Quadplex with Laundry
For Sale
$325,000
6808 W Par Lane, Wichita, KS 67212
Each residence has washer and dryer connections, with paved parking available on site.
Property Size3,312 SF
Price / SF$98.13
Days on Market54
Property Features for 6808 W Par Lane
General Information
Standard status
Active
Size
3,312 SF
Total Parking Spaces
8
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,232
Amenities
paved parking
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 2:39AM
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
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Investment Insights
Based on property information with market context.
Built in 1980, this four-unit residential property contains 2-bedroom, 1-bath apartments. The units have open layouts and in-unit washer and dryer hookups, with paved parking serving the property.
Shopping, schools, restaurants, and other everyday services are located nearby.
Shopping, schools, restaurants, and other everyday services are located nearby.
Key Highlights
- Four units, each with 2 bedrooms and 1 bath
- In‑unit washer and dryer hookups in every residence
- Paved parking on site
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has washer and dryer connections, with paved parking available on site.
Where is this quadplex located?
The property is located at 6808 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 bath; In‑unit washer and dryer hookups in every residence; Paved parking on site
