Half-Duplex Residential
For Sale
$250,000
318 S Kenwood Lane, Olathe, KS 66062
Residential, Traditional, Olathe, KS
Property Size1,298 SF
Lot Size0.11 Acres
Price / SF$192.60
Days on Market11
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Property Features for 318 S Kenwood Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 2, Family Room, Bathroom 2, Bathroom 1
Parking features
Open
Patio and Porch features
Patio
Interior features
Pantry
Fireplace
1
Basement
Concrete, Full
Appliances
Dishwasher, Disposal, Dryer, Humidifier, Refrigerator, Electric Range, Washer
Subdivision
Havencroft
Elementary school
Havencroft
Middle school
Ridgeview
High school
Olathe North
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
I-35 South to Santa Fe exit, stay in right lane at exit, turn right on Claiborne, turn left at Cedar, follow Cedar to Kenwood Ln, right on Kenwood Lane to property on left
Standard status
Active
APN
DP30000021-0005
Size
1,298 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
HAVENCROFT S 40.07' LT 5 BLK 21 OLC 633 21 5
Tax Annual Amount
2496
Legal Description
HAVENCROFT S 40.07' LT 5 BLK 21 OLC 633 21 5
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1971
Flooring type
Vinyl, Carpet
Building materials
Brick/Mortar
Roof type
Composition
Architectural style
Other
Listing Agency:
ReeceNichols -Johnson County W · HomeLife
(913) 323-7222
Listed By:
John Price
(913) 787-7657
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 15 at 3:06PM
MLS# 2645666
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 1,298-square-foot half-duplex, built in 1971, includes two bedrooms, two bathrooms, and two living areas. Recent bathroom updates and an updated kitchen complement the pantry, fireplace, patio, and garage located beside the secondary living area. The home sits on a 0.1104-acre lot and has brick/mortar construction, forced-air heating, electric cooling, and public water and sewer service.
Grocery stores, restaurants, shopping, and parks are described as nearby. Freeway access is available, and trails are located at the end of the street.
Grocery stores, restaurants, shopping, and parks are described as nearby. Freeway access is available, and trails are located at the end of the street.
Key Highlights
- Two bedrooms and two bathrooms
- 1,298 square feet on a 0.1104‑acre lot
- Two living areas; garage is beside the secondary 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Two distinct living areas provide flexibility within the home.
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: Two bedrooms and two bathrooms; 1,298 square feet on a 0.1104‑acre lot; Two living areas; garage is beside the secondary living area
