Duplex with Attached
For Sale
$369,900
17124-26 W Lawson St Cir, Goddard, KS 67052
Residential Income, Goddard, KS
Property Size2,224 SF
Lot Size0.17 Acres
Price / SF$166.32
Days on Market158
Property Features for 17124-26 W Lawson St Cir
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
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
Turning north from Kellogg onto 167th continue until a left turn onto Kashmir St. Continue west until turning left onto Lawson Cir.
Standard status
Active
APN
30024050
Size
2,224 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 14 BLOCK A CYPRESS GLEN ADDITION
Tax Annual Amount
28
Legal Description
LOT 14 BLOCK A 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
Masonite
Roof type
Composition
Listing Agency:
Keller Williams Hometown Partners · Keller Williams Realty
(316) 729-8500
Listed By:
Tanner Ternes · License #00250292
(316) 670-6071
Added: Mar 27
Changed: Aug 27
Last Checked: Aug 31 at 6:06PM
MLS# 670400
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 2,224-square-foot duplex is under construction with a 2025 build year and a two-car attached garage. The property includes zero-entry front and side doors, three bedrooms, and two bathrooms. Luxury vinyl plank flooring is planned throughout, while each kitchen includes a walk-in pantry, bar seating, and a range, microwave, refrigerator, dishwasher, and disposal.
Located in Goddard, Kansas, the property sits on a 0.1744-acre lot at 17124-26 W Lawson St Cir. Natural gas is available, with public water service, natural-gas heating, electric cooling, and a composition roof. Masonite is specified among the construction materials.
Located in Goddard, Kansas, the property sits on a 0.1744-acre lot at 17124-26 W Lawson St Cir. Natural gas is available, with public water service, natural-gas heating, electric cooling, and a composition roof. Masonite is specified among the construction materials.
Key Highlights
- 2,224‑square‑foot duplex on a 0.1744‑acre lot
- 2025 construction with under‑construction status
- Two‑car attached 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
$18,596
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
5.03%
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%
$371,920
$371.9K
Cap Rate 7%
$265,657
$265.7K
Cap Rate 9%
$206,622
$206.6K
Market Conditions
NOI Build-Up for 2,224 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
$28.0K $12.60/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$26.6K $11.94/SF
− OpEx
−$8.0K −$3.58/SF
NOI
$18.6K $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%
$371,920
Cap Rate 7%
$265,657
Cap Rate 9%
$206,622
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $309.9K
NOI $18,596 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$245.0K
$214.4K – $285.9K
NOI $17,152 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$463.5K
$405.6K – $540.8K
NOI $32,448 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
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 - Under-construction multifamily property with zero-entry access, three-bedroom layouts, and appliance-equipped kitchens.
Where is this duplex located?
The property is located at 17124-26 W Lawson St Cir Goddard, KS.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,224‑square‑foot duplex on a 0.1744‑acre lot; 2025 construction with under‑construction status; Two‑car attached garage
