515 S Cardinal Drive Olathe, KS 66062
DUPLEX - Other - Olathe, KS
Property Features for 515 S Cardinal Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 1
- Parking features
- Garage, Open
- Fencing
- Privacy
- Basement
- Concrete, Full
- Standard status
- Active
- APN
- DP30000014-0013A
- Size
- 1,109 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- HAVENCROFT S 1/2 LT 13 BLK 14 OLC 634 14 13A
- Tax Annual Amount
- 2250
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Gas (Cooling), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Flooring type
- Carpet, Ceramic floor
- Building materials
- Board & Batten Siding, Wood Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Amy Bible License #SP00231630 (913) 548-6821
Listing office Platinum Realty LLC 9393 West 110th St Suite 170, Overland Park, KS (888) 220-0988
Listing date May 22, 2026
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.
Set on a small lot, the property includes a quiet backyard area and a covered patio for outdoor use. The rear yard has been landscaped, with sod noted as potentially negotiable. The listing also requests that visitors cover or remove shoes to help protect brand-new carpets.
For buyers seeking a manageable duplex-style residence, the updated finishes and covered outdoor space provide practical, turnkey value. Recent upgrades to interior surfaces and bathroom tile reduce immediate maintenance concerns, while the maintained exterior and backyard improvements support comfortable day-to-day occupancy. The seller indicates a warranty from AB May.
Key Highlights
- Built in 1969 with board & batten siding and wood siding, plus a composition roof
- Newer updates noted: new paint, new carpet, and tile in the bathroom
- Heating: natural gas; cooling includes central air plus electric and gas (cooling) options
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $18.00 |
| − Vacancy | −$1.3k | −$1.17 |
| EGI | $18.7k | $16.83 |
| − OpEx | −$8.4k | −$7.57 |
| NOI | $10.3k | $9.26 |
