Modern Duplex Portfolio for
3212-3244 S Victoria Ave, Wichita, KS 67216
MULTI_FAMILY - Wichita, KS
Property size:
15,237 SFLot size:
42,366.00 AcresPrice / SF:
$124/SF- Added:
- Jan 21, 2026
- Days on Market:
- 151
- Last Refresh:
- Jun 21 at 6:06 am
Property Features for 3212-3244 S Victoria Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 18
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 21209-00131831
- Size
- 15,237 SF
- Lot size
- 42,366.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BLOCK 16 EXC S 200 FT W 144 FT & EXC E 459.5 FT & EXC N 120 FT THEREOF RAINBOW FIRST ADDITION
- Tax Annual Amount
- 18825
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Number of units
- 18
- Building materials
- Frame
- Roof type
- Composition
Listing agent Braden McCurdy License #BR00052737 (316) 683-0612
Listing office McCurdy Real Estate & Auction, LLC 12041 E 13th St N, wichita, KS (316) 867-3600
Listing date Jan 21, 2026
MLS# 667319
Listing URL
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.
HighLights
- Multifamily package of 9 duplex buildings (18 total units) sold together on a single parcel with one legal description.
- Built in 2023: each duplex has two units with finished living space of 1,696 SF total (848 SF per unit).
- All 18 units are 2‑bedroom, 1‑bath with two‑story layouts (one upstairs unit and one downstairs unit per building) and open floor plans.
- Each unit is currently rented for $995/month, totaling $17,910 monthly gross income and $214,920 annually at full occupancy.
- Kitchen appliance package included in each unit: refrigerator, range/oven, dishwasher, and microwave; laundry hookups included.
- Public water; one 2‑inch water meter; separately metered electric; site sprinkler system and paved parking space for each unit.
Overview
This for-sale multifamily portfolio includes nine duplex buildings (18 total units) delivered as a package on a single parcel with one legal description. Built in 2023, each duplex provides a two-story configuration with one upstairs unit and one downstairs unit. All units feature two bedrooms and one bathroom, with open floor plans designed for contemporary tenant use. Interiors include fully equipped kitchens with a refrigerator, range/oven, dishwasher, and microwave, and each unit has laundry hookups. Additional improvements and systems include a site sprinkler system, a single 2-inch water meter, and separately metered electric.
The property is located at 3212-3244 S Victoria Ave, Wichita, KS 67216 in Sedgwick County. The portfolio is currently self-managed by the owner with internal staff. Each unit includes one paved parking space, and additional street parking is available.
Financial and operating details provided by the seller include current rents of $995 per month for a stated total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. There are four vacant units identified by the seller (3216/#200, 3224/#100, 3228/#100, and 3240/#200). Tenants pay electric, while ownership covers water/sewer, trash, lawn maintenance, and parking lot maintenance. The seller also reports insurance of $13,562.16 per year and a written agreement with the adjoining property owner to share future fence maintenance expenses. According to the seller, the lot also offers room to expand by adding 2-3 more duplexes.
The property is located at 3212-3244 S Victoria Ave, Wichita, KS 67216 in Sedgwick County. The portfolio is currently self-managed by the owner with internal staff. Each unit includes one paved parking space, and additional street parking is available.
Financial and operating details provided by the seller include current rents of $995 per month for a stated total monthly gross income of $17,910 and annual gross income of $214,920 at full occupancy. There are four vacant units identified by the seller (3216/#200, 3224/#100, 3228/#100, and 3240/#200). Tenants pay electric, while ownership covers water/sewer, trash, lawn maintenance, and parking lot maintenance. The seller also reports insurance of $13,562.16 per year and a written agreement with the adjoining property owner to share future fence maintenance expenses. According to the seller, the lot also offers room to expand by adding 2-3 more duplexes.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $12.60 |
| − Vacancy | −$12.5k | −$0.82 |
| EGI | $179.5k | $11.78 |
| − OpEx | −$53.9k | −$3.53 |
| NOI | $125.7k | $8.25 |
15,237 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.09M
NOI $125,655 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,891 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,091 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.319143
- Latitude
- 37.634292
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Nine 2023-built duplex buildings offer 18 two-bedroom units with separate metering and on-site parking.
Where is this duplex located?
The property is located at 3212-3244 S Victoria Ave Wichita, KS.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Multifamily package of 9 duplex buildings (18 total units) sold together on a single parcel with one legal description.; Built in 2023: each duplex has two units with finished living space of 1,696 SF total (848 SF per unit).; All 18 units are 2‑bedroom, 1‑bath with two‑story layouts (one upstairs unit and one downstairs unit per building) and open floor plans.
