3212 S Victoria Ave, Wichita, KS 67216
Newly built duplex portfolio offers modern two-story 2BR/1BA units with in-unit-ready laundry and efficient utilities.
- Added:
- Jan 26, 2026
- Days on Market:
- 133
- Last Refresh:
- Jun 6 at 3:04 am
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 agent Braden McCurdy License #KS BR00052737
Listing office McCurdy Real Estate & Auction, LLC (316) 683-0612
Listing date Jan 26, 2026
Source Crexi
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
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).
- Unit interiors include open floor plans, equipped kitchens (refrigerator, range/oven, dishwasher, microwave), and laundry hookups.
- Currently rents at $995/month per unit; total monthly gross income is $17,910 and annual gross income is $214,920 at full occupancy (3 units vacant).
- Utilities/expenses: tenants pay electric; ownership covers water/sewer, trash, lawn maintenance, and parking lot maintenance; separately metered electric and a single 2‑inch water meter.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3192264
- Latitude
- 37.6347234
