Renovated Half
For Sale
$178,000
205 N Mahaffie Street, Olathe, KS 66061
Residential, Olathe, KS
Property Size720 SF
Lot Size0.10 Acres
Price / SF$247.22
Days on Market56
Property Features for 205 N Mahaffie Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Off Street
Basement
Crawl Space
Appliances
Dishwasher, Refrigerator
Subdivision
Santa Fe Height
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
From I-35: turn west on Santa Fe St, turn right on N Mahaffie St and house is first house on left
Standard status
Active
APN
DP68000008-0007A
Size
720 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SANTA FE HEIGHTS BG SE CR LT 7BLK 8 W 112' N 38.20' E TO PT ON E/L LT 7 38.88' N OF BG S TO POB OLC 3683A
Tax Annual Amount
1761
Legal Description
SANTA FE HEIGHTS BG SE CR LT 7BLK 8 W 112' N 38.20' E TO PT ON E/L LT 7 38.88' N OF BG S TO POB OLC 3683A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1963
Building materials
Frame
Roof type
Composition
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Nickey Taylor
(913) 585-5855
Added: Aug 21
Changed: Oct 14
Last Checked: Oct 15 at 1:06PM
MLS# 2638174
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 720-square-foot half duplex includes two bedrooms, one bathroom, an open living area, and an eat-in kitchen with substantial cabinet storage. Both bedrooms have large closets, while a private backyard provides outdoor space. The residence was recently renovated and includes a dishwasher and refrigerator. Frame construction, a composition roof, forced-air heating, electric cooling, off-street parking, public water, and public sewer are also provided.
Built in 1963, the property is located near downtown Olathe with access to highways, schools, shopping, and dining. Its 0.0982-acre lot and residential duplex configuration offer a compact property format with established building improvements and outdoor area.
Built in 1963, the property is located near downtown Olathe with access to highways, schools, shopping, and dining. Its 0.0982-acre lot and residential duplex configuration offer a compact property format with established building improvements and outdoor area.
Key Highlights
- 720 square feet with two bedrooms and one bathroom
- Recently renovated half‑duplex residence
- Eat‑in kitchen with ample cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,661
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,220
$153.2K
Cap Rate 7%
$109,443
$109.4K
Cap Rate 9%
$85,122
$85.1K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$11.7K $16.20/SF
− Vacancy
−$720 −$1.00/SF
EGI
$10.9K $15.20/SF
− OpEx
−$3.3K −$4.56/SF
NOI
$7.7K $10.64/SF
Area
Olathe, 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 Rate 5%
$153,220
Cap Rate 7%
$109,443
Cap Rate 9%
$85,122
Alternative Uses
Best Use
Multifamily LT 5
$109.4K
$95.8K – $127.7K
NOI $7,661 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$95.2K
$83.3K – $111.1K
NOI $6,665 @ 7.0% cap · market cap 3.74%
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.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Open living space, eat-in kitchen, two bedrooms, and a private backyard support comfortable residential use.
Where is this duplex located?
The property is located at 205 N Mahaffie Street 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: 720 square feet with two bedrooms and one bathroom; Recently renovated half‑duplex residence; Eat‑in kitchen with ample cabinet storage
