All-Brick
For Sale
$165,000
6142 E Harry St, Wichita, KS 67218
Residential Income, Wichita, KS
Property Size1,559 SF
Lot Size0.19 Acres
Price / SF$105.84
Days on Market203
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: Sep 15
Last Checked: Sep 26 at 2:06AM
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.
Built in 1952, this 1,559-square-foot duplex contains two residential units, each offering two bedrooms, one bathroom, a living area, and a kitchen. The all-brick structure includes range, refrigerator, and disposal appliances, along with forced-air and electric heating, electric cooling, a composition roof, and access to natural gas. Tenants are currently in place, and showings are coordinated through the listing agent and property management.
The property occupies 0.19 acres in Wichita, Kansas. Water is supplied privately, and the asset is offered for sale as a duplex, with the seller also open to a package transaction involving additional properties.
The property occupies 0.19 acres in Wichita, Kansas. Water is supplied privately, and the asset is offered for sale as a duplex, with the seller also open to a package transaction involving additional properties.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- 1,559 square feet on a 0.19‑acre lot
- All‑brick construction completed in 1952
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
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Occupied two-unit property with separate living areas, functional kitchens, and established residential use.
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: Two‑unit duplex with 2 bedrooms and 1 bath per unit; 1,559 square feet on a 0.19‑acre lot; All‑brick construction completed in 1952
