New Duplex with Covered
For Sale
$375,000
5510-5512 N Sandkey Ct, Wichita, KS 67204
Two low-maintenance residences feature modern finishes, private fenced yards, and open-plan living near Valley Center schools.
Property Size2,364 SF
Price / SF$158.63
Days on Market53
Property Features for 5510-5512 N Sandkey Ct
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,500
Amenities
open floor plans
walk-in shower
walk-in closet
walk-in pantry
LVP flooring
granite countertops
vaulted ceilings
covered patio
fenced backyards
Building Details
Year Built
2024
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Aug 26
Changed: Oct 14
Last Checked: Oct 7 at 2:28PM
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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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 2,364-square-foot duplex provides two separately leased residences, each with an open layout, three bedrooms, and two full bathrooms. Interior details include LVP flooring, granite countertops in the kitchens and bathrooms, walk-in master closets, walk-in kitchen pantries, vaulted living areas, and 9-foot ceilings. Each side also includes a covered patio and an iron-fenced backyard.
The property sits on a corner lot at 5510-5512 N Sandkey Ct in Wichita, within the Valley Center School district. HOA services cover lawn care, while tenants pay their own utilities. Additional parking may be possible on the corner lot, and the duplex can be sold as part of a package with other twin homes or duplexes.
The property sits on a corner lot at 5510-5512 N Sandkey Ct in Wichita, within the Valley Center School district. HOA services cover lawn care, while tenants pay their own utilities. Additional parking may be possible on the corner lot, and the duplex can be sold as part of a package with other twin homes or duplexes.
Key Highlights
- 2,364 SF duplex built in 2024
- Each side includes 3 bedrooms and 2 full bathrooms
- Open layouts with LVP flooring and granite kitchen and bathroom countertops
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
Property Analytics
Current Use
Lease Details
2
Residential units
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 - Two low-maintenance residences feature modern finishes, private fenced yards, and open-plan living near Valley Center schools.
Where is this duplex located?
The property is located at 5510-5512 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: 2,364 SF duplex built in 2024; Each side includes 3 bedrooms and 2 full bathrooms; Open layouts with LVP flooring and granite kitchen and bathroom countertops
