Two-Story Duplex with Separate
New
For Sale
$185,000
912 A-B Ottawa Street, Leavenworth, KS 66048
Residential Income, Leavenworth, KS
Property Size1,734 SF
Lot Size0.21 Acres
Price / SF$106.69
Days on Market7
Property Features for 912 A-B Ottawa Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
res
Rooms
Basement
Parking features
On Street, Off Street
Patio and Porch features
Porch, Deck
Exterior features
Private Entrance
Appliances
Dryer, Microwave, Refrigerator, Electric Range, Washer
Elementary school district
Leavenworth
Middle school district
Leavenworth
High school district
Leavenworth
Directions
7 highway thru Lansing into Leavenworth. Turn west on Ottawa. Property on north side of road
Subdivision
427 - N=Lv Co Ln;S=Co Rd 8;E=Mo Rvr;W=Lv Co Ln
Standard status
Active
APN
077-26-0-42-09-011.01-0
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
COCHRAN & MULLIGAN'S SUB , BLOCK 14 , LTS 27-30 & E10' LT 36 ALL LTS 37&38
Tax Annual Amount
1541
Legal Description
COCHRAN & MULLIGAN'S SUB , BLOCK 14 , LTS 27-30 & E10' LT 36 ALL LTS 37&38
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
covered front porch
ceiling fans
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
ReeceNichols-KCN · HomeLife
(816) 468-8555
Listed By:
Andrew Hicklin · License #1734431
(816) 590-9066
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 11:06PM
MLS# 2642567
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 fully occupied duplex contains two separately addressed units at 912-A and 912-B Ottawa Street. The two-story property offers 1,734 square feet, three bedrooms, and two full bathrooms, with separate entrances, off-street parking, blue vinyl siding, and a covered front porch. Each unit includes a stove, refrigerator, microwave, washer, and dryer. Interior finishes include white shaker-style cabinetry, tile backsplash, vinyl flooring, neutral paint, ceiling fans, and finished living areas.
Built in 1915, the property has forced-air heating, electric cooling, public water, and public sewer. Furnaces and central air systems were replaced in 2010, while water heaters were replaced in 2020. Landlord-paid utilities include water, sewer, and trash. The property is located in Leavenworth, Kansas, and is zoned res.
Built in 1915, the property has forced-air heating, electric cooling, public water, and public sewer. Furnaces and central air systems were replaced in 2010, while water heaters were replaced in 2020. Landlord-paid utilities include water, sewer, and trash. The property is located in Leavenworth, Kansas, and is zoned res.
Key Highlights
- Two separately addressed units at 912‑A and 912‑B Ottawa Street
- 1,734‑square‑foot two‑story duplex with 3 bedrooms and 2 full bathrooms
- Fully occupied with separate entrances and off‑street parking
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
$16,051
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
8.68%
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%
$321,020
$321.0K
Cap Rate 7%
$229,300
$229.3K
Cap Rate 9%
$178,344
$178.3K
Market Conditions
NOI Build-Up for 1,734 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
$31.2K $18.00/SF
− Vacancy
−$2.0K −$1.17/SF
EGI
$29.2K $16.83/SF
− OpEx
−$13.1K −$7.57/SF
NOI
$16.1K $9.26/SF
Area
Leavenworth County, KS
Vacancy
6.50%
Lease Rate
$18.00 /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%
$321,020
Cap Rate 7%
$229,300
Cap Rate 9%
$178,344
Alternative Uses
Best Use
Multifamily LT 5
$263.6K
$230.6K – $307.5K
NOI $18,450 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,051 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office B
$341.1K
$298.5K – $398.0K
NOI $23,877 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 66048, KS
36,628
Population
15,237
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
92%
High-School Grad
135.5 sq mi
ZIP Area
270
Density / Sq Mi
$71,520
Median Household Income
$40,702
Median Earnings
$954
Median Rent
$203,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with updated interiors, private entrances, off-street parking, and landlord-paid water, sewer, and trash.
Where is this duplex located?
The property is located at 912 A-B Ottawa Street Leavenworth, KS.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two separately addressed units at 912‑A and 912‑B Ottawa Street; 1,734‑square‑foot two‑story duplex with 3 bedrooms and 2 full bathrooms; Fully occupied with separate entrances and off‑street parking
