Leased Duplex with Attached
6411 S Vassar Ave, Derby, KS 67037
For Sale
$340,000
Fully leased duplex with spacious three-bedroom layouts and attached garages.
Property Size2,194 SF
Price / SF$154.97
Days on Market95
Property Features for 6411 S Vassar Ave
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Heritage 1st Realty
Listed By:
Dustin Lynam · License KS #00237038
(316) 259-9184
Source:
Highpointks
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 2:17PM
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
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 duplex contains 2,194 square feet with two residential units, each offering 3 bedrooms, 2 bathrooms, and an attached 2-car garage. Both units are currently leased, providing an established occupancy profile for the property. The construction is described as low-maintenance, and the interiors include modern finishes with layouts designed for long-term residential use.
The property is located in Derby, within the Derby school district and near K-15. Shopping, dining, and other local amenities are also situated nearby, supporting convenient access for residents. Each unit’s combination of bedroom count, private bathrooms, and attached garage space creates a consistent configuration across the duplex.
The property is located in Derby, within the Derby school district and near K-15. Shopping, dining, and other local amenities are also situated nearby, supporting convenient access for residents. Each unit’s combination of bedroom count, private bathrooms, and attached garage space creates a consistent configuration across the duplex.
Key Highlights
- Two‑unit duplex totaling 2,194 square feet
- Both units currently leased
- Each unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,345
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,900
$366.9K
Cap Rate 7%
$262,071
$262.1K
Cap Rate 9%
$203,833
$203.8K
Market Conditions
NOI Build-Up for 2,194 SF
Gross rent
$27.6K $12.60/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$26.2K $11.94/SF
− OpEx
−$7.9K −$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%
$366,900
Cap Rate 7%
$262,071
Cap Rate 9%
$203,833
Alternative Uses
Best Use
Multifamily LT 5
$262.1K
$229.3K – $305.8K
NOI $18,345 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$457.3K
$400.1K – $533.5K
NOI $32,010 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 67037, KS
30,005
Population
12,680
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
96%
High-School Grad
53.6 sq mi
ZIP Area
560
Density / Sq Mi
$84,666
Median Household Income
$46,305
Median Earnings
$1,085
Median Rent
$227,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Sedgwick County, KS
Properties on Market for Duplexes in Sedgwick County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with spacious three-bedroom layouts and attached garages.
Where is this duplex located?
The property is located at 6411 S Vassar Ave Derby, KS.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,194 square feet; Both units currently leased; Each unit includes 3 bedrooms and 2 bathrooms
