Ranch-Style Multifamily
For Sale
$1,350,000
691/695/699 1013 W Long Path, Goddard, KS 67052
MULTI_FAMILY - Goddard, KS
Property Size5,876 SF
Lot Size1.04 Acres
Price / SF$229.75
Days on Market93
Property Features for 691/695/699 1013 W Long Path
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
Trails End
Elementary school
Clark Davidson
Middle school
Goddard
High school
Robert Goddard
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
215th & Kellogg (Highway 54), South to Long Path, East to Long Path Court then South.
Standard status
Active
APN
149310320108300
Size
5,876 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 77,78,79,80 BLOCK 1 GODDARD TRAILS END ADDITION
Tax Annual Amount
1357
HOA Fee
$1,440 Annually
Legal Description
LOT 77,78,79,80 BLOCK 1 GODDARD TRAILS END ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
2024
Number of units
4
Building materials
Brick Veneer, Frame
Roof type
Composition
Listing Agency:
Realty4Less
(316) 932-2500
Listed By:
Bryan Hazen
(316) 312-3405
Added: May 11
Changed: Aug 1
Last Checked: Aug 11 at 6:06PM
MLS# 672888
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 offering is a package sale of four newer ranch-style homes in the Trails End Addition. The homes are configured with zero-entry access and no basements, and each includes a storm shelter located in the garage. Interiors feature quality finishes, including island kitchens, stainless steel kitchen appliances, and granite countertops in both kitchens and bathrooms. Exterior and site amenities include sprinkler systems and irrigation wells for the yards. The property package includes two 3-bedroom, 2-bath homes and two 4-bedroom, 2-bath homes, and each home has a 3-car garage. The four homes have a total of four roof lines.
The homes are located in Goddard, Kansas. Each property is currently tenant occupied and is sold subject to tenant rights. No showings or copies of leases are provided prior to an accepted contract; inspections and showings are scheduled during the due diligence period after contract acceptance.
The homes are located in Goddard, Kansas. Each property is currently tenant occupied and is sold subject to tenant rights. No showings or copies of leases are provided prior to an accepted contract; inspections and showings are scheduled during the due diligence period after contract acceptance.
Key Highlights
- Package of 4 newer ranch‑style homes sold together for $1,350,000 in the Trails End Addition in Goddard
- Two 3‑bed, 2‑bath homes and two 4‑bed, 2‑bath homes, each with a 3‑car garage
- Year built 2024; each home has zero‑entry access and no basements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,320
$906.3K
Cap Rate 7%
$647,371
$647.4K
Cap Rate 9%
$503,511
$503.5K
Market Conditions
NOI Build-Up for 5,876 SF
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.
Gross rent
$86.7K $14.76/SF
− Vacancy
−$4.3K −$0.74/SF
EGI
$82.4K $14.02/SF
− OpEx
−$37.1K −$6.31/SF
NOI
$45.3K $7.71/SF
Area
Sedgwick County, KS
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,320
Cap Rate 7%
$647,371
Cap Rate 9%
$503,511
Alternative Uses
Best Use
Apartment 5plus
$647.4K
$566.5K – $755.3K
NOI $45,316 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,731 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 67052, KS
8,977
Population
3,081
Households
2.9
Avg Household Size
36
Median Age
39%
College-Educated
98%
High-School Grad
51.8 sq mi
ZIP Area
173
Density / Sq Mi
$104,044
Median Household Income
$48,428
Median Earnings
$1,372
Median Rent
$253,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Package includes four newer ranch homes with 3-car garages, zero-entry access, and tenant-occupied status.
Where is this single family property located?
The property is located at 691/695/699 1013 W Long Path Goddard, KS.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Package of 4 newer ranch‑style homes sold together for $1,350,000 in the Trails End Addition in Goddard; Two 3‑bed, 2‑bath homes and two 4‑bed, 2‑bath homes, each with a 3‑car garage; Year built 2024; each home has zero‑entry access and no basements
