New Northwest Wichita Duplex
For Sale
Contact for pricing
4451 N Sandplum St, Wichita, KS 67205
Fully leased duplex townhome in a new Wichita neighborhood.
Property Size2,752 SF
Price / SF$132.63
Days on Market330
Property Features for 4451 N Sandplum St
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Multifamily
Net Operating Income
$21,000
Building Details
Year Built
2024
Listing Agency:
Russell Real Resources
Listed By:
Bree Russell, CCIM · License #BR SP00218596
(316) 516-7417
Source:
Crexi
Added: Nov 21, 2025
Changed: Oct 12
Last Checked: Oct 16 at 8:16AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,010
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,200
$460.2K
Cap Rate 7%
$328,714
$328.7K
Cap Rate 9%
$255,667
$255.7K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$34.7K $12.60/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$32.9K $11.94/SF
− OpEx
−$9.9K −$3.58/SF
NOI
$23.0K $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%
$460,200
Cap Rate 7%
$328,714
Cap Rate 9%
$255,667
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
366
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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.
