Ranch Duplex with Covered
813 N Rainbow Lake St Wichita, KS 67235
813 N Rainbow Lake St, Wichita, KS, 67235
$229,900
For Sale
$229,900
SINGLE_FAMILY - Ranch - Wichita, KS
Property Size1,381 SF
Lot Size0.27 Acres
Price / SF$166.47
Days on Market141
Property Features for 813 N Rainbow Lake St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Kitchen, Laundry Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Window features
- Storm Window(s)
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Window Coverings-All
- Exterior features
- Guttering - ALL, Sprinkler System, Zero Step Entry, Frame w/Less than 50% Mas
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Range
- Standard status
- Active
- APN
- 30027994
- Size
- 1,381 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 8 BLOCK C BRIDGER AT CENTRAL ADDITION
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Flooring type
- Laminate
- 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: Mar 1 Updated: Jul 19 at 5:03 am Checked: Jul 20 at 5:06 pm
MLS# 668947
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.
This ranch-style duplex features a 1,381-square-foot layout with two bedrooms and two baths per unit. Interior highlights include vaulted ceilings in the living room and kitchen/dining area, nine-foot ceilings throughout, luxury vinyl plank flooring, an electric fireplace, a dry bar, and a drop zone. Each home also includes a 10x12 covered patio and a fully fenced, landscaped yard. The exterior combines full brick on the front with concrete Hardie siding.
Situated in Wichita, Kansas (Sedgwick County), the community offers access to a future clubhouse with a basement that will include a pool, along with a stocked lake and walking paths. HOA dues are $125 per month and cover mowing, trash service, irrigation, and community amenities. Taxes have not yet been fully assessed.
The seller notes that there are three available floor plans in Pine View Village.
Situated in Wichita, Kansas (Sedgwick County), the community offers access to a future clubhouse with a basement that will include a pool, along with a stocked lake and walking paths. HOA dues are $125 per month and cover mowing, trash service, irrigation, and community amenities. Taxes have not yet been fully assessed.
The seller notes that there are three available floor plans in Pine View Village.
Key Highlights
- New construction 2025 ranch duplex plan offers 1,381 sq ft with 2 bedrooms and 2 bathrooms per unit
- Vaulted ceilings in the living room and kitchen/dining area plus 9‑ft ceilings throughout
- Kitchen includes white quartz countertops, stainless steel dishwasher, microwave, range, and refrigerator with a large eating bar
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 | $17.4k | $12.60 |
| − Vacancy | −$1.1k | −$0.82 |
| EGI | $16.3k | $11.78 |
| − OpEx | −$4.9k | −$3.53 |
| NOI | $11.4k | $8.25 |
1,381 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$162.7K
$142.4K – $189.8K
NOI $11,389 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$151.3K
$132.4K – $176.6K
NOI $10,594 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,936 @ 7.0% cap · market cap 10.41%
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 duplex unit offers two bedrooms, two baths, vaulted ceilings, and a 10x12 covered patio.
Where is this duplex located?
The property is located at 813 N Rainbow Lake St Wichita, KS.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: New construction 2025 ranch duplex plan offers 1,381 sq ft with 2 bedrooms and 2 bathrooms per unit; Vaulted ceilings in the living room and kitchen/dining area plus 9‑ft ceilings throughout; Kitchen includes white quartz countertops, stainless steel dishwasher, microwave, range, and refrigerator with a large eating bar
