New Construction Duplex
509 W Smith Street Spring Hill, KS 66083
For Sale
$299,950
Pending
DUPLEX - Other - Spring Hill, KS
Property Size1,120 SF
Lot Size0.11 Acres
Days on Market352
Property Features for 509 W Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Dining Room, Bedroom 2, Laundry Room, Bathroom 3
Parking features
Garage
Patio and Porch features
Patio
Basement
Concrete, Full
Standard status
Pending
APN
EP49000000-0002
Size
1,120 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
HECKE'S FIRST ADDITION TO SPRING HILL, LOT 2, East portion
Tax Annual Amount
2500
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2025
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 906-5400
Listed By:
Kim Nofsinger · License #SP00049676
(816) 820-1490
Added: Aug 12, 2025
Changed: Jul 28
Last Checked: Jul 29 at 6:06PM
MLS# 2568748
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 move-in ready, newly constructed two-story duplex offers an open main floor with a wall of windows overlooking the backyard. The kitchen includes stainless steel appliances and granite countertops. The home is laid out with two bedrooms and two and a half bathrooms, with the second level providing two bedrooms and two bathrooms.
An unfinished lower level adds additional storage or room to grow. The property is located at 509 W Smith Street in Spring Hill, Kansas (Johnson County).
With a 2-bedroom, 2.5-bath configuration and added flexibility from the unfinished lower level, the layout is designed to support everyday living while leaving space for future expansion.
An unfinished lower level adds additional storage or room to grow. The property is located at 509 W Smith Street in Spring Hill, Kansas (Johnson County).
With a 2-bedroom, 2.5-bath configuration and added flexibility from the unfinished lower level, the layout is designed to support everyday living while leaving space for future expansion.
Key Highlights
- New construction 2‑story home built in 2025 with 2 bedrooms and 2.5 bathrooms
- Kitchen includes stainless steel appliances and granite countertops
- Open main floor with a wall of windows overlooking the backyard
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 | $18.1k | $16.20 |
| − Vacancy | −$998 | −$0.89 |
| EGI | $17.1k | $15.31 |
| − OpEx | −$5.1k | −$4.59 |
| NOI | $12.0k | $10.72 |
1,120 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.0K – $200.0K
NOI $12,002 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$160.8K
$140.7K – $187.7K
NOI $11,259 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$271.1K
$237.2K – $316.2K
NOI $18,974 @ 7.0% cap · market cap 6.33%
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 - Move-in ready two-story duplex with stainless/granite kitchen, open main level windows, and an unfinished lower level for storage.
Where is this duplex located?
The property is located at 509 W Smith Street Spring Hill, KS.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: New construction 2‑story home built in 2025 with 2 bedrooms and 2.5 bathrooms; Kitchen includes stainless steel appliances and granite countertops; Open main floor with a wall of windows overlooking the backyard
