Duplex Property with Attached
New
For Sale
$260,000
1388 N Ridge Parkway, Olathe, KS 66061
Established residential income property with an unfinished basement, attached garage, and convenient access to shopping, parks, and major highways.
Property Size1,291 SF
Lot Size0.14 Acres
Price / SF$201.39
Days on Market5
Property Features for 1388 N Ridge Parkway
General Information
Standard status
Active
Size
1,291 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,134
Building Details
Building Size
1,291 SF
Year Built
1987
Buildings
1
Stories
1
Construction
ranch
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Dayna Murphy · License #244107
(785) 329-9077
Source:
Heartland-realty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 5 at 2:43PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This duplex property was built in 1987 and includes 1,291 finished square feet along with an unfinished basement. The residence features a ranch-style configuration, three bedrooms, two full bathrooms, a living room, kitchen, dining area, primary suite, additional bedrooms, and main-level laundry. An attached two-car garage adds covered parking and storage capacity.
The property occupies a 6,298-square-foot lot on a cul-de-sac at 1388 N Ridge Parkway in Olathe, Kansas. Shopping, dining, parks, schools, and major highways are located nearby, providing access to everyday amenities and regional transportation routes.
The property occupies a 6,298-square-foot lot on a cul-de-sac at 1388 N Ridge Parkway in Olathe, Kansas. Shopping, dining, parks, schools, and major highways are located nearby, providing access to everyday amenities and regional transportation routes.
Key Highlights
- 1,291 finished square feet with an unfinished basement
- Three bedrooms and two full bathrooms
- Attached two‑car garage
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 | $20.9k | $16.20 |
| − Vacancy | −$1.3k | −$1.00 |
| EGI | $19.6k | $15.20 |
| − OpEx | −$5.9k | −$4.56 |
| NOI | $13.7k | $10.64 |
1,291 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.2K
$171.7K – $229.0K
NOI $13,737 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$170.7K
$149.4K – $199.2K
NOI $11,950 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$381.5K
$333.9K – $445.1K
NOI $26,708 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
471
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 - Established residential income property with an unfinished basement, attached garage, and convenient access to shopping, parks, and major highways.
Where is this duplex located?
The property is located at 1388 N Ridge Parkway Olathe, KS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,291 finished square feet with an unfinished basement; Three bedrooms and two full bathrooms; Attached two‑car garage
