All-Brick
For Sale
$165,000
6142 E Harry St, Wichita, KS 67218
Two-bedroom, one-bath units offer spacious living areas and occupied rental space.
Property Size1,559 SF
Price / SF$105.84
Days on Market178
Property Features for 6142 E Harry St
General Information
Standard status
Active
Size
1,559 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,325
Listing Agency:
Real Broker, LLC
(316) 350-7971
Listed By:
Lyn Hett
(316) 350-7971
Source:
Exprealty
Added: Mar 7
Changed: Aug 31
Last Checked: Aug 30 at 10:39PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This all-brick duplex contains two separately configured units, each with two bedrooms and one bathroom. Both residences feature spacious living areas and practical kitchen layouts, providing a straightforward residential income configuration. Tenants are currently in place, and access is coordinated through the listing agent and property management.
The property is located at 6142 E Harry St in Wichita, Kansas. The seller is also open to including this duplex in a package sale with additional properties. Showings require advance coordination, and tenants should not be disturbed.
The property is located at 6142 E Harry St in Wichita, Kansas. The seller is also open to including this duplex in a package sale with additional properties. Showings require advance coordination, and tenants should not be disturbed.
Key Highlights
- All‑brick duplex construction
- Two units, each with 2 bedrooms and 1 bath
- Tenants currently in place
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
$12,857
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
7.79%
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%
$257,140
$257.1K
Cap Rate 7%
$183,671
$183.7K
Cap Rate 9%
$142,856
$142.9K
Market Conditions
NOI Build-Up for 1,559 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
$19.6K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.4K $11.78/SF
− OpEx
−$5.5K −$3.53/SF
NOI
$12.9K $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%
$257,140
Cap Rate 7%
$183,671
Cap Rate 9%
$142,856
Alternative Uses
Best Use
Multifamily LT 5
$183.7K
$160.7K – $214.3K
NOI $12,857 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$170.9K
$149.5K – $199.3K
NOI $11,960 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$386.0K
$337.8K – $450.4K
NOI $27,021 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
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
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 - Two-bedroom, one-bath units offer spacious living areas and occupied rental space.
Where is this duplex located?
The property is located at 6142 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: All‑brick duplex construction; Two units, each with 2 bedrooms and 1 bath; Tenants currently in place
