Under-Construction
For Sale
$384,900
5304 W Rolly St., Wichita, KS 67215
Residential Income, Wichita, KS
Property Size2,758 SF
Lot Size0.30 Acres
Price / SF$139.56
Days on Market113
Property Features for 5304 W Rolly St.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Elementary school
Kelly
Middle school
Truesdell
High school
Campus
Elementary school district
Wichita School District (USD 259)
Middle school district
Wichita School District (USD 259)
High school district
Wichita School District (USD 259)
Directions
Turning south from Macarthur onto Flora Ave. then turn east onto Rolly st.
Subdivision
SCKMLS
Standard status
Active
APN
30026666
Size
2,758 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Tax Annual Amount
4
HOA Fee
$2,520 Annually
Legal Description
LOT 6 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Multi Units, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2026
Number of units
2
Building materials
Frame, Masonite
Roof type
Composition
Listing Agency:
Keller Williams Hometown Partners · Keller Williams Realty
(316) 729-8500
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Added: May 12
Changed: Aug 27
Last Checked: Sep 1 at 1:06PM
MLS# 672973
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex is planned with 2,758 square feet on a 0.3037-acre lot. The property includes 3 bedrooms and 2 bathrooms, along with an attached 2-car garage and zero-entry front and side doors. Luxury vinyl plank flooring is specified throughout the property.
Each kitchen is equipped with a walk-in pantry, bar seating, and appliances including a range, microwave, refrigerator, and dishwasher. Construction materials include frame and Masonite, with forced-air natural gas heating, electric cooling, multiple cooling units, and ceiling fans. Public water and natural gas availability are listed, and the composition roof is part of the planned construction.
Each kitchen is equipped with a walk-in pantry, bar seating, and appliances including a range, microwave, refrigerator, and dishwasher. Construction materials include frame and Masonite, with forced-air natural gas heating, electric cooling, multiple cooling units, and ceiling fans. Public water and natural gas availability are listed, and the composition roof is part of the planned construction.
Key Highlights
- 2,758‑square‑foot duplex on a 0.3037‑acre lot
- Under construction with a 2026 year built
- 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,880
$454.9K
Cap Rate 7%
$324,914
$324.9K
Cap Rate 9%
$252,711
$252.7K
Market Conditions
NOI Build-Up for 2,758 SF
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.
Gross rent
$34.8K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$32.5K $11.78/SF
− OpEx
−$9.7K −$3.53/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,880
Cap Rate 7%
$324,914
Cap Rate 9%
$252,711
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,744 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$302.3K
$264.5K – $352.6K
NOI $21,158 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$682.9K
$597.5K – $796.7K
NOI $47,802 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 67215, KS
6,451
Population
2,266
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
375
Density / Sq Mi
$110,329
Median Household Income
$48,691
Median Earnings
$1,336
Median Rent
$222,500
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 - Two-level-free-entry access, an attached garage, and appliance-equipped kitchens support practical residential use.
Where is this duplex located?
The property is located at 5304 W Rolly St. Wichita, KS.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: 2,758‑square‑foot duplex on a 0.3037‑acre lot; Under construction with a 2026 year built; 3 bedrooms and 2 bathrooms
