Brick Duplex with Finished
For Sale
$165,000
Pending
6124 E Harry St, Wichita, KS 67218
Residential Income, Wichita, KS
Property Size1,549 SF
Lot Size0.23 Acres
Days on Market204
Property Features for 6124 E Harry St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Basement
Finished
Appliances
Disposal, Range, Refrigerator
Elementary school
Meade
Middle school
Curtis
High school
Southeast
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
Harry ST & Woodlawn, property is located on the SW corner.
Subdivision
SCKMLS
Standard status
Pending
APN
127-25-0-44-06-010.00A
Size
1,549 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 22 BLOCK 6 LINCOLN HILLS ADD.
Tax Annual Amount
1330
Legal Description
LOT 22 BLOCK 6 LINCOLN HILLS ADD.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1952
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lyn Hett
(316) 350-7971
Added: Mar 6
Changed: Sep 15
Last Checked: Sep 26 at 2:06AM
MLS# 669278
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.
This brick duplex in Wichita provides 1,549 square feet of residential space on a 0.23-acre lot. The property includes two bedrooms, one bathroom, a full finished basement, and a bonus room that expands the usable interior area. Carpet and tile flooring are installed, with forced-air natural gas heating and electric cooling. A range, refrigerator, and disposal are included.
Built in 1952, the property is located at 6124 E Harry St in Wichita, Kansas. Public water serves the site, and natural gas is available. The composition roof adds to the building’s established construction profile. Tenant access and showings are coordinated through the listing agent and property management.
Built in 1952, the property is located at 6124 E Harry St in Wichita, Kansas. Public water serves the site, and natural gas is available. The composition roof adds to the building’s established construction profile. Tenant access and showings are coordinated through the listing agent and property management.
Key Highlights
- 1,549 SF duplex on a 0.23‑acre lot
- Two bedrooms and one bathroom
- Full finished basement and bonus room
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
$12,774
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
7.74%
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%
$255,480
$255.5K
Cap Rate 7%
$182,486
$182.5K
Cap Rate 9%
$141,933
$141.9K
Market Conditions
NOI Build-Up for 1,549 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
$19.5K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.2K $11.78/SF
− OpEx
−$5.5K −$3.53/SF
NOI
$12.8K $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%
$255,480
Cap Rate 7%
$182,486
Cap Rate 9%
$141,933
Alternative Uses
Best Use
Multifamily LT 5
$182.5K
$159.7K – $212.9K
NOI $12,774 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$169.8K
$148.5K – $198.1K
NOI $11,883 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$383.5K
$335.6K – $447.5K
NOI $26,848 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 67218, KS
23,044
Population
11,483
Households
2
Avg Household Size
35
Median Age
25%
College-Educated
81%
High-School Grad
5.0 sq mi
ZIP Area
4,609
Density / Sq Mi
$47,905
Median Household Income
$33,750
Median Earnings
$905
Median Rent
$117,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-bedroom rental property with a bonus room and public water service.
Where is this duplex located?
The property is located at 6124 E Harry St Wichita, KS.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,549 SF duplex on a 0.23‑acre lot; Two bedrooms and one bathroom; Full finished basement and bonus room
