Duplex with Open Living
For Sale
$325,000
5794 E Bristol Circle, Wichita, KS 67220
Maintained duplex with plank flooring, updated lighting, full kitchen appliances, and a private fenced backyard.
Property Size2,532 SF
Price / SF$128.36
Days on Market87
Property Features for 5794 E Bristol Circle
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,304
Amenities
patio
fenced-in backyard
Listing Agency:
Exp Realty, LLC
(816) 778-9434
Listed By:
Virginia Franzese · License #SP00234467
(816) 778-9434
Source:
Exprealty
Added: Jun 6
Changed: Aug 31
Last Checked: Aug 30 at 7:10PM
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 2,532-square-foot duplex combines a three-bedroom, two-bathroom configuration with an open interior layout. Plank flooring extends throughout the property, while recessed lighting adds consistent illumination across the living areas. The dining area connects to a rear walk-out patio, creating a direct transition between indoor and outdoor spaces.
A full kitchen appliance package includes a stove, refrigerator, and dishwasher. The enclosed backyard provides private outdoor space, with room for pets, recreation, or gardening. Located at 5794 E Bristol Circle in Wichita, Kansas, the property is presented as a well-maintained residential income asset.
A full kitchen appliance package includes a stove, refrigerator, and dishwasher. The enclosed backyard provides private outdoor space, with room for pets, recreation, or gardening. Located at 5794 E Bristol Circle in Wichita, Kansas, the property is presented as a well-maintained residential income asset.
Key Highlights
- 2,532‑square‑foot duplex with a three‑bedroom, two‑bathroom configuration
- Open floor plan with plank flooring throughout and no carpet
- Rear dining area opens to a walk‑out patio
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
6.42%
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 6.42%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$626.9K
$548.6K – $731.4K
NOI $43,885 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Maintained duplex with plank flooring, updated lighting, full kitchen appliances, and a private fenced backyard.
Where is this duplex located?
The property is located at 5794 E Bristol Circle Wichita, KS.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,532‑square‑foot duplex with a three‑bedroom, two‑bathroom configuration; Open floor plan with plank flooring throughout and no carpet; Rear dining area opens to a walk‑out patio
