Duplex with Attached 2-Car
For Sale
$364,900
4002 S Chadd St., Wichita, KS 67215
MULTI_FAMILY - Wichita, KS
Property Size2,538 SF
Lot Size0.32 Acres
Price / SF$143.77
Days on Market92
Property Features for 4002 S Chadd St.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Elementary school
Kelly
Middle school
Truesdell
High school
Campus
Elementary school district
Wichita School District (USD 259)
Middle school district
Wichita School District (USD 259)
High school district
Wichita School District (USD 259)
Directions
Turning south from Macarthur onto Flora Ave. then turn east onto Rolly st.
Subdivision
SCKMLS
Standard status
Active
APN
30026667
Size
2,538 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Tax Annual Amount
4
HOA Fee
$2,520 Annually
Legal Description
LOT 7 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Multi Units, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2026
Number of units
2
Building materials
Frame, Masonite
Roof type
Composition
Listing Agency:
Keller Williams Hometown Partners · Keller Williams Realty
(316) 729-8500
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Added: May 12
Changed: Aug 1
Last Checked: Aug 11 at 7:06PM
MLS# 672917
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.
Investment Insights
Based on property information with market context.
This under-construction duplex is set up for easy access with two zero-entry front and side doors. Each unit includes three bedrooms and two bathrooms, with luxury vinyl plank flooring throughout. The kitchens are fully equipped and include a walk-in pantry, bar seating, and appliances such as a range, microwave, refrigerator, and dishwasher.
The property also features a two-car attached garage. Construction is frame with Masonite, with forced-air natural gas heating and cooling that includes ceiling fans and electric. The roof is composition.
The duplex sits on a 0.3153-acre lot with public water and natural gas available. The building is scheduled with a 2026 year built.
The property also features a two-car attached garage. Construction is frame with Masonite, with forced-air natural gas heating and cooling that includes ceiling fans and electric. The roof is composition.
The duplex sits on a 0.3153-acre lot with public water and natural gas available. The building is scheduled with a 2026 year built.
Key Highlights
- Zero‑entry front and side doors
- Three bedrooms and two bathrooms
- Luxury vinyl plank flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,930
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,600
$418.6K
Cap Rate 7%
$299,000
$299.0K
Cap Rate 9%
$232,556
$232.6K
Market Conditions
NOI Build-Up for 2,538 SF
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.
Gross rent
$32.0K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$29.9K $11.78/SF
− OpEx
−$9.0K −$3.53/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,600
Cap Rate 7%
$299,000
Cap Rate 9%
$232,556
Alternative Uses
Best Use
Multifamily LT 5
$299.0K
$261.6K – $348.8K
NOI $20,930 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$278.1K
$243.4K – $324.5K
NOI $19,470 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$628.4K
$549.9K – $733.2K
NOI $43,989 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex featuring zero-entry front and side doors, three bedrooms, two bathrooms, and a 2-car attached garage.
Where is this duplex located?
The property is located at 4002 S Chadd St. Wichita, KS.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Zero‑entry front and side doors; Three bedrooms and two bathrooms; Luxury vinyl plank flooring throughout
