Two-Unit Modern
5414-5416 N Sandkey St, Wichita, KS 67204
For Sale
$385,000
Both residences are leased and feature split-bedroom layouts with contemporary interior finishes.
Property Size2,752 SF
Price / SF$139.90
Days on Market48
Property Features for 5414-5416 N Sandkey St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License KS BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Sep 24
Changed: Nov 9
Last Checked: Oct 7 at 3:11PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this 2,752-square-foot duplex contains two leased residences, each arranged with four bedrooms and two full bathrooms. Interior features include LVP flooring, granite surfaces in the kitchen and baths, a walk-in pantry, vaulted living areas, and nine-foot ceilings. Each home also has a covered patio and a fenced backyard.
The property is at the end of a cul-de-sac. Walmart, Braum’s, Culver’s, and other conveniences are within walking distance. The HOA handles lawn care, while residents pay their own utilities.
The property is at the end of a cul-de-sac. Walmart, Braum’s, Culver’s, and other conveniences are within walking distance. The HOA handles lawn care, while residents pay their own utilities.
Key Highlights
- Both duplex units are leased
- Each residence has 4 bedrooms and 2 full bathrooms
- 2,752 square feet total; built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,695
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,900
$453.9K
Cap Rate 7%
$324,214
$324.2K
Cap Rate 9%
$252,167
$252.2K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$34.7K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$32.4K $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 Rate 5%
$453,900
Cap Rate 7%
$324,214
Cap Rate 9%
$252,167
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.3K
NOI $22,695 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$681.4K
$596.2K – $795.0K
NOI $47,698 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
68
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
$148,900
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Wichita, KS
Properties on Market for Duplexes in Wichita
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature split-bedroom layouts with contemporary interior finishes.
Where is this duplex located?
The property is located at 5414-5416 N Sandkey St Wichita, KS.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Both duplex units are leased; Each residence has 4 bedrooms and 2 full bathrooms; 2,752 square feet total; built in 2024
