Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    506 Ottawa St Leavenworth, KS 66048

    Sponsored
    For Sale
    $200,000

    MULTI_FAMILY - Leavenworth, KS

    Lot size:
    0.13 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 29 at 9:06 pm

    Property Features for 506 Ottawa St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2a
    APN
    077-25-0-32-04-014.00-0
    Parking
    4
    Parking features
    Off Street
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Christopher Kelly

    EXP Realty, LLC (866) 224-1761

    Listing agent Christopher Kelly (913) 451-6767

    Listing date Jan 20, 2026

    MLS# 2594377 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Leavenworth Duplex with Updated Units

    This multifamily property, located in historic Leavenworth, Kansas, presents an opportunity for owner occupancy with rental income potential. The duplex features updated kitchens, new flooring, and fresh paint in both units. Each unit benefits from a fenced yard. Private parking is available at the rear of the building for both units, supplemented by street parking at the front. The lot size is 0.13 acres. The property is zoned R-2a.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WilliebobSluts Liquidator

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.916949
    Latitude
    39.323447

    Nearby Similar for Sale

    • $3,750,000
      Pending

      Leavenworth Multifamily Investment Opportunity

      Mix-use hotel and apartment building with redevelopment potential in historic Leavenworth.
      600 Shawnee St, Leavenworth, KS 66048
      View Details
    • $1,950,000
      0.06 Acres

      Leavenworth Multifamily Investment Opportunity

      18-unit multifamily property near Fort Leavenworth with value-add potential.
      720 Ottawa St, Leavenworth, KS 66048
      View Details
    • $2,000,000
      0.56 Acres

      Leavenworth Multifamily Investment Opportunity

      Four buildings with 29 units and 17 garage spaces.
      514 7Th St, Leavenworth, KS 66048
      View Details
    • $659,000
      0.19 Acres

      Leavenworth Multifamily Investment Opportunity

      Six updated units with garages and in-unit laundry.
      310-312 N 8Th St, Leavenworth, KS 66048
      View Details
    • $265,000
      Pending

      Leavenworth Duplex: Investor or Owner

      Well-maintained duplex with strong rental history and flexible occupancy options.
      725/27 Chestnut St, Leavenworth, KS 66068
      View Details
    • $250,000
      Pending

      Leavenworth Duplex with Income Potential

      Duplex in prime location, live in one unit and rent other.
      1101-1103 Shawnee St, Leavenworth, KS 66048
      View Details
    • $119,900
      0.13 Acres

      Leavenworth Duplex: Investment Opportunity

      Well-maintained, fully occupied duplex near downtown Leavenworth and Fort Leavenworth.
      512 Miami St, Leavenworth, KS 66048
      View Details
    • $325,000
      0.28 Acres

      Historic Leavenworth Building with Income

      Late 1800s building with retail and residential income potential.
      504 Delaware St, Leavenworth, KS 66048
      View Details
    • $2,245,632
      7,303 SF

      Leavenworth Net Leased Investment Property

      Two-tenant, corporate guaranteed investment property in Leavenworth, Kansas.
      1100 N 4Th St, Leavenworth, KS 66043
      View Details
    • $1,100,000

      Downtown Leavenworth Mixed-Use Building

      Commercial and residential building in a prime downtown location.
      100 S 5Th St, Leavenworth, KS 66048
      View Details
    • $224,900

      Leavenworth Commercial Property For Sale

      Commercial property with high visibility and accessibility in Leavenworth, Kansas.
      301 N 4Th St, Leavenworth, KS 66048
      View Details
    • $99,999
      1,677 SF

      Leavenworth Duplex: Investor Opportunity

      Full duplex in Leavenworth, Kansas, ready for renovation.
      21148 Smiley Ave, Leavenworth, KS 66048
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex in historic Leavenworth, great for owner occupancy.
    Where is this duplex located?
    The property is located at 506 Ottawa St Leavenworth, KS.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Opportunity to live in one unit and rent the other.; - **Updated kitchens in both units.**; - New flooring and paint in both units.
    (913) 451-6767
    Request Owner's contact information
    506 Ottawa St Leavenworth, KS 66048
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 Ottawa St
    Leavenworth, KS 66048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 Ottawa St Leavenworth, KS 66048
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Kelly
    (913) 451-6767
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.