Building Details

Year Built 2022

Buildings 1

Listing Agency: Heritage 1st Realty B***@heritage1strealty.com Show Phone

Listed By: Dustin Lynam · License #00237038 Show Phone

Source: Exprealty

Added: Oct 25 Changed: Oct 27 Last Checked: Oct 27 at 3:24AM

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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 Heritage 1st Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Completed in 2022, this duplex contains two residences at 4761 and 4763 E 45th St N. Each home has four bedrooms, two and a half bathrooms, and an attached two-car garage. Private patios and separate backyard areas provide outdoor space for each residence.

The property is near the southwest corner of 45th Street and Oliver, with access to K-96, Koch Industries, shopping, dining, and major employers. Special assessments have been paid in full.

Key Highlights

• Two residences totaling 8 bedrooms and 5 bathrooms
• Built in 2022
• Each residence has 4 bedrooms, 2.5 bathrooms, and an attached two‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,271

Cap Rate

5.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$525,420 $525.4K

Cap Rate 7%

$375,300 $375.3K

Cap Rate 9%

$291,900 $291.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,142 SF

Gross rent

$39.6K $12.60/SF

− Vacancy

−$2.1K −$0.66/SF

EGI

$37.5K $11.94/SF

− OpEx

−$11.3K −$3.58/SF

NOI

$26.3K $8.36/SF

Area

Sedgwick County, KS

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%

$525,420

Cap Rate 7%

$375,300

Cap Rate 9%

$291,900

Alternative Uses

Best Use

Multifamily LT 5

$375.3K

$328.4K – $437.9K (±1% cap)

NOI $26,271 @ 7.0% cap · market cap 5.49%

Second Best

Apartment 5plus

$346.2K

$302.9K – $403.9K (±1% cap)

NOI $24,231 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$654.9K

$573.0K – $764.0K (±1% cap)

NOI $45,842 @ 7.0% cap · market cap 9.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Explore this area Business Placement

Demographics for 67220, KS

14,370

Population

6,032

Households

2.4

Avg Household Size

34

Median Age

43%

College-Educated

92%

High-School Grad

7.2 sq mi

ZIP Area

1,996

Density / Sq Mi

$72,861

Median Household Income

$33,454

Median Earnings

$889

Median Rent

$193,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has four bedrooms, private outdoor space, and an attached garage.

Where is this duplex located?

The property is located at 4761 E 45th St N Bel Aire, KS.

What is the asking price?

The asking price for this property is $478,500.

What are key features of this property?

This property features: Two residences totaling 8 bedrooms and 5 bathrooms; Built in 2022; Each residence has 4 bedrooms, 2.5 bathrooms, and an attached two‑car garage