New Four-Bedroom
New
For Sale
$539,800
757 N Wheatland, Wichita, KS 67235
MULTI_FAMILY - Other - Wichita, KS
Property Size3,324 SF
Lot Size0.29 Acres
Price / SF$162.39
Days on Market1
Property Features for 757 N Wheatland
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
Dwight D Eisenhower (Manhattan)
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
1/2 mile east of 135th off Central. North on Rainbow Lake. East on Thorton.
Standard status
Active
APN
30028042
Size
3,324 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 15 Blk D Bridger at Central Addition
Tax Annual Amount
2
HOA Fee
$3,000 Annually
Legal Description
Lot 15 Blk D Bridger at Central Addition
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Multi Units, Electric
Water source
Public
Amenities
covered patio
fenced yard
irrigation
Building Details
Year built
2026
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: Aug 12
Last Checked: Aug 12 at 9:06PM
MLS# 677460
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 under-construction duplex at 757 N Wheatland in Wichita is designed as a two-unit residential income property. Each unit offers 4 bedrooms and 2 bathrooms within 1,662 sq. ft., for a combined property size of 3,324 square feet. The interiors feature open living areas, LVP flooring, white quartz kitchen countertops, stainless steel appliances, and oversized bathrooms with dual sinks. One bathroom in each unit connects the second and third bedrooms in a Jack-and-Jill arrangement.
Each residence includes a 2-car garage, a covered 15x10 patio, fenced yard, sprinkler system, and irrigation. Exterior construction includes brick and Smart Lap siding, with composition roofing, natural gas forced-air heating, and electric cooling through multi-unit systems. Public water is provided, and natural gas is available. The property is situated in the Crescent Creek community, approximately 1/2 mile east of 135th Street and north of Central, with future plans for a clubhouse, swimming pool, pickleball court, stocked lake, and walking paths.
Each residence includes a 2-car garage, a covered 15x10 patio, fenced yard, sprinkler system, and irrigation. Exterior construction includes brick and Smart Lap siding, with composition roofing, natural gas forced-air heating, and electric cooling through multi-unit systems. Public water is provided, and natural gas is available. The property is situated in the Crescent Creek community, approximately 1/2 mile east of 135th Street and north of Central, with future plans for a clubhouse, swimming pool, pickleball court, stocked lake, and walking paths.
Key Highlights
- Two‑unit duplex with 3,324 square feet combined
- Each unit includes 4 bedrooms, 2 bathrooms, and 1,662 sq. ft.
- 2‑car garage provided for each unit
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
$27,412
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
5.08%
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%
$548,240
$548.2K
Cap Rate 7%
$391,600
$391.6K
Cap Rate 9%
$304,578
$304.6K
Market Conditions
NOI Build-Up for 3,324 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
$41.9K $12.60/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$39.2K $11.78/SF
− OpEx
−$11.7K −$3.53/SF
NOI
$27.4K $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%
$548,240
Cap Rate 7%
$391,600
Cap Rate 9%
$304,578
Alternative Uses
Best Use
Multifamily LT 5
$391.6K
$342.7K – $456.9K
NOI $27,412 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$364.3K
$318.8K – $425.0K
NOI $25,500 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$823.0K
$720.2K – $960.2K
NOI $57,612 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with open interiors, quartz-finished kitchens, attached garages, fenced yards, and covered patios.
Where is this duplex located?
The property is located at 757 N Wheatland Wichita, KS.
What is the asking price?
The asking price for this property is $539,800.
What are key features of this property?
This property features: Two‑unit duplex with 3,324 square feet combined; Each unit includes 4 bedrooms, 2 bathrooms, and 1,662 sq. ft.; 2‑car garage provided for each unit
