Duplex with Finished
For Sale
$269,950
513 S Cardinal Drive, Olathe, KS 66062
Residential, Traditional, Olathe, KS
Property Size1,909 SF
Lot Size0.12 Acres
Price / SF$141.41
Days on Market53
Property Features for 513 S Cardinal Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Basement, Bedroom 1, Family Room, Bedroom 2, Bathroom 2
Window features
Storm Window(s)
Patio and Porch features
Porch
Fencing
Privacy
Basement
Sump Pump, Concrete, Finished
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Free-Standing Electric Oven
Subdivision
Havencroft
Lot features
City Lot
Elementary school
Tomahawk
Middle school
Indian Trail
High school
Olathe North
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
I-35 east to Santa Fe to Lindenwood. South on Lindenwood to Cedar. West on Cedar to Cardinal Drive. South to home on west side.
Standard status
Active
APN
DP30000014-0013
Size
1,909 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
HAVENCROFT N 1/2 LT 13 BLK 14 OLC 634 14 13
Tax Annual Amount
2415
Legal Description
HAVENCROFT N 1/2 LT 13 BLK 14 OLC 634 14 13
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1969
Flooring type
Tile, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Amy Bible · License #SP00231630
(913) 548-6821
Added: Sep 10
Changed: Oct 29
Last Checked: Nov 1 at 4:06AM
MLS# 2641582
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.
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Investment Insights
Based on property information with market context.
This 1,909-square-foot duplex has three bedrooms and two full bathrooms, with a finished basement that adds flexible living space. Recent interior work includes fresh paint and carpet in the living room and bedrooms, luxury vinyl plank flooring in the kitchen and basement, and butcher-block kitchen counters. The kitchen has room for an island and a separate eating area. The basement features recessed lighting, and the washer and dryer are included.
Set on a 0.1239-acre lot, the property was built in 1969 and has vinyl siding, a covered porch, and privacy fencing. The windows were replaced within the last three years. Sewer work included a replacement line where needed and a recent cleanout. The seller also plans a new roof and recommended foundation work.
Set on a 0.1239-acre lot, the property was built in 1969 and has vinyl siding, a covered porch, and privacy fencing. The windows were replaced within the last three years. Sewer work included a replacement line where needed and a recent cleanout. The seller also plans a new roof and recommended foundation work.
Key Highlights
- 1,909 square feet of living space
- Three bedrooms and two full bathrooms
- Finished basement with recessed lighting and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,312
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,240
$406.2K
Cap Rate 7%
$290,171
$290.2K
Cap Rate 9%
$225,689
$225.7K
Market Conditions
NOI Build-Up for 1,909 SF
Gross rent
$30.9K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$29.0K $15.20/SF
− OpEx
−$8.7K −$4.56/SF
NOI
$20.3K $10.64/SF
Area
Olathe, KS
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,240
Cap Rate 7%
$290,171
Cap Rate 9%
$225,689
Alternative Uses
Best Use
Multifamily LT 5
$290.2K
$253.9K – $338.5K
NOI $20,312 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,671 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$564.2K
$493.7K – $658.2K
NOI $39,493 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Interior improvements include updated flooring, butcher-block kitchen counters, and a second full bathroom.
Where is this duplex located?
The property is located at 513 S Cardinal Drive Olathe, KS.
What is the asking price?
The asking price for this property is $269,950.
What are key features of this property?
This property features: 1,909 square feet of living space; Three bedrooms and two full bathrooms; Finished basement with recessed lighting and luxury vinyl plank flooring
