New Duplex with Modern
For Sale
$375,000
5516-5518 N Sandkey Ct, Wichita, KS 67204
Two well-appointed residences offer low-maintenance living, private fenced yards, and covered outdoor patios.
Property Size2,364 SF
Price / SF$158.63
Days on Market73
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Property Features for 5516-5518 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
Building Details
Year Built
2024
Listing Agency:
Russell Real Resources LLC
Listed By:
Bree Russell · License #BRSP00218596
(316) 516-7417
Source:
Highpointks
Added: Aug 4
Changed: Oct 12
Last Checked: Oct 7 at 2:37PM
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
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,364 square feet of residential space across two separately arranged homes. Each residence features an open living plan, three bedrooms, two full bathrooms, a primary suite with a walk-in shower and closet, and a walk-in kitchen pantry. Interior finishes include LVP flooring, granite countertops in the kitchens and bathrooms, vaulted living areas, and 9-foot ceilings.
The property occupies a corner lot at 5516-5518 N Sandkey Ct in Wichita, with rod-iron-fenced backyards, covered patios, and additional parking potential. The homes are located within the Valley Center School district. HOA services cover lawn care, while tenants are responsible for utilities. The duplex is available for immediate move-ins and may be sold as part of a package of twin homes or duplexes.
The property occupies a corner lot at 5516-5518 N Sandkey Ct in Wichita, with rod-iron-fenced backyards, covered patios, and additional parking potential. The homes are located within the Valley Center School district. HOA services cover lawn care, while tenants are responsible for utilities. The duplex is available for immediate move-ins and may be sold as part of a package of twin homes or duplexes.
Key Highlights
- 2024‑built duplex with 2,364 square feet of residential space
- Each side includes 3 bedrooms and 2 full bathrooms
- Open layouts with LVP flooring, granite, vaulted areas, and 9‑foot ceilings
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 well-appointed residences offer low-maintenance living, private fenced yards, and covered outdoor patios.
Where is this duplex located?
The property is located at 5516-5518 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: 2024‑built duplex with 2,364 square feet of residential space; Each side includes 3 bedrooms and 2 full bathrooms; Open layouts with LVP flooring, granite, vaulted areas, and 9‑foot ceilings
