Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Parsons Duplex: Investment Opportunity Title is generated by Realmo AI

    2302 Crawford Avenue, Parsons, KS 67357

    View on Map
    Claim this Listing
    For Sale
    $115,000

    MULTI_FAMILY - Parsons, KS

    Lot size:
    0.23 Acres
    Added:
    May 12, 2026
    Days on Market:
    9
    Last Refresh:
    May 20 at 4:06 pm

    Property Features for 2302 Crawford Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Parking features
    Carport, Covered
    Standard status
    Active
    APN
    036-13-0-40-24-001.00-0
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    A 2 PARSONS, S13, T31, R19, N100' OF E1/2 LT 1 BLK 104
    Tax Annual Amount
    2102

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Ike Reitemeier
    Ike Reitemeier

    Listing agent Ike Reitemeier License #SP00246880

    Listing office Golden Oak Real Estate LLC 410 Main St, Parsons, KS

    Listing date May 12, 2026

    MLS# 2620151 Listing URL

    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.

    HighLights

    • Move‑in ready duplex
    • Opportunity to live in one unit and rent out the other
    • Potential for rental income to offset mortgage
    • Two units: one with two bedrooms/one bathroom, one with one bedroom/one bathroom
    • Carport and covered parking
    • Vinyl siding

    Overview

    This move-in ready duplex is available for sale. One unit features two bedrooms and one bathroom, while the other contains one bedroom and one bathroom. This property presents an opportunity for those interested in entering the rental business. It could also suit a new homeowner looking to occupy one unit while renting out the other to offset mortgage costs. The property is located in Parsons, KS, and is situated on a lot of approximately 0.2296 acres. The zoning is classified as R.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsons
    County
    Labette
    State
    Kansas
    Longitude
    -95.270944
    Latitude
    37.342283

    Nearby Similar for Sale

    • $675,000
      11,520 SF

      Automotive Building Near Highway 400

      11,520 sq ft automotive building on 9 acres.
      1515 Flynn Drive, Parsons, KS 67357
      View Details
    • $625,000

      Pasture and Hay Meadows Land

      105 acres of fenced pasture and hay meadows near town.
      Hwy 59, Parsons, KS 67357
      View Details
    • $1,600,000
      71,734 SF

      Sprawling Commercial Building on Large Lot

      71,734 SF building on 6.1 acres with income potential.
      300 Main St, Parsons, KS 67357
      View Details
    • $1,600,000

      Versatile Building with Income Potential

      71,734 sq ft building on 6.1 acres with parking.
      300 E Main Street, Parsons, KS 67357
      View Details
    • $3,406,717
      14,381 SF

      Walgreens Property for Sale

      Walgreens property with ±3 years firm term remaining.
      1528 Main St, Parsons, KS 67357
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex, ideal for rental business or owner-occupancy.
    Where is this duplex located?
    The property is located at 2302 Crawford Avenue Parsons, KS.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Move‑in ready duplex; Opportunity to live in one unit and rent out the other; Potential for rental income to offset mortgage
    (620) 605-8574
    We can help!
    Listing Contact
    Ike Reitemeier
    Ike Reitemeier
    Real Estate License ID: SP00246880
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2302 Crawford Avenue, Parsons, KS 67357
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!