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 Market81
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:
Elite Real Estate Experts
(316) 719-4000
Listed By:
Andi Pugh
(316) 559-3145
Source:
Exprealty
Added: Jul 30
Changed: Oct 17
Last Checked: Oct 16 at 3:26PM
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 Elite Real Estate Experts
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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
Estimated NOI and Cap Rate
NOI / Yr
$14,250
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,000
$285.0K
Cap Rate 7%
$203,571
$203.6K
Cap Rate 9%
$158,333
$158.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$21.8K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.4K $11.78/SF
− OpEx
−$6.1K −$3.53/SF
NOI
$14.3K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,000
Cap Rate 7%
$203,571
Cap Rate 9%
$158,333
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
651
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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
