Nearly New Side-by-Side
New
For Sale
$330,000
5776 E Bristol Circle, Wichita, KS 67220
Residential Income, Wichita, KS
Property Size2,532 SF
Lot Size0.40 Acres
Price / SF$130.33
Days on Market2
Property Features for 5776 E Bristol Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Appliances
Dishwasher, Microwave, Range, Refrigerator
Elementary school
Isely Magnet (NH)
Middle school
Stucky
High school
Heights
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
Head south on I-135 S, then take exit 13 for 53rd St. Turn left onto East 53rd St N, then turn right onto E Bristol St and stay on it. Your destination, 5776 E Bristol St, Wichita, KS 67220, will be on the right.
Subdivision
SCKMLS
Standard status
Active
APN
096-24-0-12-04-007.00
Size
2,532 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 25 BLOCK A BRISTOL HOLLOWS ADDITION
Tax Annual Amount
9352
Legal Description
LOT 25 BLOCK A BRISTOL HOLLOWS ADDITION
Utilities
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
fenced lot
Building Details
Year built
2022
Number of units
2
Building materials
Brick Veneer, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Exp Realty, LLC
(855) 414-1871
Listed By:
Virginia Franzese · License #SP00234467
(816) 778-9434
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 6:06PM
MLS# 677882
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.
Constructed in 2022, this side-by-side duplex in northeast Wichita contains two single-story residences with a combined 2,532 square feet of living area. Each unit includes two bedrooms, two bathrooms, a private entrance, and an attached two-car garage, providing four garage spaces across the property. One residence is vacant, while the other is occupied.
The property sits on a 0.4-acre fenced lot and is served by public water and sewer. Exterior materials include brick veneer and vinyl siding beneath a composition roof. Both units feature natural-gas heating, electric cooling, and appliance packages with dishwashers, microwaves, ranges, and refrigerators. The layout supports living in one unit while leasing the other or operating both residences as rental units.
The property sits on a 0.4-acre fenced lot and is served by public water and sewer. Exterior materials include brick veneer and vinyl siding beneath a composition roof. Both units feature natural-gas heating, electric cooling, and appliance packages with dishwashers, microwaves, ranges, and refrigerators. The layout supports living in one unit while leasing the other or operating both residences as rental units.
Key Highlights
- 2022 construction with two side‑by‑side units
- Combined living area of 2,532 square feet
- Each unit has 2 bedrooms, 2 bathrooms, and a private entrance
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
$20,881
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
6.33%
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%
$417,620
$417.6K
Cap Rate 7%
$298,300
$298.3K
Cap Rate 9%
$232,011
$232.0K
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
$31.9K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$29.8K $11.78/SF
− OpEx
−$8.9K −$3.53/SF
NOI
$20.9K $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%
$417,620
Cap Rate 7%
$298,300
Cap Rate 9%
$232,011
Alternative Uses
Best Use
Multifamily LT 5
$298.3K
$261.0K – $348.0K
NOI $20,881 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$626.9K
$548.6K – $731.4K
NOI $43,885 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 67220, KS
14,370
Population
6,032
Households
2.4
Avg Household Size
34
Median Age
43%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
1,996
Density / Sq Mi
$72,861
Median Household Income
$33,454
Median Earnings
$889
Median Rent
$193,900
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 - Two single-story residences offer separate entrances, attached garages, and flexible owner-occupancy or rental use.
Where is this duplex located?
The property is located at 5776 E Bristol Circle 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: 2022 construction with two side‑by‑side units; Combined living area of 2,532 square feet; Each unit has 2 bedrooms, 2 bathrooms, and a private entrance
