New Duplex with Attached
For Sale
$509,800
818 N Wheatland St Suite 100, Wichita, KS 67235
Two updated residences offer private fenced yards, contemporary finishes, and access to planned community amenities.
Property Size2,912 SF
Price / SF$175.07
Days on Market49
Property Features for 818 N Wheatland St Suite 100
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
HOA Fee
$125
Amenities
fenced yard
patio
Building Details
Year Built
2026
Listing Agency:
RE/MAX Premier
Listed By:
Karen Hampton · License #00052101
(316) 641-9442
Source:
Highpointks
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 5:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Premier
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Investment Insights
Based on property information with market context.
This duplex property contains two residences with a combined 2,912 square feet, built in 2026. Each unit offers three bedrooms, two bathrooms, a two-car garage, vaulted living room ceilings, LVT flooring, and a kitchen equipped with quartz countertops, stainless steel appliances, a pantry, and a large eating bar. Walk-in closets, double-vanity primary bathrooms, patios, and landscaped, fully fenced yards add practical functionality. Brick and Smart lap siding complete the exterior design.
The property is located at 818 N Wheatland St Suite 100 in Wichita, within the Crescent Creek community and just east of 135th Street off Central. Planned community features include a clubhouse with basement, pool, stocked lake, and walking paths. HOA services include mowing, trash, irrigation, and community amenities.
The property is located at 818 N Wheatland St Suite 100 in Wichita, within the Crescent Creek community and just east of 135th Street off Central. Planned community features include a clubhouse with basement, pool, stocked lake, and walking paths. HOA services include mowing, trash, irrigation, and community amenities.
Key Highlights
- Two‑unit duplex totaling 2,912 square feet
- Built in 2026 with three bedrooms and two bathrooms per unit
- Each residence includes a two‑car garage and a fully fenced, landscaped yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,014
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,280
$480.3K
Cap Rate 7%
$343,057
$343.1K
Cap Rate 9%
$266,822
$266.8K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$36.7K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.3K $11.78/SF
− OpEx
−$10.3K −$3.53/SF
NOI
$24.0K $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 Rate 5%
$480,280
Cap Rate 7%
$343,057
Cap Rate 9%
$266,822
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.2K – $400.2K
NOI $24,014 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$319.1K
$279.2K – $372.3K
NOI $22,339 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$721.0K
$630.9K – $841.2K
NOI $50,471 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer private fenced yards, contemporary finishes, and access to planned community amenities.
Where is this duplex located?
The property is located at 818 N Wheatland St Suite 100 Wichita, KS.
What is the asking price?
The asking price for this property is $509,800.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,912 square feet; Built in 2026 with three bedrooms and two bathrooms per unit; Each residence includes a two‑car garage and a fully fenced, landscaped yard
