Two-Unit Brick
6154-6516 E Cottonwood Lane, Wichita, KS 67207
For Sale
$150,000
Both residences have two bedrooms, updated interiors, and separate electric and gas expenses paid by occupants.
Property Size1,650 SF
Price / SF$90.91
Days on Market29
Property Features for 6154-6516 E Cottonwood Lane
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Stories
Construction
Listing Agency:
Elite Real Estate Experts
(316) 719-4000
Listed By:
Jarod Gillenwater
(316) 550-1970
Source:
Exprealty
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 10 at 2:15PM
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 Elite Real Estate Experts
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,650-square-foot, single-level brick duplex contains two remodeled residences, each with two bedrooms. One side received a full interior renovation, while the other has also been updated. The property has a roof less than five years old, newer gutters, and an unfinished basement for storage. Mature shade trees surround the home.
Each residence comes with two parking spaces. Occupants pay their own electric and gas costs.
Each residence comes with two parking spaces. Occupants pay their own electric and gas costs.
Key Highlights
- Two 2‑bedroom residences in a 1,650‑square‑foot duplex
- Both units have been remodeled; one was renovated from the studs
- Roof is less than 5 years old, with newer gutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,519
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,380
$270.4K
Cap Rate 7%
$193,129
$193.1K
Cap Rate 9%
$150,211
$150.2K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$20.2K $12.24/SF
− Vacancy
−$883 −$0.53/SF
EGI
$19.3K $11.71/SF
− OpEx
−$5.8K −$3.51/SF
NOI
$13.5K $8.19/SF
Area
ZIP 67207
Vacancy
4.37%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,380
Cap Rate 7%
$193,129
Cap Rate 9%
$150,211
Alternative Uses
Best Use
Multifamily LT 5
$193.1K
$169.0K – $225.3K
NOI $13,519 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$356.1K
$311.6K – $415.5K
NOI $24,929 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Wichita, KS
Properties on Market for Duplexes in Wichita
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, updated interiors, and separate electric and gas expenses paid by occupants.
Where is this duplex located?
The property is located at 6154-6516 E Cottonwood Lane Wichita, KS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two 2‑bedroom residences in a 1,650‑square‑foot duplex; Both units have been remodeled; one was renovated from the studs; Roof is less than 5 years old, with newer gutters
