Duplex with Covered Back
711 N Rainbow Lake St. Wichita, KS 67235
711 N Rainbow Lake St., Wichita, KS, 67235
$248,900
For Sale
$248,900
SINGLE_FAMILY - Ranch - Wichita, KS
Property Size1,470 SF
Lot Size0.26 Acres
Price / SF$169.32
Days on Market157
Property Features for 711 N Rainbow Lake St.
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Dining Room, Bedroom 3, Laundry Room
- Window features
- Storm Window(s)
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Smoke Detector(s)
- Exterior features
- Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Range, Smoke Detector
- Standard status
- Active
- APN
- 30027989
- Size
- 1,470 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 3 BLOCK C BRIDGER AT CENTRAL ADDITION
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Flooring type
- Smoke detector(s)
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency
RE/MAX Premier
(316) 773-2707
2243 N Ridge Rd. Ste. 105, Wichita, KS
Listed by
Karen Hampton · License #00052101
(316) 641-9442
Added: Feb 13 Updated: Jul 19 at 5:03 am Checked: Jul 20 at 5:06 pm
MLS# 668257
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.
Newly built duplexes in the Crescent Creek community offer a well-designed three-bedroom, two-bath plan on each side, including a two-car garage and 1,470 square feet of living space. Interiors feature a spacious living room with vaulted ceilings and a custom beam accent, along with durable LVP flooring. Kitchens include quartz countertops, a large eating bar, a walk-in pantry, and stainless steel appliances (stove, microwave, dishwasher, and refrigerator). The primary suite includes a walk-in closet and a private bath with double vanities. Outdoor space includes a private side patio and a 12x14 covered back patio overlooking a wooded lot, and each unit includes a fully fenced and landscaped yard.
Located in Wichita, Kansas at 711 N Rainbow Lake St., the duplexes are described as being just east of 135th Street off Central within Crescent Creek. The exterior includes brick wainscot at the front paired with LP Smart Lap siding.
Residents will have access to future community amenities, including a clubhouse with a basement, swimming pool, pickleball court, stocked lake, and walking paths. HOA dues are $125 per month and include lawn mowing, trash service, irrigation, and access to community amenities. Special taxes are estimated at $156 per month per side based on a lot split survey, with general and special taxes not yet fully assessed.
Located in Wichita, Kansas at 711 N Rainbow Lake St., the duplexes are described as being just east of 135th Street off Central within Crescent Creek. The exterior includes brick wainscot at the front paired with LP Smart Lap siding.
Residents will have access to future community amenities, including a clubhouse with a basement, swimming pool, pickleball court, stocked lake, and walking paths. HOA dues are $125 per month and include lawn mowing, trash service, irrigation, and access to community amenities. Special taxes are estimated at $156 per month per side based on a lot split survey, with general and special taxes not yet fully assessed.
Key Highlights
- New duplexes under construction, Year built 2026, Ranch style plan with 3 bedrooms and 2 bathrooms per side
- 1,470 SF of living space per side with a 2‑car garage, plus vaulted ceilings and walk‑in closets
- Kitchen with quartz countertops, large eating bar, walk‑in pantry, and stainless steel appliances (range, microwave, dishwasher, refrigerator)
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 | $18.5k | $12.60 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $17.3k | $11.78 |
| − OpEx | −$5.2k | −$3.53 |
| NOI | $12.1k | $8.25 |
1,470 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.2K
$151.5K – $202.1K
NOI $12,123 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$364.0K
$318.5K – $424.6K
NOI $25,478 @ 7.0% cap · market cap 10.24%
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 - New duplexes offer 3-bedroom, 2-bath layouts with two-car garages, private patios, and fully fenced, landscaped yards.
Where is this duplex located?
The property is located at 711 N Rainbow Lake St. Wichita, KS.
What is the asking price?
The asking price for this property is $248,900.
What are key features of this property?
This property features: New duplexes under construction, Year built 2026, Ranch style plan with 3 bedrooms and 2 bathrooms per side; 1,470 SF of living space per side with a 2‑car garage, plus vaulted ceilings and walk‑in closets; Kitchen with quartz countertops, large eating bar, walk‑in pantry, and stainless steel appliances (range, microwave, dishwasher, refrigerator)
