Duplex Property with Daylight
New
For Sale
$320,000
15152 Glenwood Avenue, Overland Park, KS 66223
Residential, Traditional, Overland Park, KS
Property Size1,384 SF
Lot Size0.13 Acres
Price / SF$231.21
Days on Market1
Property Features for 15152 Glenwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Laundry Room, Basement, Bathroom 1, Laundry Room, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Dining Room, Bathroom 2
Parking features
Open
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Vaulted Ceiling(s)
Fireplace
1
Basement
Daylight
Appliances
Dishwasher, Disposal, Exhaust Fan, Electric Range
Subdivision
Blue Valley Hills
Elementary school
Stanley
Middle school
Blue Valley
High school
Blue Valley
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
From 151st St & Metcalf, head east just a flew blocks to Glenwood Avenue. South on Glenwood to home on the right side.
Standard status
Active
APN
Np04300000 0039a
Size
1,384 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
BLUE VALLEY HILLS LT 39 EX BG SW CR NE ALG W/L 123.11' TO NWCR SE ALG N/L 42' & 4.76' SW 32.94' SE .33' SW 94.45' TO PTON S/L NW ALG S/L 34.05' TO POB OPC 641 33 72 39A
Tax Annual Amount
3132
Legal Description
BLUE VALLEY HILLS LT 39 EX BG SW CR NE ALG W/L 123.11' TO NWCR SE ALG N/L 42' & 4.76' SW 32.94' SE .33' SW 94.45' TO PTON S/L NW ALG S/L 34.05' TO POB OPC 641 33 72 39A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1995
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Kevin Vaughn
(816) 304-4635
Added: Sep 11
Last Checked: Sep 11 at 3:06PM
MLS# 2637414
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 1,384-square-foot duplex property was built in 1995 and includes a practical residential layout with vaulted ceilings, neutral finishes, and a main-level laundry area. The kitchen is equipped with an electric range, dishwasher, disposal, and exhaust fan. A two-car garage, unfinished daylight basement, deck, fireplace, and public water and sewer service add functional value.
The property is located at 15152 Glenwood Avenue in Overland Park, Kansas 66223, within Johnson County. Its 0.1304-acre lot is positioned near major intersections, shopping, dining, and everyday amenities. Additional features include forced-air heating, electric cooling, composition roofing, frame construction, carpet and vinyl flooring, and a 1995 construction date.
The property is located at 15152 Glenwood Avenue in Overland Park, Kansas 66223, within Johnson County. Its 0.1304-acre lot is positioned near major intersections, shopping, dining, and everyday amenities. Additional features include forced-air heating, electric cooling, composition roofing, frame construction, carpet and vinyl flooring, and a 1995 construction date.
Key Highlights
- 1,384‑square‑foot duplex property built in 1995
- 0.1304‑acre lot in Overland Park, Kansas
- Unfinished daylight basement and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,817
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,340
$316.3K
Cap Rate 7%
$225,957
$226.0K
Cap Rate 9%
$175,744
$175.7K
Market Conditions
NOI Build-Up for 1,384 SF
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.
Gross rent
$24.1K $17.40/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$22.6K $16.33/SF
− OpEx
−$6.8K −$4.90/SF
NOI
$15.8K $11.43/SF
Area
Overland Park, KS
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,340
Cap Rate 7%
$225,957
Cap Rate 9%
$175,744
Alternative Uses
Best Use
Multifamily LT 5
$226.0K
$197.7K – $263.6K
NOI $15,817 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,519 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 66223, KS
24,843
Population
10,626
Households
2.3
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
6.2 sq mi
ZIP Area
4,007
Density / Sq Mi
$113,707
Median Household Income
$70,290
Median Earnings
$1,697
Median Rent
$402,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential property offering a practical layout, attached storage, and convenient access to shopping, dining, and daily services.
Where is this duplex located?
The property is located at 15152 Glenwood Avenue Overland Park, KS.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,384‑square‑foot duplex property built in 1995; 0.1304‑acre lot in Overland Park, Kansas; Unfinished daylight basement and two‑car garage
