Two-Unit
For Sale
$130,000
Pending
414 N Edwards, Wichita, KS 67203
Each residence has one bedroom and one bathroom.
Property Size1,008 SF
Days on Market18
Property Features for 414 N Edwards
General Information
Standard status
Pending
Size
1,008 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Sunflower
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,277
Listing Agency:
Reece Nichols South Central Kansas
(316) 978-9777
Listed By:
Nela Bayouth
(316) 393-5259
Source:
Exprealty
Added: Oct 20
Changed: Oct 31
Last Checked: Nov 4 at 2:04PM
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 Reece Nichols South Central Kansas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,008-square-foot duplex is arranged as two one-bedroom, one-bathroom residences. The property is located at 414 N Edwards in Wichita, Kansas.
Key Highlights
- Two one‑bedroom, one‑bathroom residences
- 1,008 square feet at 414 N Edwards, Wichita, KS 67203
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,136
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,720
$182.7K
Cap Rate 7%
$130,514
$130.5K
Cap Rate 9%
$101,511
$101.5K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$13.9K $13.80/SF
− Vacancy
−$858 −$0.85/SF
EGI
$13.1K $12.95/SF
− OpEx
−$3.9K −$3.88/SF
NOI
$9.1K $9.06/SF
Area
ZIP 67203
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,720
Cap Rate 7%
$130,514
Cap Rate 9%
$101,511
Alternative Uses
Best Use
Multifamily LT 5
$130.5K
$114.2K – $152.3K
NOI $9,136 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$120.0K
$105.0K – $140.0K
NOI $8,397 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$246.8K
$215.9K – $287.9K
NOI $17,273 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 67203, KS
30,498
Population
14,851
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
4,236
Density / Sq Mi
$50,411
Median Household Income
$33,431
Median Earnings
$921
Median Rent
$126,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has one bedroom and one bathroom.
Where is this duplex located?
The property is located at 414 N Edwards Wichita, KS.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom residences; 1,008 square feet at 414 N Edwards, Wichita, KS 67203
