Duplex with Attached
For Sale
$350,000
631 N Mulvane St, Mulvane, KS 67110
Both residences have three bedrooms, two bathrooms and attached two-car garages.
Property Size2,186 SF
Price / SF$160.11
Days on Market118
Property Features for 631 N Mulvane St
General Information
Standard status
Active
Size
2,186 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,478
Building Details
Building Size
2,186 SF
Year Built
2017
Buildings
1
Units
2
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Justin Crafton
(316) 461-2806
Source:
Albright-realty
Added: Jul 8
Changed: Nov 2
Last Checked: Nov 2 at 2:35AM
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 Heritage 1st Realty
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Investment Insights
Based on property information with market context.
This 2017 duplex contains two matching residences, each arranged with three bedrooms, two bathrooms and an attached two-car garage. The property is listed at 2,186 square feet. Shared features across the units include generous living areas and storage.
The property is in Mulvane, with access to schools, parks, K-15 and Rock Road.
The property is in Mulvane, with access to schools, parks, K-15 and Rock Road.
Key Highlights
- Two matching residences, each with 3 bedrooms and 2 bathrooms
- Attached 2‑car garage at each residence
- 2,186 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,278
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,560
$365.6K
Cap Rate 7%
$261,114
$261.1K
Cap Rate 9%
$203,089
$203.1K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$27.5K $12.60/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$26.1K $11.94/SF
− OpEx
−$7.8K −$3.58/SF
NOI
$18.3K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,560
Cap Rate 7%
$261,114
Cap Rate 9%
$203,089
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$240.8K
$210.7K – $281.0K
NOI $16,859 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 67110, KS
8,263
Population
3,394
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
97%
High-School Grad
54.3 sq mi
ZIP Area
152
Density / Sq Mi
$73,387
Median Household Income
$44,226
Median Earnings
$1,190
Median Rent
$179,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two bathrooms and attached two-car garages.
Where is this duplex located?
The property is located at 631 N Mulvane St Mulvane, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two matching residences, each with 3 bedrooms and 2 bathrooms; Attached 2‑car garage at each residence; 2,186 square feet
