Residential Income Property with
For Sale
$275,000
2204 Breckenridge Drive, Lawrence, KS 66047
HOA-covered lawn care and snow removal reduce exterior upkeep for this half-duplex residence.
Property Size1,544 SF
Price / SF$178.11
Days on Market37
Property Features for 2204 Breckenridge Drive
General Information
Standard status
Active
Size
1,544 SF
Property subtype
Half Duplex
Amenities
wood-burning fireplace
central air
private patio
attached garage
off-street parking
Building Details
Year Built
1994
Listing Agency:
RE/MAX Innovations
(816) 454-6540
Listed By:
The REKC Team
(913) 593-3225
Source:
Legendaryapartmentbrokers
Added: Oct 1
Changed: Nov 5
Last Checked: Nov 5 at 9:00AM
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 RE/MAX Innovations
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Investment Insights
Based on property information with market context.
This 1,544-square-foot half duplex, built in 1994, has a living room with a wood-burning fireplace, a kitchen connected to the dining area, and closets throughout. Central air, a private patio, and an attached garage add to the home’s features. Off-street parking accommodates up to three vehicles. HOA services include lawn care and snow removal.
The property is near the KU campus, restaurants, grocery stores, and shopping. Its patio is set among mature landscaping, providing outdoor space at the residence.
The property is near the KU campus, restaurants, grocery stores, and shopping. Its patio is set among mature landscaping, providing outdoor space at the residence.
Key Highlights
- 1,544‑square‑foot half duplex built in 1994
- HOA services cover lawn care and snow removal
- Wood‑burning fireplace and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,381
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,620
$287.6K
Cap Rate 7%
$205,443
$205.4K
Cap Rate 9%
$159,789
$159.8K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$27.2K $17.64/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$26.1K $16.93/SF
− OpEx
−$11.8K −$7.62/SF
NOI
$14.4K $9.31/SF
Area
Douglas County, KS
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,620
Cap Rate 7%
$205,443
Cap Rate 9%
$159,789
Alternative Uses
Best Use
Apartment 5plus
$205.4K
$179.8K – $239.7K
NOI $14,381 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$454.4K
$397.6K – $530.1K
NOI $31,805 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
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Business Placement
Demographics for 66047, KS
19,396
Population
9,368
Households
2.1
Avg Household Size
35
Median Age
55%
College-Educated
97%
High-School Grad
58.2 sq mi
ZIP Area
333
Density / Sq Mi
$61,491
Median Household Income
$33,082
Median Earnings
$1,107
Median Rent
$303,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - HOA-covered lawn care and snow removal reduce exterior upkeep for this half-duplex residence.
Where is this residential income property located?
The property is located at 2204 Breckenridge Drive Lawrence, KS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,544‑square‑foot half duplex built in 1994; HOA services cover lawn care and snow removal; Wood‑burning fireplace and central air
