Brick Duplex with Finished
For Sale
$310,000
9425/9427 E Longlake, Wichita, KS 67207
Each residence has three bedrooms, two bathrooms, a finished basement, and a private fenced yard.
Property Size3,296 SF
Price / SF$94.05
Days on Market24
Property Features for 9425/9427 E Longlake
General Information
Standard status
Active
Size
3,296 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,446
Amenities
private fenced yards
individual storage sheds
Building Details
Building Size
3,296 SF
Year Built
1982
Buildings
1
Units
2
Construction
all-brick
Listing Agency:
LPT Realty, LLC
(800) 268-8117
Listed By:
Carrie Licon
(316) 304-4152
Source:
Albright-realty
Added: Oct 10
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This Wichita duplex contains two residences with matching layouts: three bedrooms, two bathrooms, and a full finished basement in each. The property totals 3,296 square feet and was built in 1982. Brick construction, separate fenced yards, and individual storage sheds are among its physical features. Tenants are responsible for utilities. One residence is occupied under a month-to-month lease.
Located at 9425/9427 E Longlake in Wichita, Kansas, the property offers two distinct living spaces with private outdoor areas and separate storage. The available information identifies one current tenancy but does not establish the status of the other residence.
Located at 9425/9427 E Longlake in Wichita, Kansas, the property offers two distinct living spaces with private outdoor areas and separate storage. The available information identifies one current tenancy but does not establish the status of the other residence.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 3,296 square feet; built in 1982
- Full finished basement in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,006
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,120
$540.1K
Cap Rate 7%
$385,800
$385.8K
Cap Rate 9%
$300,067
$300.1K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$40.3K $12.24/SF
− Vacancy
−$1.8K −$0.53/SF
EGI
$38.6K $11.71/SF
− OpEx
−$11.6K −$3.51/SF
NOI
$27.0K $8.19/SF
Area
ZIP 67207
Vacancy
4.37%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,120
Cap Rate 7%
$385,800
Cap Rate 9%
$300,067
Alternative Uses
Best Use
Multifamily LT 5
$385.8K
$337.6K – $450.1K
NOI $27,006 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$343.9K
$300.9K – $401.2K
NOI $24,073 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$711.4K
$622.5K – $830.0K
NOI $49,798 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 67207, KS
28,143
Population
12,755
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
10.4 sq mi
ZIP Area
2,706
Density / Sq Mi
$66,400
Median Household Income
$39,070
Median Earnings
$961
Median Rent
$204,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, a finished basement, and a private fenced yard.
Where is this duplex located?
The property is located at 9425/9427 E Longlake Wichita, KS.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 3,296 square feet; built in 1982; Full finished basement in each residence
