Multifamily
For Sale
$178,000
205 N Mahaffie St, Olathe, KS 66061
Offered for sale in Olathe, Kansas, this property dates to 1963.
Property Size720 SF
Price / SF$247.22
Days on Market57
Property Features for 205 N Mahaffie St
General Information
Standard status
Active
Size
720 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$190,000
Building Details
Year Built
1963
Listing Agency:
Your Future Address, LLC
(913) 220-3260
Listed By:
Van Noy Real Estate
(913) 349-7580
Source:
Kchomelistings
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 9:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Your Future Address, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located at 205 N Mahaffie St in Olathe, Kansas. The property information reports a size of 720 and a 1963 construction year.
The asset is offered for sale within ZIP code 66061. No additional details regarding unit count, layout, renovations, or site features are provided.
The asset is offered for sale within ZIP code 66061. No additional details regarding unit count, layout, renovations, or site features are provided.
Key Highlights
- 205 N Mahaffie St, Olathe, KS 66061
- Reported property size of 720
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,665
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,300
$133.3K
Cap Rate 7%
$95,214
$95.2K
Cap Rate 9%
$74,056
$74.1K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$13.0K $18.00/SF
− Vacancy
−$842 −$1.17/SF
EGI
$12.1K $16.83/SF
− OpEx
−$5.5K −$7.57/SF
NOI
$6.7K $9.26/SF
Area
Olathe, KS
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,300
Cap Rate 7%
$95,214
Cap Rate 9%
$74,056
Alternative Uses
Best Use
Apartment 5plus
$95.2K
$83.3K – $111.1K
NOI $6,665 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.8K
$186.2K – $248.3K
NOI $14,895 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Offered for sale in Olathe, Kansas, this property dates to 1963.
Where is this multifamily property located?
The property is located at 205 N Mahaffie St Olathe, KS.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 205 N Mahaffie St, Olathe, KS 66061; Reported property size of 720; Built in 1963
