4-Unit Apartment
For Sale
$325,000
6804 W Par Lane, Wichita, KS 67212
Each residence has two bedrooms, one bathroom, an open layout, and washer and dryer hookups.
Property Size3,312 SF
Price / SF$98.13
Days on Market54
Property Features for 6804 W Par Lane
General Information
Standard status
Active
Size
3,312 SF
Total Parking Spaces
8
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,235
Amenities
in-unit washer and dryer hookups
Building Details
Building Size
3,312 SF
Year Built
1980
Units
4
Listing Agency:
Pinnacle Realty Group
(316) 263-7653
Listed By:
Tyson Bean · License #00228875
(316) 461-9088
Source:
Albright-realty
Added: Sep 10
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 Pinnacle Realty Group
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 four-unit residential property contains 3,312 square feet and was built in 1980. Each apartment is configured with two bedrooms and one bathroom, with an open floor plan and hookups for a washer and dryer. Paved parking serves the property.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,312 square feet; built in 1980
- Open floor plans and in‑unit washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,712
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,240
$494.2K
Cap Rate 7%
$353,029
$353.0K
Cap Rate 9%
$274,578
$274.6K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$37.8K $11.40/SF
− Vacancy
−$2.5K −$0.74/SF
EGI
$35.3K $10.66/SF
− OpEx
−$10.6K −$3.20/SF
NOI
$24.7K $7.46/SF
Area
ZIP 67212
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,240
Cap Rate 7%
$353,029
Cap Rate 9%
$274,578
Alternative Uses
Best Use
Multifamily LT 5
$353.0K
$308.9K – $411.9K
NOI $24,712 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$329.5K
$288.3K – $384.4K
NOI $23,062 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$722.7K
$632.3K – $843.1K
NOI $50,586 @ 7.0% cap · market cap 15.56%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 67212, KS
43,587
Population
19,409
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
3,487
Density / Sq Mi
$64,957
Median Household Income
$42,601
Median Earnings
$1,021
Median Rent
$189,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, one bathroom, an open layout, and washer and dryer hookups.
Where is this quadplex located?
The property is located at 6804 W Par Lane Wichita, KS.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,312 square feet; built in 1980; Open floor plans and in‑unit washer and dryer hookups
