Updated Duplex
For Sale
$255,000
3729 Brush Creek Drive, Lawrence, KS 66047
Refreshed duplex property with new windows, an attached garage, fenced yard, and updated kitchen and bathroom finishes.
Property Size1,248 SF
Days on Market14
Property Features for 3729 Brush Creek Drive
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,555
Building Details
Building Size
1,248 SF
Year Built
1972
Stories
2
Tenancy
Single
Listing Agency:
Engel & Volkers Kansas City
(913) 900-0001
Listed By:
Jason Guerrero
(913) 900-0001
Source:
Heartland-realty
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 11 at 1:56PM
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 Engel & Volkers Kansas City
Investment Insights
Based on property information with market context.
This refreshed duplex property, built in 1972, offers three bedrooms, an attached garage, additional parking, and a practical residential layout. New windows throughout bring natural light into the home, while the kitchen features new luxury vinyl tile flooring and all-new appliances installed in 2025. Both bathrooms also have new luxury vinyl tile flooring.
The main level connects the living and dining areas with the backyard, which includes a freshly stained deck and fenced yard. Fresh exterior paint completes the updates. Upper-level laundry adds convenience, and the primary bedroom provides additional space within the three-bedroom configuration.
The property is located at 3729 Brush Creek Drive in Lawrence, Kansas, within a short distance of Sunflower Elementary and minutes from Southwest Middle School, shopping, dining, and the University of Kansas.
The main level connects the living and dining areas with the backyard, which includes a freshly stained deck and fenced yard. Fresh exterior paint completes the updates. Upper-level laundry adds convenience, and the primary bedroom provides additional space within the three-bedroom configuration.
The property is located at 3729 Brush Creek Drive in Lawrence, Kansas, within a short distance of Sunflower Elementary and minutes from Southwest Middle School, shopping, dining, and the University of Kansas.
Key Highlights
- Three‑bedroom duplex property built in 1972
- New windows throughout the home
- Kitchen updated with new luxury vinyl tile flooring and all‑new appliances in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,660
$247.7K
Cap Rate 7%
$176,900
$176.9K
Cap Rate 9%
$137,589
$137.6K
Market Conditions
NOI Build-Up for 1,248 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.7K $15.00/SF
− Vacancy
−$1.0K −$0.83/SF
EGI
$17.7K $14.17/SF
− OpEx
−$5.3K −$4.25/SF
NOI
$12.4K $9.92/SF
Area
Douglas County, KS
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,660
Cap Rate 7%
$176,900
Cap Rate 9%
$137,589
Alternative Uses
Best Use
Multifamily LT 5
$176.9K
$154.8K – $206.4K
NOI $12,383 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$166.1K
$145.3K – $193.7K
NOI $11,624 @ 7.0% cap · market cap 4.56%
Theoretical Best
Retail
$367.3K
$321.4K – $428.5K
NOI $25,708 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Refreshed duplex property with new windows, an attached garage, fenced yard, and updated kitchen and bathroom finishes.
Where is this duplex located?
The property is located at 3729 Brush Creek Drive Lawrence, KS.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Three‑bedroom duplex property built in 1972; New windows throughout the home; Kitchen updated with new luxury vinyl tile flooring and all‑new appliances in 2025
