Updated Duplex with Rental
For Sale
$160,000
4924 E Gilbert St, Wichita, KS 67218
Tenant-occupied duplex with a two-bedroom unit and a three-bedroom unit, plus recent improvements and a newer HVAC system.
Property Size1,728 SF
Price / SF$92.59
Days on Market8
Property Features for 4924 E Gilbert St
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Residential Income
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$897
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway PenFed Realty
(316) 559-3145
Listed By:
Andi Pugh
(316) 559-3145
Source:
Exprealty
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 7:47AM
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 Berkshire Hathaway PenFed Realty
Investment Insights
Based on property information with market context.
This duplex contains two separately configured units totaling 1,728 square feet. Unit 4924 has 2 bedrooms and 1 bathroom and has received updated flooring, fresh interior paint, and additional improvements. Unit 4926 provides 3 bedrooms and 1 bathroom and is equipped with a newer HVAC system.
The property is currently occupied by tenants, providing in-place rental income. The roof is approximately 6 years old. The duplex is offered individually and may also be acquired within a 6-door investment package. Showings require a minimum of 48 hours’ notice, and tenants should not be disturbed.
The property is currently occupied by tenants, providing in-place rental income. The roof is approximately 6 years old. The duplex is offered individually and may also be acquired within a 6-door investment package. Showings require a minimum of 48 hours’ notice, and tenants should not be disturbed.
Key Highlights
- 1,728‑square‑foot duplex with two separately configured units
- Unit 4924 includes 2 bedrooms, 1 bathroom, updated flooring, and fresh interior paint
- Unit 4926 offers 3 bedrooms, 1 bathroom, and a newer HVAC system
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 | $21.8k | $12.60 |
| − Vacancy | −$1.4k | −$0.82 |
| EGI | $20.4k | $11.78 |
| − OpEx | −$6.1k | −$3.53 |
| NOI | $14.3k | $8.25 |
1,728 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$189.4K
$165.7K – $220.9K
NOI $13,256 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$427.9K
$374.4K – $499.2K
NOI $29,950 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with a two-bedroom unit and a three-bedroom unit, plus recent improvements and a newer HVAC system.
Where is this duplex located?
The property is located at 4924 E Gilbert St Wichita, KS.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,728‑square‑foot duplex with two separately configured units; Unit 4924 includes 2 bedrooms, 1 bathroom, updated flooring, and fresh interior paint; Unit 4926 offers 3 bedrooms, 1 bathroom, and a newer HVAC system
