Side-by-Side Duplex with
For Sale
$330,000
5776 Bristol Cir, Wichita, KS 67207
Built in 2022, the two-unit property combines one vacant residence with one occupied unit.
Property Size2,532 SF
Price / SF$130.33
Days on Market11
Property Features for 5776 Bristol Cir
General Information
Standard status
Active
Size
2,532 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,352
Building Details
Year Built
2022
Buildings
1
Stories
1
Listing Agency:
EXP Realty LLC
(816) 778-9434
Listed By:
Virginia Franzese · License #SP00234467
(816) 778-9434
Source:
Exprealty
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 7:52PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This single-story duplex contains two matching residences, each offering 2 bedrooms, 2 bathrooms, a private entry, and an attached 2-car garage. Together, the units provide 2,532 square feet of living area and 4 garage spaces. The property sits on a fenced, nearly half-acre lot and features brick veneer and vinyl siding beneath a composition roof.
One residence is vacant and ready for occupancy, while the second is occupied. Each unit includes central gas heat, central electric air conditioning, and appliances consisting of a dishwasher, microwave, range, and refrigerator. Public water and sewer serve the property.
Located in northeast Wichita at 5776 Bristol Cir, the duplex offers flexible ownership options supported by its separate unit entrances and individual garage access.
One residence is vacant and ready for occupancy, while the second is occupied. Each unit includes central gas heat, central electric air conditioning, and appliances consisting of a dishwasher, microwave, range, and refrigerator. Public water and sewer serve the property.
Located in northeast Wichita at 5776 Bristol Cir, the duplex offers flexible ownership options supported by its separate unit entrances and individual garage access.
Key Highlights
- Built in 2022 with 2,532 square feet of combined living area
- Two 2‑bedroom, 2‑bathroom units with private entrances
- Each side includes an attached 2‑car garage; 4 garage spaces total
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
$20,746
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
6.29%
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%
$414,920
$414.9K
Cap Rate 7%
$296,371
$296.4K
Cap Rate 9%
$230,511
$230.5K
Market Conditions
NOI Build-Up for 2,532 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
$31.0K $12.24/SF
− Vacancy
−$1.4K −$0.53/SF
EGI
$29.6K $11.71/SF
− OpEx
−$8.9K −$3.51/SF
NOI
$20.7K $8.19/SF
Area
ZIP 67207
Vacancy
4.37%
Lease Rate
$12.24 /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%
$414,920
Cap Rate 7%
$296,371
Cap Rate 9%
$230,511
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.3K – $345.8K
NOI $20,746 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$264.2K
$231.2K – $308.2K
NOI $18,493 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$546.5K
$478.2K – $637.6K
NOI $38,255 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2022, the two-unit property combines one vacant residence with one occupied unit.
Where is this duplex located?
The property is located at 5776 Bristol Cir Wichita, KS.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Built in 2022 with 2,532 square feet of combined living area; Two 2‑bedroom, 2‑bathroom units with private entrances; Each side includes an attached 2‑car garage; 4 garage spaces total
