Newer Duplex with Finished
For Sale
$790,000
3548 N Tyler Ct, Wichita, KS 67205
Two-story units include four bedrooms, finished lower levels, and fenced yards.
Property Size6,218 SF
Price / SF$127.05
Days on Market66
Property Features for 3548 N Tyler Ct
General Information
Standard status
Active
Size
6,218 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$790,000
Gross Income
$70,800
Average Monthly Rent
$2,950
Units
Unit Mix
2 x 4BR/3.5BA
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
COSH Real Estate Services
Listed By:
Corey Sandy · License #BR00230865
(316) 670-2769
Source:
Highpointks
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 7 at 4:43PM
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 COSH Real Estate Services
Investment Insights
Based on property information with market context.
This duplex was built in 2023 and contains two two-story units. Each residence features 4 bedrooms, 3.5 bathrooms, a full finished basement, wet bar, walk-in pantry, laundry room, and fenced yard. Both sides are currently rented.
The property is located across the street from Maize South High School in northwest Wichita. Each unit offers over 3200 square feet of living space, providing a substantial configuration across the duplex.
The building is one of four buildings comprising an 18-unit development on the same cul-de-sac. Property management is currently provided by COSH Real Estate Services.
The property is located across the street from Maize South High School in northwest Wichita. Each unit offers over 3200 square feet of living space, providing a substantial configuration across the duplex.
The building is one of four buildings comprising an 18-unit development on the same cul-de-sac. Property management is currently provided by COSH Real Estate Services.
Key Highlights
- Duplex built in 2023 with two residential units
- Each unit has 4 bedrooms and 3.5 bathrooms
- Full finished basement, wet bar, walk‑in pantry, and laundry room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,991
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,820
$1.0M
Cap Rate 7%
$742,729
$742.7K
Cap Rate 9%
$577,678
$577.7K
Market Conditions
NOI Build-Up for 6,218 SF
Gross rent
$78.3K $12.60/SF
− Vacancy
−$4.1K −$0.66/SF
EGI
$74.3K $11.94/SF
− OpEx
−$22.3K −$3.58/SF
NOI
$52.0K $8.36/SF
Area
ZIP 67205
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,820
Cap Rate 7%
$742,729
Cap Rate 9%
$577,678
Alternative Uses
Best Use
Multifamily LT 5
$742.7K
$649.9K – $866.5K
NOI $51,991 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$685.1K
$599.4K – $799.2K
NOI $47,954 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,404 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 67205, KS
20,461
Population
7,467
Households
2.7
Avg Household Size
40
Median Age
50%
College-Educated
98%
High-School Grad
16.9 sq mi
ZIP Area
1,211
Density / Sq Mi
$120,630
Median Household Income
$65,457
Median Earnings
$1,237
Median Rent
$314,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story units include four bedrooms, finished lower levels, and fenced yards.
Where is this duplex located?
The property is located at 3548 N Tyler Ct Wichita, KS.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Duplex built in 2023 with two residential units; Each unit has 4 bedrooms and 3.5 bathrooms; Full finished basement, wet bar, walk‑in pantry, and laundry room in each unit
