New Duplex with Covered
809 N Rainbow Lake St Wichita, KS 67235
809 N Rainbow Lake St, Wichita, KS, 67235
$249,900
For Sale
$249,900
SINGLE_FAMILY - Ranch - Wichita, KS
Property Size1,456 SF
Lot Size0.28 Acres
Price / SF$171.63
Days on Market39
Property Features for 809 N Rainbow Lake St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 3, Kitchen
- Window features
- Storm Window(s)
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Window Coverings-All
- Exterior features
- Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Range
- Standard status
- Active
- APN
- 30027993
- Size
- 1,456 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 7 Block C Bridger at Central Addition
- Tax Annual Amount
- 2
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- 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: Jun 12 Updated: Jul 19 at 5:03 am Checked: Jul 20 at 5:06 pm
MLS# 674451
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.
A new duplex in the Crescent Creek community, featuring a ranch-style plan with 3 bedrooms and 2 baths per unit. Each unit includes a 2-car garage, vaulted ceilings with a custom beam in the living room, and LVT flooring throughout. The kitchen is equipped with white quartz counters, stainless steel appliances including a dishwasher, microwave, stove, and refrigerator, plus a pantry and a large eating bar. The primary suite offers a walk-in closet and a double-vanity bath with quartz counters. Outside, each unit has a fully fenced and landscaped yard and a covered back patio.
The HOA manages mowing, trash, irrigation, and community amenities for $125 per month. The community also references access to a future clubhouse with a basement, pool, stocked lake, and walking paths.
Lot size is currently based on 2 units, with the lot and taxes split accordingly at closing. General and special taxes have not been fully assessed yet, and specials for a half duplex are estimated at $156 per month. Information is deemed reliable but not guaranteed.
The HOA manages mowing, trash, irrigation, and community amenities for $125 per month. The community also references access to a future clubhouse with a basement, pool, stocked lake, and walking paths.
Lot size is currently based on 2 units, with the lot and taxes split accordingly at closing. General and special taxes have not been fully assessed yet, and specials for a half duplex are estimated at $156 per month. Information is deemed reliable but not guaranteed.
Key Highlights
- New construction 2026 ranch duplex in the “Crescent Creek” community
- Each unit is a 3‑bedroom, 2‑bath layout with a 2‑car garage and 1,456 sq. ft.
- LVT flooring throughout with vaulted ceilings and ceiling fans; window coverings included
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 | $18.3k | $12.60 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $17.2k | $11.78 |
| − OpEx | −$5.1k | −$3.53 |
| NOI | $12.0k | $8.25 |
1,456 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.1K – $200.1K
NOI $12,007 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$159.6K
$139.6K – $186.2K
NOI $11,170 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$360.5K
$315.5K – $420.6K
NOI $25,236 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Each side offers a 3-bedroom, 2-bath ranch layout with a 2-car garage, fenced yard, and back covered patio.
Where is this duplex located?
The property is located at 809 N Rainbow Lake St Wichita, KS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: New construction 2026 ranch duplex in the “Crescent Creek” community; Each unit is a 3‑bedroom, 2‑bath layout with a 2‑car garage and 1,456 sq. ft.; LVT flooring throughout with vaulted ceilings and ceiling fans; window coverings included
