Three-Bedroom Duplex
For Sale
$184,000
Pending
5416 W Rolly St., Wichita, KS 67215
Residential, Wichita, KS
Property Size1,269 SF
Lot Size0.31 Acres
Days on Market90
Property Features for 5416 W Rolly St.
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 3, Kitchen, Bedroom 1, Bathroom 2, Bedroom 2
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
COTTONWOOD CREEK
Lot features
Standard
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.
Standard status
Pending
APN
30026663
Size
1,269 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Tax Annual Amount
2
HOA Fee
$1,260 Annually
Legal Description
LOT 3 BLOCK 1 COTTONWOOD CREEK ESTATES ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
2026
Floors in Building
1
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: Jun 11
Changed: Sep 2
Last Checked: Sep 8 at 8:06AM
MLS# 674364
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.
Unit 100 is an under-construction duplex residence with 1,269 square feet, three bedrooms, and two bathrooms. The layout includes a kitchen, laundry room, two bathrooms, and three bedrooms, with luxury vinyl plank flooring throughout. The kitchen is equipped with a range, microwave, refrigerator, dishwasher, disposal, walk-in pantry, and bar seating. Two zero-entry doors provide front and side access, while the attached two-car garage adds covered parking. Central air, electric cooling, forced-air heating, and natural gas service are specified for the property.
The property is located at 5416 W Rolly St. in Wichita, Kansas 67215, on a 0.31-acre lot. Exterior features include guttering, a sprinkler system, and a composition roof. Construction is identified for 2026 completion.
The property is located at 5416 W Rolly St. in Wichita, Kansas 67215, on a 0.31-acre lot. Exterior features include guttering, a sprinkler system, and a composition roof. Construction is identified for 2026 completion.
Key Highlights
- 1,269‑square‑foot Unit 100 with 3 bedrooms and 2 bathrooms
- Duplex property on a 0.31‑acre lot
- 2 zero‑entry front and side doors
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
$10,465
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
5.69%
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%
$209,300
$209.3K
Cap Rate 7%
$149,500
$149.5K
Cap Rate 9%
$116,278
$116.3K
Market Conditions
NOI Build-Up for 1,269 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
$16.0K $12.60/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$15.0K $11.78/SF
− OpEx
−$4.5K −$3.53/SF
NOI
$10.5K $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 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%
$209,300
Cap Rate 7%
$149,500
Cap Rate 9%
$116,278
Alternative Uses
Best Use
Multifamily LT 5
$149.5K
$130.8K – $174.4K
NOI $10,465 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$139.1K
$121.7K – $162.3K
NOI $9,735 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
45
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction unit offers zero-step access, a fully equipped kitchen, and an attached garage.
Where is this duplex located?
The property is located at 5416 W Rolly St. Wichita, KS.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: 1,269‑square‑foot Unit 100 with 3 bedrooms and 2 bathrooms; Duplex property on a 0.31‑acre lot; 2 zero‑entry front and side doors
