Duplex Residential Income
For Sale
$250,000
1337 E 123rd Street, Olathe, KS 66061
DUPLEX - Other - Olathe, KS
Property Size1,312 SF
Lot Size0.12 Acres
Price / SF$190.55
Days on Market10
Property Features for 1337 E 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Laundry Room, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Game Room, Bedroom 3
Parking features
Open, Garage
Patio and Porch features
Deck
Interior features
Vaulted Ceiling(s)
Fencing
Privacy
Fireplace
1
Basement
Daylight, Finished
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven
Subdivision
North Ridge
Lot features
City Lot, Corner Lot, Many Trees
Elementary school
Washington
Middle school
Santa Fe Trail
High school
Olathe North
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
From I-35 take 119th exit and head west. Take 119th St to Ridgeview and turn south (left). From Ridgeview go east on 123rd St. Home is on the right.
Standard status
Active
APN
DP50400003 0007
Size
1,312 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
North Ridge Sub First Plat LT 7 EX E 38.15' BLK 3 OLC 582 3 3 7
Tax Annual Amount
2777
Legal Description
North Ridge Sub First Plat LT 7 EX E 38.15' BLK 3 OLC 582 3 3 7
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1979
Flooring type
Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Compass Realty Group
(816) 280-2773
Listed By:
Lindsay Thomas
(913) 636-9299
Added: Jul 22
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# 2633239
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 duplex residential income property is available for sale in Olathe, Kansas. The offering includes 1,312 square feet of total building size and sits on a 0.1231-acre lot.
The property is located at 1337 E 123rd Street in Johnson County, KS 66061.
As a duplex, the layout is designed to support two separate residential units within the same building.
The property is located at 1337 E 123rd Street in Johnson County, KS 66061.
As a duplex, the layout is designed to support two separate residential units within the same building.
Key Highlights
- Year built: 1979
- Vaulted ceilings
- Fireplace included
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 | $21.3k | $16.20 |
| − Vacancy | −$1.3k | −$1.00 |
| EGI | $19.9k | $15.20 |
| − OpEx | −$6.0k | −$4.56 |
| NOI | $14.0k | $10.64 |
1,312 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.4K
$174.5K – $232.7K
NOI $13,960 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$173.5K
$151.8K – $202.4K
NOI $12,145 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$387.8K
$339.3K – $452.4K
NOI $27,143 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale in Olathe, Kansas, totaling 1,312 square feet on a 0.1231-acre lot.
Where is this duplex located?
The property is located at 1337 E 123rd Street Olathe, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Year built: 1979; Vaulted ceilings; Fireplace included
