Renovated Duplex with Finished
New
For Sale
$250,000
1926 E Cedar Street, Olathe, KS 66062
Residential, Traditional, Olathe, KS
Property Size1,022 SF
Lot Size0.14 Acres
Price / SF$244.62
Days on Market2
Property Features for 1926 E Cedar Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bedroom 2, Bedroom 1, Bathroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Painted Cabinets, Pantry
Basement
Finished
Appliances
Cooktop, Dishwasher, Microwave, Refrigerator
Subdivision
Havencroft
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
Get on I-435 W from Metcalf Ave. Continue on I-435 W. Drive from I-35 S to Olathe. Take exit 218 from I-35 S. Take N Clairborne Rd to E Cedar St
Standard status
Active
APN
DP30000018-0010A
Size
1,022 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
HAVENCROFT LT 10 BLK 18 EX E 30' & EX WLY TR 41.4' ON S & 40.2' ON N OLC 634 18 10A
Tax Annual Amount
2200
Legal Description
HAVENCROFT LT 10 BLK 18 EX E 30' & EX WLY TR 41.4' ON S & 40.2' ON N OLC 634 18 10A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1970
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 906-5400
Listed By:
Bryan Huff · License #SP00228927
(913) 907-0760
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:06PM
MLS# 2638021
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 duplex property offers 1,022 square feet with a two-bedroom, one-full-bath upper level and a finished basement that includes a substantial storage room. The interior renovation includes custom cabinetry, granite countertops, stainless steel appliances, fresh paint, refinished hardwood flooring, and updated windows. A newer composition roof and a remodeled bathroom add to the improvements. Heating and cooling are electric, and the home has wood siding.
A kitchen slider opens to a patio and a fully fenced 0.1383-acre backyard. Public water and public sewer serve the property. Built in 1970, the home also includes a pantry, ceiling fans, vinyl and carpet flooring, and appliances including a refrigerator, dishwasher, microwave, and cooktop. The property is in Olathe, near shopping and dining.
A kitchen slider opens to a patio and a fully fenced 0.1383-acre backyard. Public water and public sewer serve the property. Built in 1970, the home also includes a pantry, ceiling fans, vinyl and carpet flooring, and appliances including a refrigerator, dishwasher, microwave, and cooktop. The property is in Olathe, near shopping and dining.
Key Highlights
- Duplex property with 1,022 square feet
- Two bedrooms and one full bath upstairs
- Finished basement with large storage room
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
$10,874
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
4.35%
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%
$217,480
$217.5K
Cap Rate 7%
$155,343
$155.3K
Cap Rate 9%
$120,822
$120.8K
Market Conditions
NOI Build-Up for 1,022 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
$16.6K $16.20/SF
− Vacancy
−$1.0K −$1.00/SF
EGI
$15.5K $15.20/SF
− OpEx
−$4.7K −$4.56/SF
NOI
$10.9K $10.64/SF
Area
Olathe, KS
Vacancy
6.17%
Lease Rate
$16.20 /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%
$217,480
Cap Rate 7%
$155,343
Cap Rate 9%
$120,822
Alternative Uses
Best Use
Multifamily LT 5
$155.3K
$135.9K – $181.2K
NOI $10,874 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$135.1K
$118.3K – $157.7K
NOI $9,460 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$302.0K
$264.3K – $352.4K
NOI $21,143 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, a fenced backyard, and public water and sewer support everyday residential use.
Where is this duplex located?
The property is located at 1926 E Cedar Street Olathe, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex property with 1,022 square feet; Two bedrooms and one full bath upstairs; Finished basement with large storage room
