Half-Duplex Income
New
For Sale
$250,000
318 S Kenwood Lane, Olathe, KS 66062
Two separate living areas provide flexible space within the residence.
Property Size1,298 SF
Price / SF$192.60
Days on Market4
Property Features for 318 S Kenwood Lane
General Information
Standard status
Active
Size
1,298 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
Pantry
Building Details
Building Size
1,298 SF
Year Built
1971
Stories
2
Listing Agency:
ReeceNichols -Johnson County W
Listed By:
John Price
(913) 323-7222
Source:
Fishburnrealtyllc
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:00PM
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 ReeceNichols -Johnson County W
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Investment Insights
Based on property information with market context.
This 1,298-square-foot half-duplex was built in 1971 and includes two living areas, an eat-in kitchen, and a garage connected to the second living space. Both bathrooms have been updated, and the property offers additional flexible-use space and substantial storage. There is no HOA.
At 318 S Kenwood Lane in Olathe, the property is near grocery stores, restaurants, shopping, parks, and trails at the end of the street. Freeway access is also available nearby.
At 318 S Kenwood Lane in Olathe, the property is near grocery stores, restaurants, shopping, parks, and trails at the end of the street. Freeway access is also available nearby.
Key Highlights
- Half‑duplex with 1,298 square feet
- Two living areas and an eat‑in kitchen
- Both bathrooms updated; garage connects to the second living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,015
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,300
$240.3K
Cap Rate 7%
$171,643
$171.6K
Cap Rate 9%
$133,500
$133.5K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$23.4K $18.00/SF
− Vacancy
−$1.5K −$1.17/SF
EGI
$21.8K $16.83/SF
− OpEx
−$9.8K −$7.57/SF
NOI
$12.0K $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%
$240,300
Cap Rate 7%
$171,643
Cap Rate 9%
$133,500
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.2K – $200.3K
NOI $12,015 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two separate living areas provide flexible space within the residence.
Where is this residential income property located?
The property is located at 318 S Kenwood Lane Olathe, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Half‑duplex with 1,298 square feet; Two living areas and an eat‑in kitchen; Both bathrooms updated; garage connects to the second living area
