Half-Duplex Income
New
For Sale
$349,950
7531 McCoy Street, Shawnee, KS 66227
Residential, Traditional, Shawnee, KS
Property Size1,714 SF
Lot Size0.10 Acres
Price / SF$204.17
Days on Market7
Property Features for 7531 McCoy Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Game Room, Bathroom 1, Basement, Dining Room, Bedroom 2, Bathroom 2, Bedroom 3, Laundry Room, Bonus Room
Parking features
Garage, Open, Driveway
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Stained Cabinets, Vaulted Ceiling(s), Walk-In Closet(s)
Basement
Finished, Concrete, Full
Appliances
Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Electric Range, Stainless Steel Appliance(s)
Lot features
City Lot, Level
Elementary school
Horizon
Middle school
Mill Creek
High school
Mill Valley
Elementary school district
De Soto
Middle school district
De Soto
High school district
De Soto
Directions
Off K-7 and 75th Street. 75th Street to McCoy
Subdivision
325 - N=75th;S=1-435;E=1-35;W=Moonlight Rd
Standard status
Active
APN
QP75800000-0018
Size
1,714 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SUTTLE DOWNS SECOND PLAT LT 18 EX BG 34.24' NW SW CR NW 52.70' NLY CUR RT 33.09' E 136.90' S 46.02' SW 20.72' & 109.37' TO POB
Tax Annual Amount
3850
HOA Fee
$150 Annually
Legal Description
SUTTLE DOWNS SECOND PLAT LT 18 EX BG 34.24' NW SW CR NW 52.70' NLY CUR RT 33.09' E 136.90' S 46.02' SW 20.72' & 109.37' TO POB
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric
Water source
Public
Amenities
hardwood floors
granite countertops
stainless-steel appliances
fenced backyard
fire pit
finished basement
Building Details
Year built
2019
Flooring type
Ceramic floor, Carpet, Wood
Building materials
Stone Trim, Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Aravind Pentapati
(847) 970-1743
Added: Sep 6
Changed: Sep 12
Last Checked: Sep 12 at 9:06PM
MLS# 2640816
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 2019-built half duplex offers 1,714 square feet with three bedrooms and 2.5 bathrooms. The main level combines hardwood flooring with an open kitchen featuring granite countertops, stainless-steel appliances, and ample cabinet and work surface space. A finished basement adds flexible room for recreation, an office, exercise, media, or storage use. The home also includes vaulted ceilings, walk-in closets, a patio, and a two-car garage.
The 0.0969-acre parcel has a fully fenced backyard with a fire pit, while public water and public sewer serve the property. Natural gas forced-air heating, electric cooling, wood siding, stone trim, and a composition roof complete the physical profile. The property is located in Shawnee within the De Soto School District, with access to shopping, restaurants, parks, schools, the Johnson County Library, Walmart, and major roadways in the Kansas City area.
The 0.0969-acre parcel has a fully fenced backyard with a fire pit, while public water and public sewer serve the property. Natural gas forced-air heating, electric cooling, wood siding, stone trim, and a composition roof complete the physical profile. The property is located in Shawnee within the De Soto School District, with access to shopping, restaurants, parks, schools, the Johnson County Library, Walmart, and major roadways in the Kansas City area.
Key Highlights
- 2019‑built half duplex with 1,714 square feet
- Three bedrooms and 2.5 bathrooms
- Finished basement with flexible recreation and office space
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
$17,230
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
4.92%
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%
$344,600
$344.6K
Cap Rate 7%
$246,143
$246.1K
Cap Rate 9%
$191,444
$191.4K
Market Conditions
NOI Build-Up for 1,714 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
$32.5K $18.96/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$31.3K $18.28/SF
− OpEx
−$14.1K −$8.22/SF
NOI
$17.2K $10.05/SF
Area
Johnson County, KS
Vacancy
3.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$344,600
Cap Rate 7%
$246,143
Cap Rate 9%
$191,444
Alternative Uses
Best Use
Apartment 5plus
$246.1K
$215.4K – $287.2K
NOI $17,230 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 8.30%
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
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 66227, KS
8,476
Population
3,431
Households
2.5
Avg Household Size
41
Median Age
68%
College-Educated
100%
High-School Grad
13.3 sq mi
ZIP Area
637
Density / Sq Mi
$132,532
Median Household Income
$71,027
Median Earnings
$1,989
Median Rent
$423,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained half duplex with updated finishes, finished basement, fenced yard, and attached garage.
Where is this residential income property located?
The property is located at 7531 McCoy Street Shawnee, KS.
What is the asking price?
The asking price for this property is $349,950.
What are key features of this property?
This property features: 2019‑built half duplex with 1,714 square feet; Three bedrooms and 2.5 bathrooms; Finished basement with flexible recreation and office space
