Remodeled Brick
New
For Sale
$150,000
6514-6516 E Cottonwood Lane, Wichita, KS 67207
Residential Income, Wichita, KS
Property Size1,650 SF
Lot Size0.22 Acres
Price / SF$90.91
Days on Market1
Property Features for 6514-6516 E Cottonwood Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Basement
Unfinished
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
From Kellogg and Woodlawn, South to Cottonwood, East to home.
Subdivision
SCKMLS
Standard status
Active
APN
119300220201300
Size
1,650 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Long Legal See Tax
Tax Annual Amount
569
Legal Description
Long Legal See Tax
Utilities
Utilities
Natural Gas Available
Heating system
Central, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
unfinished basement
mature shade trees
Building Details
Year built
1949
Number of units
2
Building materials
Brick, Brick Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
Elite Real Estate Experts
(316) 719-4000
Listed By:
Jarod Gillenwater
(316) 550-1970
Added: Oct 15
Last Checked: Oct 15 at 10:06PM
MLS# 680514
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.
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Investment Insights
Based on property information with market context.
This single-story brick duplex contains two residences, each with two bedrooms. Both units have been remodeled; the home at 6514 received a full interior renovation, while the other unit was also updated. The property includes an unfinished basement, composition roof, and window-unit cooling. Total building area is 1,650 square feet on a 0.2239-acre parcel.
Each unit has two parking spaces. Tenants pay their own electric and gas, and natural gas is available. The property was built in 1949 and has public water service.
Each unit has two parking spaces. Tenants pay their own electric and gas, and natural gas is available. The property was built in 1949 and has public water service.
Key Highlights
- Two‑unit duplex with 1,650 square feet of building area
- 0.2239‑acre parcel at 6514‑6516 E Cottonwood Lane, Wichita, KS 67207
- Each unit has two bedrooms and two parking spots
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.
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Current Use
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
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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 been updated, with an unfinished basement providing additional storage space.
Where is this duplex located?
The property is located at 6514-6516 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‑unit duplex with 1,650 square feet of building area; 0.2239‑acre parcel at 6514‑6516 E Cottonwood Lane, Wichita, KS 67207; Each unit has two bedrooms and two parking spots
