2023 Duplex Portfolio with 18
3212 S Victoria Ave Wichita, KS 67216
For Sale
Contact for pricing
Newly built duplex portfolio offers modern two-story 2BR/1BA units with in-unit-ready laundry and efficient utilities.
Property Size15,237 SF
Price / SF$124.63
Days on Market179
Property Features for 3212 S Victoria Ave
General Information
- Standard status
- Active
- Size
- 15,237 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency:
McCurdy Real Estate & Auction, LLC
(316) 683-0612
Listed By:
Braden McCurdy · License #KS BR00052737
Source:
Crexi
Added: Jan 26
Changed: Jul 10
Last Checked: Jul 23 at 6:41AM
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 McCurdy Real Estate & Auction, LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily package features nine duplex buildings (18 total units) constructed in 2023, all under one legal description on a single parcel. Each duplex provides 1,696 sq. ft. of finished living space with a two-story layout that includes one upstairs unit and one downstairs unit per building. The floor plans are modern and open, and every unit is configured as a 2-bedroom, 1-bath.
The units include kitchens equipped with a refrigerator, range/oven, dishwasher, and microwave, along with laundry hookups. Building and site features include a site sprinkler system, a single 2-inch water meter, and separately metered electric. Tenants pay electric, while the owner covers water/sewer, trash service, lawn maintenance, and parking lot maintenance.
All units include one paved parking space, with additional street parking available. The portfolio is currently experiencing three vacant units; at full occupancy, current stated rent equals $17,910 in total monthly gross income and $214,920 annually. With modern finishes and newer construction, the property is positioned as a turnkey option for an owner seeking a single-parcel package with consistent unit design and supported utility structure. Buyers and agents are encouraged to verify taxes, school districts, and all other information during due diligence.
The units include kitchens equipped with a refrigerator, range/oven, dishwasher, and microwave, along with laundry hookups. Building and site features include a site sprinkler system, a single 2-inch water meter, and separately metered electric. Tenants pay electric, while the owner covers water/sewer, trash service, lawn maintenance, and parking lot maintenance.
All units include one paved parking space, with additional street parking available. The portfolio is currently experiencing three vacant units; at full occupancy, current stated rent equals $17,910 in total monthly gross income and $214,920 annually. With modern finishes and newer construction, the property is positioned as a turnkey option for an owner seeking a single-parcel package with consistent unit design and supported utility structure. Buyers and agents are encouraged to verify taxes, school districts, and all other information during due diligence.
Key Highlights
- Multifamily package of 9 duplex buildings (18 total units) built in 2023 on a single parcel (one legal description).
- All 18 units are 2‑bedroom, 1‑bath with a two‑story layout (one upstairs unit and one downstairs unit per duplex).
- Each duplex offers 1,696 SF of finished living space (848 SF per unit).
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built duplex portfolio offers modern two-story 2BR/1BA units with in-unit-ready laundry and efficient utilities.
Where is this duplex located?
The property is located at 3212 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) built in 2023 on a single parcel (one legal description).; All 18 units are 2‑bedroom, 1‑bath with a two‑story layout (one upstairs unit and one downstairs unit per duplex).; Each duplex offers 1,696 SF of finished living space (848 SF per unit).
