Duplex Unit with Unfinished
New
For Sale
$285,000
3842 N 123rd Street, Kansas City, KS 66109
Individual side of a duplex with an unfinished basement and access to a large yard.
Property Size1,428 SF
Days on Market4
Property Features for 3842 N 123rd Street
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,363
Building Details
Building Size
1,428 SF
Year Built
2006
Stories
2
Listing Agency:
Reilly Real Estate LLC
(913) 682-2567
Listed By:
Sally Estes · License #SP00044559
(913) 682-2567
Source:
Community-realty
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 12:52PM
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 Reilly Real Estate LLC
Investment Insights
Based on property information with market context.
This residential income property represents one side of a duplex built in 2006. The home includes three bedrooms and 2.5 bathrooms, along with an unfinished basement that could support future additional living areas, subject to applicable approvals. A large yard provides outdoor space for recreation, pets, or gatherings.
The property is located at 3842 N 123rd Street in Kansas City, Kansas, near The Legends shopping, dining, entertainment, and sporting venues. I-435 is less than five minutes away, connecting the property with the Kansas City metro and Johnson County. Kansas City International Airport is approximately a 20-minute drive. The listing covers an individual side, while both sides of the duplex are available for purchase.
The property is located at 3842 N 123rd Street in Kansas City, Kansas, near The Legends shopping, dining, entertainment, and sporting venues. I-435 is less than five minutes away, connecting the property with the Kansas City metro and Johnson County. Kansas City International Airport is approximately a 20-minute drive. The listing covers an individual side, while both sides of the duplex are available for purchase.
Key Highlights
- Individual side of a duplex built in 2006
- Three bedrooms and 2.5 bathrooms
- Unfinished basement with potential for additional living areas
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $21.6k | $15.15 |
| − OpEx | −$9.7k | −$6.82 |
| NOI | $11.9k | $8.33 |
1,428 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$169.9K
$148.7K – $198.3K
NOI $11,896 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.6K
$207.0K – $276.0K
NOI $16,561 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 66109, KS
26,160
Population
10,206
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
45.9 sq mi
ZIP Area
570
Density / Sq Mi
$101,830
Median Household Income
$50,342
Median Earnings
$1,626
Median Rent
$255,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Individual side of a duplex with an unfinished basement and access to a large yard.
Where is this residential income property located?
The property is located at 3842 N 123rd Street Kansas City, KS.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Individual side of a duplex built in 2006; Three bedrooms and 2.5 bathrooms; Unfinished basement with potential for additional living areas
