Updated Half-Duplex
For Sale
Under Contract
$330,000
10740 W 115th Street, Overland Park, KS 66210
Residential, Traditional, Overland Park, KS
Property Size1,528 SF
Lot Size0.11 Acres
Price / SF$215.97
Days on Market47
Property Features for 10740 W 115th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Laundry Room, Bathroom 1, Laundry Room, Bathroom 2, Basement, Bedroom 2, Bedroom 1, Dining Room
Parking features
Garage
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Stained Cabinets, Vaulted Ceiling(s), Walk-In Closet(s)
Fencing
Privacy
Fireplace
1
Basement
Unfinished
Appliances
Dishwasher, Disposal, Microwave, Electric Range
Subdivision
College Park Estates
Elementary school
Indian Valley
Middle school
Oxford
High school
Blue Valley NW
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
From College: South on Nieman, left on 115th St, left again on 115th at the first turn. Duplex is first on the left. 10740 W 115th St
Standard status
Active Under Contract
APN
NP10300001-0009
Size
1,528 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
COLLEGE PARK ESTATES BG SE CR LT 9 BLK 1 NW 132.17' TO SW CRNE ALG WLY/L 31.20' SE 125.59'TO A PT ON ELY/L SW 45.36' TO POB OPC 44 2 1 9
Tax Annual Amount
3659
Legal Description
COLLEGE PARK ESTATES BG SE CR LT 9 BLK 1 NW 132.17' TO SW CRNE ALG WLY/L 31.20' SE 125.59'TO A PT ON ELY/L SW 45.36' TO POB OPC 44 2 1 9
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
fireplace
deck
loft
basement
Building Details
Year built
1983
Flooring type
Vinyl, Carpet, Tile
Building materials
Brick/Mortar
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Cheryl Scheele
(913) 909-7361
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# 2634021
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 1,528-square-foot half-duplex residence, built in 1983, combines an open main level with two bedrooms and three bathrooms. The living room includes vaulted ceilings, a brick fireplace, ceiling fan, and vinyl plank flooring that continues into the dining area. The remodeled eat-in kitchen features stained wood cabinetry, granite countertops, mosaic tile backsplash, stainless appliances, and tile flooring. A half bath and laundry closet are located near the garage.
Upstairs, the primary suite offers a walk-in closet and updated bath with dual vanity and granite surfaces. A second bedroom, full bathroom, and loft overlooking the living room complete the upper level. The clean, unfinished basement provides storage space, while a sliding door opens to a deck and privacy-fenced backyard. The property includes a one-car garage, public water and sewer, forced-air heating, electric cooling, and a composition roof. It sits on a 0.11-acre lot in Overland Park near parks, shopping, and highways, within the Blue Valley School District.
Upstairs, the primary suite offers a walk-in closet and updated bath with dual vanity and granite surfaces. A second bedroom, full bathroom, and loft overlooking the living room complete the upper level. The clean, unfinished basement provides storage space, while a sliding door opens to a deck and privacy-fenced backyard. The property includes a one-car garage, public water and sewer, forced-air heating, electric cooling, and a composition roof. It sits on a 0.11-acre lot in Overland Park near parks, shopping, and highways, within the Blue Valley School District.
Key Highlights
- 1,528 SF half‑duplex residence on a 0.11‑acre lot
- Two bedrooms, three bathrooms, and an upstairs loft
- Updated kitchen with granite counters, stained cabinetry, stainless appliances, and tile flooring
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
$17,463
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
5.29%
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%
$349,260
$349.3K
Cap Rate 7%
$249,471
$249.5K
Cap Rate 9%
$194,033
$194.0K
Market Conditions
NOI Build-Up for 1,528 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
$26.6K $17.40/SF
− Vacancy
−$1.6K −$1.07/SF
EGI
$24.9K $16.33/SF
− OpEx
−$7.5K −$4.90/SF
NOI
$17.5K $11.43/SF
Area
Overland Park, KS
Vacancy
6.17%
Lease Rate
$17.40 /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%
$349,260
Cap Rate 7%
$249,471
Cap Rate 9%
$194,033
Alternative Uses
Best Use
Multifamily LT 5
$249.5K
$218.3K – $291.1K
NOI $17,463 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$229.0K
$200.4K – $267.2K
NOI $16,030 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$393.7K
$344.5K – $459.3K
NOI $27,559 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 66210, KS
19,057
Population
9,700
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
3,124
Density / Sq Mi
$93,368
Median Household Income
$54,948
Median Earnings
$1,407
Median Rent
$345,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex residence with renovated interiors, a deck, private fenced yard, and attached garage.
Where is this duplex located?
The property is located at 10740 W 115th Street Overland Park, KS.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,528 SF half‑duplex residence on a 0.11‑acre lot; Two bedrooms, three bathrooms, and an upstairs loft; Updated kitchen with granite counters, stained cabinetry, stainless appliances, and tile flooring
