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Move-In-Ready Half-Duplex Ranch

1114 N Fontenelle Dr Derby, KS 67037

1114 N Fontenelle Dr, Derby, KS, 67037
$275,000
Pending
For Sale
$275,000
Pending

SINGLE_FAMILY - Ranch - Derby, KS

Property Size2,166 SF
Lot Size0.14 Acres
Days on Market45

Property Features for 1114 N Fontenelle Dr

General Information

Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 1, Kitchen, Family Room, Bathroom 3, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 3, Bedroom 2
Security features
Security System
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Wet Bar, Window Coverings-All, Smoke Detector(s)
Exterior features
Sprinkler System, Frame w/Less than 50% Mas
Fireplace
1
Basement
Finished
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range, Washer, Dryer, Smoke Detector
Standard status
Pending
APN
087-233-05-0-24-05-006.00
Size
2,166 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
BEG NW COR LOT 6 TH E 130 FT S 46.35 FT W 130 FT N 45.93 FT TO BEG BLOCK 4 GLEN HILLS ADDITION
Tax Annual Amount
3847

Utilities

Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas, Fireplace(s)
Cooling system
Electric, Central Air

Building Details

Year built
2001
Floors in Building
1
Flooring type
Laminate, Smoke detector(s)
Roof type
Composition
Architectural style
Ranch
Listing Agency Coldwell Banker Plaza Real Estate
4115 N. Ridge Rd. Ste. 201, Wichita, KS
Listed by Darren Copp · License #00236658
Added: Jun 5 Checked: Jul 19 at 11:06 am
MLS# 674119 Listing URL

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.


Investment Insights

Based on property information with market context.

Move-in-ready half-duplex ranch home offering an open, comfortable layout with a fresh, neutral interior updated about three years ago. Vaulted 10-foot ceilings enhance the kitchen, primary suite, and second upstairs bedroom. The kitchen includes ample cabinet storage, a dedicated pantry, and all appliances stay. Main-level living is supported by a laundry room with washer and dryer included, plus a split-bedroom design with two bedrooms and two full baths. The living room features a cozy gas-start fireplace and opens to a deck and a private, east-facing fenced backyard.

Downstairs, the finished basement is bright with east-facing view-out windows and includes a family room with a wet bar and refrigerator, a third bedroom, and a third full bathroom. A versatile flex room can serve a variety of needs. An additional unfinished storage area and a 2-car garage complete the home.

Located in Derby, KS, the property is described as just minutes from Derby High School, Rock River Rapids, and local shopping.

Key Highlights

  • Half‑duplex home built in 2001 with a ranch style and composition roof
  • 10‑ft vaulted ceilings in the kitchen, master suite, and second upstairs bedroom
  • Split‑bedroom main‑level layout with 2 bedrooms and 2 full baths, plus a main‑level laundry room

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $27.3k $12.60
− Vacancy −$1.4k −$0.66
EGI $25.9k $11.94
− OpEx −$7.8k −$3.58
NOI $18.1k $8.36
2,166 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$258.7K
$226.4K – $301.9K (±1% cap)
NOI $18,111 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$238.6K
$208.8K – $278.4K (±1% cap)
NOI $16,704 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$451.5K
$395.0K – $526.7K (±1% cap)
NOI $31,602 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Auto Parts Store HVAC Service Grocery & Convenience Store Barber Shop Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Building Supply (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Move-in-ready half-duplex ranch with vaulted ceilings, a fenced east-facing backyard, finished basement, and 2-car garage.
Where is this duplex located?
The property is located at 1114 N Fontenelle Dr Derby, KS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Half‑duplex home built in 2001 with a ranch style and composition roof; 10‑ft vaulted ceilings in the kitchen, master suite, and second upstairs bedroom; Split‑bedroom main‑level layout with 2 bedrooms and 2 full baths, plus a main‑level laundry room
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