Residential Income Property with Walkout Lower
For Sale
$379,950
15928 W 91st Terrace, Lenexa, KS 66219
Residential, Lenexa, KS
Property Size2,173 SF
Lot Size0.24 Acres
Price / SF$174.85
Days on Market17
Property Features for 15928 W 91st Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 4
Fireplace
1
Basement
Finished, Walk-Out Access
Subdivision
Villas of Loiret
Elementary school
Sunflower
Middle school
Westridge
High school
SM West
Elementary school district
Shawnee Mission
Middle school district
Shawnee Mission
High school district
Shawnee Mission
Directions
95th to Loiret Blvd, North to 91st Terr, left to home.
Standard status
Active
APN
999999
Size
2,173 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
VILLAS OF LOIRET LT 19
Tax Annual Amount
3500
HOA Fee
$900 Annually
Legal Description
VILLAS OF LOIRET LT 19
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1998
Building materials
Stucco & Frame
Roof type
Composition
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Brent Sledd
(913) 558-5858
Added: Oct 8
Changed: Oct 21
Last Checked: Oct 24 at 4:06PM
MLS# 2646180
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.
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Investment Insights
Based on property information with market context.
This residential income property offers 2,173 square feet with four bedrooms, two full bathrooms, and two half bathrooms. The interior has new paint and flooring, remodeled kitchen finishes and appliances, and walk-in closets in the owner’s suite and secondary bedrooms. A finished walkout lower level adds additional usable space. The home was built in 1998 and has forced-air heating, electric cooling, a fireplace, public water, and public sewer.
The property occupies a 0.2423-acre lot in Lenexa. Lenexa City Center, shopping, dining, and entertainment are described as minutes away, with access to I-435. The listing also describes an arrangement in which an owner could occupy one side and generate rental income from the other, and notes a rental history.
The property occupies a 0.2423-acre lot in Lenexa. Lenexa City Center, shopping, dining, and entertainment are described as minutes away, with access to I-435. The listing also describes an arrangement in which an owner could occupy one side and generate rental income from the other, and notes a rental history.
Key Highlights
- 2,173 square feet on a 0.2423‑acre lot
- Four bedrooms, two full bathrooms, and two half bathrooms
- Finished walkout lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,844
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,880
$436.9K
Cap Rate 7%
$312,057
$312.1K
Cap Rate 9%
$242,711
$242.7K
Market Conditions
NOI Build-Up for 2,173 SF
Gross rent
$41.2K $18.96/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$39.7K $18.28/SF
− OpEx
−$17.9K −$8.22/SF
NOI
$21.8K $10.05/SF
Area
Johnson County, KS
Vacancy
3.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,880
Cap Rate 7%
$312,057
Cap Rate 9%
$242,711
Alternative Uses
Best Use
Apartment 5plus
$312.1K
$273.1K – $364.1K
NOI $21,844 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.9K
$460.2K – $613.6K
NOI $36,813 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 66219, KS
13,378
Population
7,044
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
1,612
Density / Sq Mi
$91,144
Median Household Income
$59,148
Median Earnings
$1,458
Median Rent
$370,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors and a finished lower level provide flexible living space in a four-bedroom home.
Where is this residential income property located?
The property is located at 15928 W 91st Terrace Lenexa, KS.
What is the asking price?
The asking price for this property is $379,950.
What are key features of this property?
This property features: 2,173 square feet on a 0.2423‑acre lot; Four bedrooms, two full bathrooms, and two half bathrooms; Finished walkout lower level
