New Duplex With Modern
For Sale
$375,000
5402-5404 N Sandkey Ct, Wichita, KS 67204
Each residence offers three bedrooms, two full bathrooms, and a covered patio with a fenced backyard.
Property Size2,364 SF
Price / SF$158.63
Days on Market52
Property Features for 5402-5404 N Sandkey Ct
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BR SP00218596
(316) 516-7417
Source:
Highpointks
Added: Sep 16
Changed: Nov 2
Last Checked: Oct 7 at 3:28PM
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 LLC
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Investment Insights
Based on property information with market context.
Built in 2024, this duplex includes two separately arranged residences with open-concept living areas, three bedrooms, and two full bathrooms on each side. Interior details include LVP flooring, granite countertops in the kitchens and bathrooms, walk-in kitchen pantries, vaulted living areas, and nine-foot ceilings. Primary suites feature walk-in closets and walk-in showers.
The property sits on a corner lot and includes covered patios with rod-iron-fenced backyards. HOA service covers lawn maintenance, while tenants are responsible for utilities. The property is located within the Valley Center School District and may offer additional parking capacity. It can also be sold as part of a package of twin homes or duplexes.
The property sits on a corner lot and includes covered patios with rod-iron-fenced backyards. HOA service covers lawn maintenance, while tenants are responsible for utilities. The property is located within the Valley Center School District and may offer additional parking capacity. It can also be sold as part of a package of twin homes or duplexes.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Built in 2024 with open floor plans and modern finishes
- LVP flooring and granite in kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,495
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,900
$389.9K
Cap Rate 7%
$278,500
$278.5K
Cap Rate 9%
$216,611
$216.6K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$29.8K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.9K $11.78/SF
− OpEx
−$8.4K −$3.53/SF
NOI
$19.5K $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%
$389,900
Cap Rate 7%
$278,500
Cap Rate 9%
$216,611
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $324.9K
NOI $19,495 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$259.1K
$226.7K – $302.3K
NOI $18,135 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,973 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 67204, KS
21,932
Population
9,424
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
79%
High-School Grad
16.1 sq mi
ZIP Area
1,362
Density / Sq Mi
$68,549
Median Household Income
$39,258
Median Earnings
$976
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two full bathrooms, and a covered patio with a fenced backyard.
Where is this duplex located?
The property is located at 5402-5404 N Sandkey Ct Wichita, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Built in 2024 with open floor plans and modern finishes; LVP flooring and granite in kitchens and bathrooms
