Turnkey Derby Duplex Investment
6411 S Vassar Ave Derby, KS 67037
6411 S Vassar Ave, Derby, KS, 67037
$340,000
For Sale
$340,000
MULTI_FAMILY - Other - Derby, KS
Property Size2,194 SF
Lot Size10,000.00 Acres
Price / SF$154.97
Days on Market49
Property Features for 6411 S Vassar Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Appliances
- Dishwasher, Microwave, Refrigerator
- Standard status
- Active
- APN
- 217260330800600
- Size
- 2,194 SF
- Lot size
- 10,000.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 6 BLOCK B VASSAR ADDITION
- Tax Annual Amount
- 4258
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2017
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Heritage 1st Realty
(316) 512-1300
12005 E 13th St N, Wichita, KS
Listed by
Dustin Lynam · License #00237038
(316) 259-9184
Added: May 30 Checked: Jul 17 at 8:06 am
MLS# 673797
Listing URL
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 duplex in Derby, Kansas, presents a turnkey investment opportunity. Each unit features 3 bedrooms, 2 bathrooms, and an attached 2-car garage. The property offers modern finishes and spacious layouts. Both units are currently rented at $1,450 per month, providing immediate cash flow. The property is located in the Derby school district, minutes from K-15, shopping, dining, and local amenities. The property size is 2194 square feet and the lot size is 10000 acres. This is a fully leased, income-generating property with excellent income potential.
Key Highlights
- Duplex built in 2017 with frame construction, composition roof, and forced‑air natural gas heating
- Both units are currently rented at $1,450/month
- Each unit offers 3 bedrooms and 2 bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $12.60 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $26.2k | $11.94 |
| − OpEx | −$7.9k | −$3.58 |
| NOI | $18.3k | $8.36 |
2,194 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%
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
$241.7K
$211.5K – $282.0K
NOI $16,920 @ 7.0% cap · market cap 4.98%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully leased duplex in Derby with immediate cash flow.
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: Duplex built in 2017 with frame construction, composition roof, and forced‑air natural gas heating; Both units are currently rented at $1,450/month; Each unit offers 3 bedrooms and 2 bathrooms
