Updated Duplex
New
For Sale
$310,000
11740 Oakmont Street, Overland Park, KS 66210
Residential, Traditional, Overland Park, KS
Property Size1,370 SF
Lot Size0.21 Acres
Price / SF$226.28
Days on Market3
Property Features for 11740 Oakmont Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Dining Room, Bedroom 2, Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bathroom 2
Parking features
Open, Garage
Security features
Security System
Window features
Skylight(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Painted Cabinets, Walk-In Closet(s)
Fireplace
1
Basement
Full, Sump Pump
Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Electric Range, Stainless Steel Appliance(s), Washer
Subdivision
Kimberly Downs
Lot features
City Limits, Corner Lot, Many Trees
Elementary school
Walnut Grove
Middle school
Pioneer Trail
High school
Olathe East
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
119th & Quivira, West on 119th to Oakmont, N to last house on the left.
Standard status
Active
APN
NP35800000-0114A
Size
1,370 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
KIMBERLY DOWNS 3RD PLAT PT LT 114 LYING N OF A LINE 44.6' N SE CR 53.72' NE SW CR OPC 68 1B 114A
Tax Annual Amount
3079
Legal Description
KIMBERLY DOWNS 3RD PLAT PT LT 114 LYING N OF A LINE 44.6' N SE CR 53.72' NE SW CR OPC 68 1B 114A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
fireplace
fenced yard
storage shed
Building Details
Year built
1983
Flooring type
Carpet, Vinyl
Building materials
Brick/Mortar
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Hendrix Group
(913) 558-4362
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 6:06AM
MLS# 2640865
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 1,370-square-foot duplex property sits on a 0.208-acre corner lot and was built in 1983. Improvements include a newer roof, remodeled kitchen, updated bathrooms, brick/mortar construction, composition roofing, forced-air heating, electric cooling, and public water and sewer. Interior features include a fireplace, eat-in kitchen, walk-in closet, ceiling fans, painted cabinets, carpet, and vinyl flooring. The property also includes a patio, fenced yard, storage shed, open parking, and garage parking.
The property is located in Overland Park near Stoll Park, major highways, shopping, and restaurants. The recorded address is 11740 Oakmont Street, Overland Park, KS 66210. Appliances include a dishwasher, disposal, dryer, exhaust fan, microwave, refrigerator, electric range, stainless steel appliances, and washer.
The property is located in Overland Park near Stoll Park, major highways, shopping, and restaurants. The recorded address is 11740 Oakmont Street, Overland Park, KS 66210. Appliances include a dishwasher, disposal, dryer, exhaust fan, microwave, refrigerator, electric range, stainless steel appliances, and washer.
Key Highlights
- 1,370 SF duplex property on a 0.208‑acre corner lot
- Newer roof and remodeled kitchen
- Updated bathrooms, fireplace, walk‑in closet, and eat‑in kitchen
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
$15,657
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
5.05%
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%
$313,140
$313.1K
Cap Rate 7%
$223,671
$223.7K
Cap Rate 9%
$173,967
$174.0K
Market Conditions
NOI Build-Up for 1,370 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
$23.8K $17.40/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$22.4K $16.33/SF
− OpEx
−$6.7K −$4.90/SF
NOI
$15.7K $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%
$313,140
Cap Rate 7%
$223,671
Cap Rate 9%
$173,967
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,657 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$205.3K
$179.7K – $239.5K
NOI $14,372 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$353.0K
$308.9K – $411.8K
NOI $24,709 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
394
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
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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 - Updated interiors, a fenced yard, and attached parking support residential income use in Overland Park.
Where is this duplex located?
The property is located at 11740 Oakmont Street Overland Park, KS.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,370 SF duplex property on a 0.208‑acre corner lot; Newer roof and remodeled kitchen; Updated bathrooms, fireplace, walk‑in closet, and eat‑in kitchen
