Split-Entry Duplex Home with
For Sale
$185,000
1503 W LOULA Street, Olathe, KS 66061
Split-entry home with a screened-in sunroom, finished basement, and an attached one-car garage.
Property Size1,158 SF
Days on Market9
Property Features for 1503 W LOULA Street
General Information
Standard status
Active
Size
1,158 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
ceiling fans
screened-in sunroom
Building Details
Building Size
1,158 SF
Year Built
1986
Buildings
1
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 906-5400
Listed By:
Laura Flores
(913) 906-5400
Source:
Community-realty
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 5 at 1:37PM
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.
Investment Insights
Based on property information with market context.
Located at 1503 W Loula Street in Olathe, KS, this split-entry residence was built in 1986 and offers two bedrooms and 1.5 bathrooms. The layout includes a spacious kitchen and ceiling fans throughout, with a finished basement that provides additional living space and includes a convenient half bath.
A screened-in sunroom adds year-round comfort for relaxing or entertaining. The home also features an attached front-entry one-car garage.
Recent updates include a brand-new roof. The property is offered in its current condition (AS-IS). Buyers are welcome to conduct inspections for informational purposes; however, the seller does not intend to make repairs or provide repair concessions.
A screened-in sunroom adds year-round comfort for relaxing or entertaining. The home also features an attached front-entry one-car garage.
Recent updates include a brand-new roof. The property is offered in its current condition (AS-IS). Buyers are welcome to conduct inspections for informational purposes; however, the seller does not intend to make repairs or provide repair concessions.
Key Highlights
- Two bedrooms and 1.5 bathrooms in a split‑entry layout
- Screened‑in sunroom for year‑round indoor‑outdoor enjoyment
- Finished basement with an added half bath
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 | $18.8k | $16.20 |
| − Vacancy | −$1.2k | −$1.00 |
| EGI | $17.6k | $15.20 |
| − OpEx | −$5.3k | −$4.56 |
| NOI | $12.3k | $10.64 |
1,158 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.0K
$154.0K – $205.4K
NOI $12,321 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$153.1K
$134.0K – $178.7K
NOI $10,719 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$342.2K
$299.5K – $399.3K
NOI $23,957 @ 7.0% cap · market cap 12.95%
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
71
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 - Split-entry home with a screened-in sunroom, finished basement, and an attached one-car garage.
Where is this duplex located?
The property is located at 1503 W LOULA Street Olathe, KS.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms in a split‑entry layout; Screened‑in sunroom for year‑round indoor‑outdoor enjoyment; Finished basement with an added half bath
