1508 E Sheridan Street, Olathe, KS 66062
- Added:
- Apr 18, 2026
- Days on Market:
- 83
- Last Refresh:
- Jul 9 at 8:06 am
Property Features for 1508 E Sheridan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
- Parking features
- Open
- Patio and Porch features
- Patio
- Fireplace
- 1
- Basement
- Concrete
- Appliances
- Refrigerator, Electric Range, Free-Standing Electric Oven
- Standard status
- Pending
- APN
- 046-089-31-0-30-10-019.01-0
- Size
- 1,205 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- HAVENCROFT BG NLY CR OF SE 70'LT 5 SE 47.58' SW 146.71' CUR RT 42.79' TO WLY CUR OF SE 70'LT 5 NE 141.31' TO POB BLK 8 OLC
- Tax Annual Amount
- 2453
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1964
- Flooring type
- Wood, Vinyl, Carpet, Tile
- Building materials
- Board & Batten Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Tim Poolman (913) 433-8086
Listing office Platinum Realty LLC 9393 West 110th St Suite 170, Overland Park, KS (888) 220-0988
Listing date Apr 18, 2026
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.
HighLights
- Full duplex with both units currently rented; asking price is per side (MLS# 2615137)
- Year built 1964 with board & batten siding and a composition roof
- Natural gas heating and electric cooling
- Appliances include refrigerator and electric range/free‑standing electric oven
- Wood, carpet, tile, and vinyl flooring
- Basement plus 3 bedrooms and 1 bathroom listed; public water and public sewer
Overview
The property is located at 1508 E Sheridan Street in Olathe, Kansas (66062), in Johnson County. Public remarks note the home is within walking distance to an elementary school and MidAmerica Nazareen.
For investors or owner-occupants seeking a manageable two-unit structure, this duplex provides immediate rental status with both units leased at the time of sale. Sellers prefer to sell both units together. There is also mention of a possible 1031 exchange for qualified buyers. Unit details reference MLS# 2615137.
Local 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 | $19.5k | $16.20 |
| − Vacancy | −$1.2k | −$1.00 |
| EGI | $18.3k | $15.20 |
| − OpEx | −$5.5k | −$4.56 |
| NOI | $12.8k | $10.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olathe
- County
- Johnson
- State
- Kansas
- Longitude
- -94.791623
- Latitude
- 38.869855
