Ranch Duplex with Finished
New
For Sale
$245,000
623 W Autumn Ridge Ct., Andover, KS 67002
Residential, Andover, KS
Property Size2,334 SF
Lot Size0.12 Acres
Price / SF$104.97
Days on Market2
Property Features for 623 W Autumn Ridge Ct.
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Laundry Room, Bedroom 4, Family Room, Bedroom 3, Game Room, Dining Room, Bathroom 1, Bathroom 2
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s)
Exterior features
Guttering - ALL, Sprinkler System, Vinyl/Aluminum
Fireplace
1
Basement
Finished
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
AUTUMN RIDGE
Lot features
Cul-De-Sac
Elementary school
Cottonwood
Middle school
Andover
High school
Andover
Elementary school district
Andover School District (USD 385)
Middle school district
Andover School District (USD 385)
High school district
Andover School District (USD 385)
Directions
East on Central past 159th St. Right on Autumn Ridge to home.
Standard status
Active
APN
304-19-0-10-02-035-00-0
Size
2,334 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AUTUMN RIDGE SUBD, S19, T27, R03E, LT 6 EXC W19.67 & EXC E41.5 BLK 1
Tax Annual Amount
3871
HOA Fee
$720 Annually
Legal Description
AUTUMN RIDGE SUBD, S19, T27, R03E, LT 6 EXC W19.67 & EXC E41.5 BLK 1
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Amenities
gas fireplace
covered patio
walk-in pantry
center island
wood flooring
vaulted ceilings
new AC
Building Details
Year built
2007
Floors in Building
1
Flooring type
Hardwood
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Coldwell Banker Plaza Real Estate · Coldwell Banker Real Estate
(316) 686-7121
Listed By:
Amelia Sumerell · License #00032165
(316) 393-6161
Added: Sep 2
Last Checked: Sep 3 at 12:06AM
MLS# 678532
Copyright © 2026 South Central Kansas MLS. 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-style duplex offers 2,334 square feet of finished living area with a practical arrangement of living, dining, kitchen, bedroom, bath, and utility spaces. The main level includes a vaulted living room with a corner gas fireplace, a kitchen with wood flooring, an island, extensive cabinetry, and a walk-in pantry, plus an adjoining dining area with patio access. A primary suite, additional bedroom, full bath, and laundry room complete the main floor.
The finished basement adds a recreation room, two bedrooms, a full bath, and storage. Interior features include ceiling fans, walk-in closets, hardwood flooring, and neutral finishes. Exterior improvements include a covered patio, guttering, sprinkler system, vinyl or aluminum siding, and a composition roof. Built in 2007, the property has natural gas forced-air heating, central electric cooling, and a new AC installed in 2025. It sits on a 0.12-acre lot in Andover, Kansas.
The finished basement adds a recreation room, two bedrooms, a full bath, and storage. Interior features include ceiling fans, walk-in closets, hardwood flooring, and neutral finishes. Exterior improvements include a covered patio, guttering, sprinkler system, vinyl or aluminum siding, and a composition roof. Built in 2007, the property has natural gas forced-air heating, central electric cooling, and a new AC installed in 2025. It sits on a 0.12-acre lot in Andover, Kansas.
Key Highlights
- 2,334 square feet on a 0.12‑acre lot
- Finished basement with recreation room, 2 bedrooms, full bath, and storage
- Main‑level primary suite with private bath and walk‑in closet
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
$19,515
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
7.97%
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%
$390,300
$390.3K
Cap Rate 7%
$278,786
$278.8K
Cap Rate 9%
$216,833
$216.8K
Market Conditions
NOI Build-Up for 2,334 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
$29.4K $12.60/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$27.9K $11.94/SF
− OpEx
−$8.4K −$3.58/SF
NOI
$19.5K $8.36/SF
Area
Butler County, KS
Vacancy
5.20%
Lease Rate
$12.60 /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%
$390,300
Cap Rate 7%
$278,786
Cap Rate 9%
$216,833
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$243.9K – $325.3K
NOI $19,515 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$257.1K
$225.0K – $300.0K
NOI $18,000 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$495.5K
$433.6K – $578.1K
NOI $34,685 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 67002, KS
16,518
Population
6,006
Households
2.8
Avg Household Size
35
Median Age
50%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
440
Density / Sq Mi
$105,625
Median Household Income
$53,432
Median Earnings
$1,492
Median Rent
$272,400
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 - Ranch-style property with vaulted living areas, a gas fireplace, and a covered patio.
Where is this duplex located?
The property is located at 623 W Autumn Ridge Ct. Andover, KS.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,334 square feet on a 0.12‑acre lot; Finished basement with recreation room, 2 bedrooms, full bath, and storage; Main‑level primary suite with private bath and walk‑in closet
