Duplex with EV-Ready
For Sale
$449,800
753 N Wheatland St Unit 100, Wichita, KS 67235
MULTI_FAMILY - Other - Wichita, KS
Property Size2,712 SF
Lot Size0.29 Acres
Price / SF$165.86
Days on Market53
Property Features for 753 N Wheatland St Unit 100
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
Bridger at Central Addition - Crescent Creek
Elementary school
Explorer
Middle school
Eisenhower
High school
Dwight D. Eisenhower
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
West on Central from 119th to "Crescent Creek", before 135th, North on Rainbow Lake St. to Thornton.
Standard status
Active
APN
30028041
Size
2,712 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 14 BLOCK D BRIDGER AT CENTRAL ADDITION
Tax Annual Amount
6
HOA Fee
$3,000 Annually
Legal Description
LOT 14 BLOCK D BRIDGER AT CENTRAL ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Amenities
community dog park
Building Details
Year built
2025
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Premier · RE/MAX International
(316) 773-2707
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Added: Jun 15
Changed: Aug 5
Last Checked: Aug 6 at 11:06AM
MLS# 674566
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.
Located in the “Crescent Creek” community, this duplex is under construction with frame construction, a composition roof, forced-air natural gas heat, and electric cooling. The plan includes three bedrooms, two bathrooms, an electric fireplace in the living room, and vaulted ceilings connecting to an open-concept kitchen with abundant cabinetry, quartz countertops, a walk-in pantry, and stainless steel appliances.
A covered front porch welcomes you at entry, and the home includes a 2-car garage with a convenient EV charger. Step out the back door to a covered 10x10 patio and a fully fenced, sprinklered backyard. The primary suite features vaulted ceilings, an en-suite bath with dual vanities, a walk-in shower, and an oversized walk-in closet.
The property totals 2,712 square feet, sits on a 0.2869-acre lot, and was built in 2025. An HOA is currently being established to cover lawn mowing, irrigation, trash service, and access to a community dog park.
A covered front porch welcomes you at entry, and the home includes a 2-car garage with a convenient EV charger. Step out the back door to a covered 10x10 patio and a fully fenced, sprinklered backyard. The primary suite features vaulted ceilings, an en-suite bath with dual vanities, a walk-in shower, and an oversized walk-in closet.
The property totals 2,712 square feet, sits on a 0.2869-acre lot, and was built in 2025. An HOA is currently being established to cover lawn mowing, irrigation, trash service, and access to a community dog park.
Key Highlights
- Under construction duplex in the Crescent Creek community
- 2,712 SF total with 0.2869‑acre lot and Year Built 2025
- 2‑car garage with convenient EV charger
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
$22,365
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
4.97%
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%
$447,300
$447.3K
Cap Rate 7%
$319,500
$319.5K
Cap Rate 9%
$248,500
$248.5K
Market Conditions
NOI Build-Up for 2,712 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
$34.2K $12.60/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$32.0K $11.78/SF
− OpEx
−$9.6K −$3.53/SF
NOI
$22.4K $8.25/SF
Area
Wichita, KS
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$447,300
Cap Rate 7%
$319,500
Cap Rate 9%
$248,500
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,365 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$297.2K
$260.1K – $346.8K
NOI $20,805 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$671.5K
$587.6K – $783.4K
NOI $47,005 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 67235, KS
14,824
Population
5,311
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
98%
High-School Grad
10.8 sq mi
ZIP Area
1,373
Density / Sq Mi
$112,500
Median Household Income
$51,333
Median Earnings
$1,541
Median Rent
$298,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex under construction in Crescent Creek with a 2-car garage, EV charger, and covered patio.
Where is this duplex located?
The property is located at 753 N Wheatland St Unit 100 Wichita, KS.
What is the asking price?
The asking price for this property is $449,800.
What are key features of this property?
This property features: Under construction duplex in the Crescent Creek community; 2,712 SF total with 0.2869‑acre lot and Year Built 2025; 2‑car garage with convenient EV charger
