New Northwest Wichita Duplex
4451 N Sandplum St Wichita, KS 67205
4451 N Sandplum St, Wichita, KS, 67205
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For Sale
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Fully leased duplex townhome in a new Wichita neighborhood.
Property Size2,752 SF
Price / SF$132.63
Days on Market238
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 Agency
Russell Real Resources
Listed by
Bree Russell, CCIM · License #BR SP00218596
Source
Crexi
Added: Nov 21, 2025 Checked: Jul 17 at 3:56 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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.
