Three-Bedroom
For Sale
$184,900
17132 W Lawson Cir, Goddard, KS 67052
Residential, Goddard, KS
Property Size1,112 SF
Lot Size0.17 Acres
Price / SF$166.28
Days on Market193
Property Features for 17132 W Lawson Cir
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 3, Kitchen, Bedroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Guttering - ALL, Zero Step Entry, Frame w/Less than 50% Mas
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Range
Subdivision
CYPRESS GLEN
Lot features
Standard
Elementary school
Explorer
Middle school
Dwight D. 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
Turn north from Kellogg onto 167th until taking a left hand turn onto Kashmir St. Follow Kashmir until a left turn onto Lawson St.
Standard status
Active
APN
30024051
Size
1,112 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 15 BLOCK A CYPRESS GLEN ADDITION
Tax Annual Amount
28
Legal Description
LOT 15 BLOCK A CYPRESS GLEN ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Water source
Private
Building Details
Year built
2025
Floors in Building
1
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: Feb 27
Changed: Sep 2
Last Checked: Sep 8 at 12:06AM
MLS# 668904
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 under-construction duplex offers 1,112 square feet with three bedrooms, two bathrooms, and a two-car attached garage. Front and side access include zero-step entry, while luxury vinyl plank flooring is planned throughout the property. The layout includes a kitchen, laundry room, two bathrooms, and three bedrooms.
The kitchen is designed with a walk-in pantry and bar seating, along with a range, microwave, refrigerator, dishwasher, and disposal. Additional features include central air, forced-air heating with natural gas, ceiling fans, walk-in closets, a patio, composition roofing, and all-property guttering. The residence sits on a 0.17-acre lot and was built in 2025. Natural gas is available, and the water source is private.
The kitchen is designed with a walk-in pantry and bar seating, along with a range, microwave, refrigerator, dishwasher, and disposal. Additional features include central air, forced-air heating with natural gas, ceiling fans, walk-in closets, a patio, composition roofing, and all-property guttering. The residence sits on a 0.17-acre lot and was built in 2025. Natural gas is available, and the water source is private.
Key Highlights
- 1,112‑square‑foot duplex with three bedrooms and two bathrooms
- Two‑car attached garage and zero‑step front and side entry
- Luxury vinyl plank flooring planned throughout the property
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
$9,298
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%
$185,960
$186.0K
Cap Rate 7%
$132,829
$132.8K
Cap Rate 9%
$103,311
$103.3K
Market Conditions
NOI Build-Up for 1,112 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
$14.0K $12.60/SF
− Vacancy
−$729 −$0.66/SF
EGI
$13.3K $11.94/SF
− OpEx
−$4.0K −$3.58/SF
NOI
$9.3K $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%
$185,960
Cap Rate 7%
$132,829
Cap Rate 9%
$103,311
Alternative Uses
Best Use
Multifamily LT 5
$132.8K
$116.2K – $155.0K
NOI $9,298 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$122.5K
$107.2K – $142.9K
NOI $8,576 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$231.8K
$202.8K – $270.4K
NOI $16,224 @ 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with zero-step entry, an attached garage, and an appliance-equipped kitchen.
Where is this duplex located?
The property is located at 17132 W Lawson Cir Goddard, KS.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1,112‑square‑foot duplex with three bedrooms and two bathrooms; Two‑car attached garage and zero‑step front and side entry; Luxury vinyl plank flooring planned throughout the property
