New Duplex with Covered
508 W Shawnee Street Paola, KS 66071
For Sale
$290,000
DUPLEX - Other - Paola, KS
Property Size2,500 SF
Lot Size0.13 Acres
Price / SF$116
Days on Market126
Property Features for 508 W Shawnee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
Ceiling Fan(s), Kitchen Island, Painted Cabinets, Pantry, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Standard status
Active
APN
999999
Size
2,500 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3500
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
KW Diamond Partners
(913) 322-7500
Listed By:
Jennifer Karr · License #SP00221503
(913) 406-3379
Added: Mar 27
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 2609871
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.
Built in 2024, this newer duplex is move-in ready and offers approximately 2,500 square feet of living space. The layout includes four bedrooms and three ensuite bathrooms, with a kitchen that opens to the living and dining areas. A covered porch extends outdoor space for relaxing, providing a practical, comfortable area just off the main living areas.
The property is located at 508 W Shawnee Street in Paola, Kansas (Miami County). Lot size is listed at 0.1263 acres, supporting a compact, manageable residential footprint.
Offered for sale, this duplex is configured for occupants seeking multiple ensuite bedrooms within a single well-designed home-style arrangement.
The property is located at 508 W Shawnee Street in Paola, Kansas (Miami County). Lot size is listed at 0.1263 acres, supporting a compact, manageable residential footprint.
Offered for sale, this duplex is configured for occupants seeking multiple ensuite bedrooms within a single well-designed home-style arrangement.
Key Highlights
- Built in 2024, 2,500 SF home with 4 bedrooms and 3 ensuite bathrooms
- Kitchen features include a kitchen island, pantry, and painted cabinets
- Appliances include dishwasher, disposal, microwave, and electric range with stainless steel appliance(s)
Financial Insights For Multifamily LT 5
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 | $40.5k | $16.20 |
| − Vacancy | −$2.5k | −$1.00 |
| EGI | $38.0k | $15.20 |
| − OpEx | −$11.4k | −$4.56 |
| NOI | $26.6k | $10.64 |
2,500 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,141 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office B
$491.8K
$430.3K – $573.8K
NOI $34,425 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built in 2024, this duplex features four bedrooms, three ensuite bathrooms, and a covered porch.
Where is this duplex located?
The property is located at 508 W Shawnee Street Paola, KS.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Built in 2024, 2,500 SF home with 4 bedrooms and 3 ensuite bathrooms; Kitchen features include a kitchen island, pantry, and painted cabinets; Appliances include dishwasher, disposal, microwave, and electric range with stainless steel appliance(s)
