Brand-New Duplex with Modern
For Sale
$370,000
16908 W Kashmir St, Goddard, KS 67052
Residential Income, Goddard, KS
Property Size2,538 SF
Lot Size0.20 Acres
Price / SF$145.78
Days on Market260
Property Features for 16908 W Kashmir St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
CYPRESS GLEN
Elementary school
Explorer
Middle school
Eisenhower
High school
Dwight D. Eisenhower
Elementary school district
Goddard School District (USD 265)
Middle school district
Goddard School District (USD 265)
High school district
Goddard School District (USD 265)
Directions
Kellogg and 167th - head north past Maple. Neighborhood is on the west side of the street.
Standard status
Active
APN
087-145-21-0-44-03-011.00
Size
2,538 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 BLOCK B CYPRESS GLEN ADDITION
HOA Fee
$1,404 Annually
Legal Description
LOT 11 BLOCK B CYPRESS GLEN ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2025
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Dustin Lynam · License #00237038
(316) 259-9184
Added: Dec 14, 2025
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# 665936
Copyright © 2026 South Central Kansas MLS. 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 brand-new duplex, built in 2025, provides two separate living units. Each side includes an open floor plan with three bedrooms and two full bathrooms, along with quartz countertops and quality, modern finishes throughout.
The property is located in Goddard, within the Goddard-Eisenhower School District. It sits in a new, well-maintained community with irrigation and lawn care included in the HOA.
Offered for sale as a turnkey opportunity, the duplex configuration supports both owner-occupant and investor use, with each unit laid out to support an open kitchen that flows into the living and dining areas.
The property is located in Goddard, within the Goddard-Eisenhower School District. It sits in a new, well-maintained community with irrigation and lawn care included in the HOA.
Offered for sale as a turnkey opportunity, the duplex configuration supports both owner-occupant and investor use, with each unit laid out to support an open kitchen that flows into the living and dining areas.
Key Highlights
- Brand new duplex built in 2025.
- Located in the highly desirable Goddard‑Eisenhower School District.
- Spacious open floor plan with 3 bedrooms and 2 full bathrooms per side (over 1,200 sq ft).
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
$21,221
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
5.74%
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%
$424,420
$424.4K
Cap Rate 7%
$303,157
$303.2K
Cap Rate 9%
$235,789
$235.8K
Market Conditions
NOI Build-Up for 2,538 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
$32.0K $12.60/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$30.3K $11.94/SF
− OpEx
−$9.1K −$3.58/SF
NOI
$21.2K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /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%
$424,420
Cap Rate 7%
$303,157
Cap Rate 9%
$235,789
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.7K
NOI $21,221 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$279.6K
$244.7K – $326.2K
NOI $19,573 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$529.0K
$462.9K – $617.2K
NOI $37,029 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 67052, KS
8,977
Population
3,081
Households
2.9
Avg Household Size
36
Median Age
39%
College-Educated
98%
High-School Grad
51.8 sq mi
ZIP Area
173
Density / Sq Mi
$104,044
Median Household Income
$48,428
Median Earnings
$1,372
Median Rent
$253,800
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 - New 2025 duplex in Goddard offers two units with three bedrooms and two full baths each.
Where is this duplex located?
The property is located at 16908 W Kashmir St Goddard, KS.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Brand new duplex built in 2025.; Located in the highly desirable Goddard‑Eisenhower School District.; Spacious open floor plan with 3 bedrooms and 2 full bathrooms per side (over 1,200 sq ft).
