridor and north of K-42 on Maize Road. Nearby destinations include Pawnee Prairie Park, Prairie Sunset Trail, Tex Consolver Municipal Golf Course, and Eisenhower Airport. The property is within the Goddard school district and near major Wichita employers.
Key Highlights
- Duplex under construction with early September 2026 move‑ins anticipated
- 2,440 square feet with a split‑bedroom Oliver plan
- 9‑foot ceilings, LVP flooring, and quartz countertops in kitchens and both bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,122
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,440
$402.4K
Cap Rate 7%
$287,457
$287.5K
Cap Rate 9%
$223,578
$223.6K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$30.7K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.7K $11.78/SF
− OpEx
−$8.6K −$3.53/SF
NOI
$20.1K $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%
$402,440
Cap Rate 7%
$287,457
Cap Rate 9%
$223,578
Alternative Uses
Best Use
Multifamily LT 5
$287.5K
$251.5K – $335.4K
NOI $20,122 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,718 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$604.2K
$528.6K – $704.9K
NOI $42,291 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Brand-new units feature covered patios, fenced backyards, quartz finishes, and lawn care through the HOA.
Where is this duplex located?
The property is located at 2920 S Denene St Wichita, KS.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Duplex under construction with early September 2026 move‑ins anticipated; 2,440 square feet with a split‑bedroom Oliver plan; 9‑foot ceilings, LVP flooring, and quartz countertops in kitchens and both bathrooms
