Two-Story Duplex with Long-Term
New
For Sale
$280,000
1365-1367 Sherman Ave, Leavenworth, KS 66048
Two leased residences combine fireplaces, basement garages, and all-electric systems in a single duplex property.
Property Size1,614 SF
Price / SF$173.48
Days on Market3
Property Features for 1365-1367 Sherman Ave
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA (third bedroom non-conforming)
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
fireplace
kitchen appliances
washer and dryer
Building Details
Year Built
1990
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 710-5174
Listed By:
Amy Arndorfer
(816) 224-5650
Source:
Amysold
Added: Oct 22
Changed: Oct 23
Last Checked: Sep 21 at 4:09AM
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 Keller Williams Realty Partners Inc.
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Investment Insights
Based on property information with market context.
Built in 1990, this two-story duplex contains two units of approximately 1,614 square feet each. Both residences have three bedrooms, two full bathrooms, one half bathroom, a fireplace, and a basement two-car garage with rear entry. The third bedroom in each unit is non-conforming. Kitchen appliances, washers, and dryers are included in both units.
The property is occupied by tenants who have lived there for more than 10 years, and new leases were signed in August. Both units use electric HVAC systems and water heaters and are served by public water and sewer. There is no HOA, and the property is being sold as-is.
The property is occupied by tenants who have lived there for more than 10 years, and new leases were signed in August. Both units use electric HVAC systems and water heaters and are served by public water and sewer. There is no HOA, and the property is being sold as-is.
Key Highlights
- Two‑story duplex built in 1990
- Two units of approximately 1,614 square feet each
- Each unit has 3 bedrooms, 2 full bathrooms, and 1 half bathroom; third bedroom is non‑conforming
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,173
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,460
$343.5K
Cap Rate 7%
$245,329
$245.3K
Cap Rate 9%
$190,811
$190.8K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$26.1K $16.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$24.5K $15.20/SF
− OpEx
−$7.4K −$4.56/SF
NOI
$17.2K $10.64/SF
Area
Leavenworth County, KS
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,460
Cap Rate 7%
$245,329
Cap Rate 9%
$190,811
Alternative Uses
Best Use
Multifamily LT 5
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office B
$317.5K
$277.8K – $370.4K
NOI $22,225 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 66048, KS
36,628
Population
15,237
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
92%
High-School Grad
135.5 sq mi
ZIP Area
270
Density / Sq Mi
$71,520
Median Household Income
$40,702
Median Earnings
$954
Median Rent
$203,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences combine fireplaces, basement garages, and all-electric systems in a single duplex property.
Where is this duplex located?
The property is located at 1365-1367 Sherman Ave Leavenworth, KS.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑story duplex built in 1990; Two units of approximately 1,614 square feet each; Each unit has 3 bedrooms, 2 full bathrooms, and 1 half bathroom; third bedroom is non‑conforming
