Duplex
For Sale
$282,500
161 S Whilshire Drive, Tonganoxie, KS 66086
Residential, Traditional, Tonganoxie, KS
Property Size1,568 SF
Lot Size0.18 Acres
Price / SF$180.17
Days on Market8
Property Features for 161 S Whilshire Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
Parking features
Garage
Window features
Window Coverings, Storm Window(s)
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Basement
Walk-Out Access
Appliances
Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Built-In Oven, Stainless Steel Appliance(s), Water Softener
Subdivision
Greystone
Lot features
Adjoin Greenspace, City Lot, Corner Lot, Cul-De-Sac
Elementary school
Tonganoxie
Middle school
Tonganoxie
High school
Tonganoxie
Elementary school district
Tonganoxie
Middle school district
Tonganoxie
High school district
Tonganoxie
Directions
State Ave, South on 206th, west on Sandusky, North on Whilshire
Standard status
Active
APN
192-10-0-10-01-066.58-0
Size
1,568 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
See/Use Legal Description Addendum for the full description
Tax Annual Amount
3842
Legal Description
See/Use Legal Description Addendum for the full description
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
stainless steel appliances
patio
landscaping walls
Building Details
Year built
2007
Flooring type
Ceramic floor, Vinyl, Carpet
Building materials
Stone Trim, Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Mike Russell · License #SP00225692
(913) 523-6427
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 11:06PM
MLS# 2642263
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 duplex property offers 1,568 square feet across three levels on a 0.1791-acre corner lot. The interior includes three bedrooms, two bathrooms, a kitchen with center island, pantry, granite countertops, stainless steel appliances, and refinished cabinetry. Flooring includes ceramic tile, vinyl, and carpet, while recent improvements include updated flooring, interior and exterior paint, backsplash work, and cabinetry refinishing. A two-car garage provides on-site parking.
Outdoor features include a concrete patio, porch, and custom stone landscaping walls. The property was built in 2007 and includes natural gas heating, electric cooling, public water, public sewer, and a composition roof. It is located in the Tonganoxie School District with highway access nearby.
Outdoor features include a concrete patio, porch, and custom stone landscaping walls. The property was built in 2007 and includes natural gas heating, electric cooling, public water, public sewer, and a composition roof. It is located in the Tonganoxie School District with highway access nearby.
Key Highlights
- 1,568 square feet on a 0.1791‑acre corner lot
- Three‑level layout with 3 bedrooms and 2 bathrooms
- Two‑car garage and concrete patio
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
$16,684
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
5.91%
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%
$333,680
$333.7K
Cap Rate 7%
$238,343
$238.3K
Cap Rate 9%
$185,378
$185.4K
Market Conditions
NOI Build-Up for 1,568 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
$25.4K $16.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$23.8K $15.20/SF
− OpEx
−$7.2K −$4.56/SF
NOI
$16.7K $10.64/SF
Area
Leavenworth County, KS
Vacancy
6.17%
Lease Rate
$16.20 /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%
$333,680
Cap Rate 7%
$238,343
Cap Rate 9%
$185,378
Alternative Uses
Best Use
Multifamily LT 5
$238.3K
$208.6K – $278.1K
NOI $16,684 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$207.3K
$181.4K – $241.9K
NOI $14,514 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office B
$308.4K
$269.9K – $359.9K
NOI $21,591 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 66086, KS
10,662
Population
4,205
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
95.3 sq mi
ZIP Area
112
Density / Sq Mi
$94,466
Median Household Income
$54,984
Median Earnings
$1,165
Median Rent
$288,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three-level property with updated finishes, a spacious kitchen, garage parking, and outdoor living areas.
Where is this duplex located?
The property is located at 161 S Whilshire Drive Tonganoxie, KS.
What is the asking price?
The asking price for this property is $282,500.
What are key features of this property?
This property features: 1,568 square feet on a 0.1791‑acre corner lot; Three‑level layout with 3 bedrooms and 2 bathrooms; Two‑car garage and concrete patio
