Four-Bedroom Residential Income
For Sale
$224,000
105 N Osage Rd, Derby, KS 67037
Residential, Derby, KS
Property Size2,056 SF
Lot Size0.30 Acres
Price / SF$108.95
Days on Market51
Property Features for 105 N Osage Rd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Family Room
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Exterior features
Guttering - ALL
Fencing
Chain Link
Basement
Finished
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
OAK FOREST
Lot features
Pond/ Lake, Standard, Waterfront
Elementary school
Tanglewood
Middle school
Derby
High school
Derby
Elementary school district
Derby School District (USD 260)
Middle school district
Derby School District (USD 260)
High school district
Derby School District (USD 260)
Directions
From Madison Ave & Rock Rd: Head W on Madison Ave. Turn S onto Osage Rd, to the home.
Standard status
Active
APN
20173-00303331
Size
2,056 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Long legal; see private remarks
Tax Annual Amount
2880
Legal Description
Long legal; see private remarks
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Water front
1
Building Details
Year built
1992
Floors in Building
2
Flooring type
Laminate
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Rebecca Berger
(316) 734-2491
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 24 at 6:06PM
MLS# 678667
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.
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Investment Insights
Based on property information with market context.
This 1992 bi-level twin home offers four bedrooms and two bathrooms across 2,056 square feet. The main level features hardwood floors, living and dining areas, and a renovated kitchen with granite counters, white cabinetry, subway tile backsplash, and stainless steel appliances. Sliding doors connect the kitchen to a deck overlooking the fenced yard and a privately owned pond beyond. A view-out basement adds a family room and additional bedrooms, while an attached two-car garage provides covered parking. The water heater is approximately one year old, and the driveway has been foam-jacked to address settling.
The property occupies a 0.3-acre lot in Derby, Kansas. Other features include central air, forced-air natural gas heat, and chain-link fencing.
The property occupies a 0.3-acre lot in Derby, Kansas. Other features include central air, forced-air natural gas heat, and chain-link fencing.
Key Highlights
- Four bedrooms and two bathrooms in 2,056 square feet
- Bi‑level layout with a view‑out basement and family room
- Updated kitchen with granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,856
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,120
$317.1K
Cap Rate 7%
$226,514
$226.5K
Cap Rate 9%
$176,178
$176.2K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$30.3K $14.76/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$28.8K $14.02/SF
− OpEx
−$13.0K −$6.31/SF
NOI
$15.9K $7.71/SF
Area
Sedgwick County, KS
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,120
Cap Rate 7%
$226,514
Cap Rate 9%
$176,178
Alternative Uses
Best Use
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,856 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.5K
$375.0K – $500.0K
NOI $29,997 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 67037, KS
30,005
Population
12,680
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
96%
High-School Grad
53.6 sq mi
ZIP Area
560
Density / Sq Mi
$84,666
Median Household Income
$46,305
Median Earnings
$1,085
Median Rent
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Bi-level twin home with an updated kitchen, multiple living areas, and a deck facing pond views.
Where is this residential income property located?
The property is located at 105 N Osage Rd Derby, KS.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Four bedrooms and two bathrooms in 2,056 square feet; Bi‑level layout with a view‑out basement and family room; Updated kitchen with granite counters and stainless steel appliances
