Ranch Half Duplex with Finished Lower
For Sale
Under Contract
$365,000
12107 Slater Street, Overland Park, KS 66213
Residential, Overland Park, KS
Property Size2,033 SF
Lot Size0.12 Acres
Price / SF$179.54
Days on Market20
Property Features for 12107 Slater Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Basement, Bedroom 2
Fireplace
1
Basement
Finished, Full
Subdivision
Stone Haven
Lot features
Many Trees
Elementary school
Indian Valley
Middle school
Oxford
High school
Blue Valley NW
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
From Antioch Road to 121st Street, take a Right onto Slater Street. House is on the Right.
Standard status
Active Under Contract
APN
NP81700004-0007A
Size
2,033 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
STONE HAVEN N 41.33' LT 7 BLK 4 OPC 141E 4 7A
Tax Annual Amount
3581
HOA Fee
$170 Monthly
Legal Description
STONE HAVEN N 41.33' LT 7 BLK 4 OPC 141E 4 7A
Utilities
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1988
Flooring type
Wood, Carpet
Building materials
Stucco
Roof type
Composition
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Kristin Deer
(913) 707-6347
Added: Sep 3
Changed: Sep 21
Last Checked: Sep 22 at 4:06AM
MLS# 2640719
Copyright © 2026 Heartland Multiple Listing Service. 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 half duplex provides 2 bedrooms and 3 full bathrooms within 2,033 square feet. The bedroom arrangement places the rooms on opposite sides of the main level, while the kitchen includes extensive counter space and cabinet storage. An open connection between the living room and dining area creates a practical central gathering space. Wood and carpet flooring, natural gas heat, electric cooling, a fireplace, and a composition roof are among the existing features.
The finished lower level adds nearly 600 square feet with a full bathroom, cedar closet, substantial storage, and a work bench. Laundry is located in the second bathroom, supporting single-level daily living. Updates include fresh paint in the primary bedroom, primary bathroom, and second bathroom, along with a new dining-room light fixture. Built in 1988, the home is situated in a maintenance-provided subdivision in Overland Park.
The finished lower level adds nearly 600 square feet with a full bathroom, cedar closet, substantial storage, and a work bench. Laundry is located in the second bathroom, supporting single-level daily living. Updates include fresh paint in the primary bedroom, primary bathroom, and second bathroom, along with a new dining-room light fixture. Built in 1988, the home is situated in a maintenance-provided subdivision in Overland Park.
Key Highlights
- 2,033‑square‑foot ranch half duplex with 2 bedrooms and 3 full bathrooms
- Finished lower level adds nearly 600 square feet
- Lower level includes a full bathroom, cedar closet, storage area, and work bench
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
$23,234
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
6.37%
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%
$464,680
$464.7K
Cap Rate 7%
$331,914
$331.9K
Cap Rate 9%
$258,156
$258.2K
Market Conditions
NOI Build-Up for 2,033 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
$35.4K $17.40/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$33.2K $16.33/SF
− OpEx
−$10.0K −$4.90/SF
NOI
$23.2K $11.43/SF
Area
Overland Park, KS
Vacancy
6.17%
Lease Rate
$17.40 /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%
$464,680
Cap Rate 7%
$331,914
Cap Rate 9%
$258,156
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,234 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,328 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$523.8K
$458.3K – $611.1K
NOI $36,667 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 66213, KS
30,987
Population
13,678
Households
2.3
Avg Household Size
39
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,973
Density / Sq Mi
$114,926
Median Household Income
$61,513
Median Earnings
$1,554
Median Rent
$445,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence offers an open living and dining area, generous kitchen storage, and maintenance-provided subdivision services.
Where is this duplex located?
The property is located at 12107 Slater Street Overland Park, KS.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,033‑square‑foot ranch half duplex with 2 bedrooms and 3 full bathrooms; Finished lower level adds nearly 600 square feet; Lower level includes a full bathroom, cedar closet, storage area, and work bench
