New Northwest Wichita Duplex
4451 N Sandplum St, Wichita, KS 67205
Fully leased duplex townhome in a new Wichita neighborhood.
Type:Multifamily
Property size:
2,752 SFPrice / SF:
$132/SF- Added:
- Nov 21, 2025
- Days on Market:
- 193
- Last Refresh:
- May 20 at 4:47 am
Property Features for 4451 N Sandplum St
General Information
- Standard status
- Active
- Size
- 2,752 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agent Bree Russell, CCIM License #BR SP00218596
Listing office Russell Real Resources
Listing date Nov 21, 2025
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 Russell Real Resources
HighLights
- Fully leased and stabilized duplex townhomes, providing immediate rental income.
- Functional 3‑bedroom split floor plan with modern finishes, LVP flooring, and granite countertops.
- Low‑maintenance lifestyle with HOA managing lawn mowing, sprinkler, and well water.
- Large 600 sq ft 2‑car garage and spacious rod‑iron fenced backyards with covered patio.
- Convenient location in Maize High School District with easy access to K96 Highway.
- Built in 2024, ensuring modern construction and features.
Overview
Located in the Edgewater Villas neighborhood at 45th and Ridge Road in Northwest Wichita, this fully leased and stabilized duplex townhome is ideal for active, low-maintenance lifestyles or investment portfolios. The property features a functional three-bedroom split floor design on each side. Each unit includes three bedrooms, two full bathrooms, and a large 600 square foot two-car garage. The location offers convenient access to K96 Highway and is situated within the Maize High School District. The HOA manages lawn mowing, sprinkler, and well water services. Tenants are responsible for utilities and trash. Interior features include modern finishes, LVP flooring, granite countertops in the kitchen and bathrooms, a walk-in pantry in the kitchen, and 9-foot ceilings. Each unit also has an outdoor covered patio with a spacious rod-iron fenced backyard. The property has a total size of 2752 square feet.
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 | $34.7k | $12.60 |
| − Vacancy | −$1.8k | −$0.66 |
| EGI | $32.9k | $11.94 |
| − OpEx | −$9.9k | −$3.58 |
| NOI | $23.0k | $8.36 |
2,752 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.7K
$287.6K – $383.5K
NOI $23,010 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$303.2K
$265.3K – $353.7K
NOI $21,224 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.4174125
- Latitude
- 37.7267785
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully leased duplex townhome in a new Wichita neighborhood.
Where is this duplex located?
The property is located at 4451 N Sandplum St Wichita, KS.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Fully leased and stabilized duplex townhomes, providing immediate rental income.; Functional 3‑bedroom split floor plan with modern finishes, LVP flooring, and granite countertops.; Low‑maintenance lifestyle with HOA managing lawn mowing, sprinkler, and well water.
