Updated Half-Duplex
New
For Sale
$340,000
10912 W 115th Terrace, Overland Park, KS 66210
Main-level hardwood floors, a fireplace, and a private deck complement refreshed finishes and updated mechanical systems.
Property Size1,380 SF
Price / SF$246.38
Days on Market5
Property Features for 10912 W 115th Terrace
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Indian Creek Estates
Highway Access
Yes
Additional Details
Multifamily Units
1
Building Details
Year Built
1984
Listing Agency:
Kw Diamond Partners
(913) 963-1267
Listed By:
Van Noy Real Estate
(913) 349-7580
Source:
Kchomelistings
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kw Diamond Partners
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Investment Insights
Based on property information with market context.
This 1,380-square-foot half duplex, built in 1984, offers three bedrooms and two and a half bathrooms. The main level has hardwood flooring, while the great room features vaulted ceilings, built-ins, a fireplace, and natural light. Granite counters and white cabinetry finish the kitchen. A private bath with a walk-in shower serves the primary bedroom, and the hall bath has also been updated. A new deck extends the living space outdoors. The roof and garage door opener were replaced in 2026; the furnace and air conditioning date to 2023, and the water heater to 2022. Appliances, including the refrigerator, washer, and dryer, are included.
The property is in the Blue Valley School District, with access to Highways 435 and 69. Restaurants, grocery stores, Johnson County Community College, and Indian Creek Trails are nearby. HOA services cover lawn mowing, snow removal, bush trimming, trash, recycling, and yard waste.
The property is in the Blue Valley School District, with access to Highways 435 and 69. Restaurants, grocery stores, Johnson County Community College, and Indian Creek Trails are nearby. HOA services cover lawn mowing, snow removal, bush trimming, trash, recycling, and yard waste.
Key Highlights
- 3 bedrooms and 2.5 bathrooms in 1,380 square feet
- Built in 1984; roof and garage door opener replaced in 2026
- Furnace and A/C installed in 2023; water heater replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,477
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,540
$289.5K
Cap Rate 7%
$206,814
$206.8K
Cap Rate 9%
$160,856
$160.9K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$28.2K $20.40/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$26.3K $19.07/SF
− OpEx
−$11.8K −$8.58/SF
NOI
$14.5K $10.49/SF
Area
Overland Park, KS
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,540
Cap Rate 7%
$206,814
Cap Rate 9%
$160,856
Alternative Uses
Best Use
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,477 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.6K
$311.1K – $414.8K
NOI $24,890 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Main-level hardwood floors, a fireplace, and a private deck complement refreshed finishes and updated mechanical systems.
Where is this multifamily property located?
The property is located at 10912 W 115th Terrace Overland Park, KS.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 3 bedrooms and 2.5 bathrooms in 1,380 square feet; Built in 1984; roof and garage door opener replaced in 2026; Furnace and A/C installed in 2023; water heater replaced in 2022
