All-Brick Duplex Investment
For Sale
$165,000
6142 E Harry St, Wichita, KS 67218
MULTI_FAMILY - Other - Wichita, KS
Property Size1,559 SF
Lot Size0.19 Acres
Price / SF$105.84
Days on Market157
Property Features for 6142 E Harry St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Basement
Finished
Appliances
Disposal, Range, Refrigerator
Elementary school
Caldwell
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
Located on the NW corner of Harry st and Woodlawn
Subdivision
SCKMLS
Standard status
Active
APN
127-25-0-44-06-012.00A
Size
1,559 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 19 BLOCK 6 LINCOLN HILLS ADD.
Tax Annual Amount
1325
Legal Description
LOT 19 BLOCK 6 LINCOLN HILLS ADD.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Electric (Heating)
Cooling system
Electric
Water source
Private
Building Details
Year built
1952
Number of units
2
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 7
Changed: Jul 23
Last Checked: Aug 11 at 6:06PM
MLS# 669310
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 well-maintained all-brick duplex offers two residential units, each with 2 bedrooms and 1 bath. The floorplans include spacious living areas and functional kitchen layouts. Tenants are currently in place.
The property is located in Wichita, Kansas (Sedgwick County). The lot size is listed at 0.19 acres, with a total property size of 1,559 square feet. The seller is also open to selling the duplex as part of a package deal with additional properties.
Showings and access must be coordinated through the listing agent and property management, and tenants should not be disturbed.
The property is located in Wichita, Kansas (Sedgwick County). The lot size is listed at 0.19 acres, with a total property size of 1,559 square feet. The seller is also open to selling the duplex as part of a package deal with additional properties.
Showings and access must be coordinated through the listing agent and property management, and tenants should not be disturbed.
Key Highlights
- Immediate rental income with tenants in place
- Well‑maintained all‑brick duplex
- Two bedrooms and one bath per unit
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
822
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 - Well-maintained duplex with 2-bedroom, 1-bath units and tenant occupancy providing immediate rental income.
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: Immediate rental income with tenants in place; Well‑maintained all‑brick duplex; Two bedrooms and one bath per unit
