Residential Income Property with
For Sale
$279,900
Pending
513 W Smith Street, Spring Hill, KS 66083
Residential, Traditional, Spring Hill, KS
Property Size1,216 SF
Lot Size0.11 Acres
Days on Market399
Property Features for 513 W Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Dining Room
Parking features
Garage
Basement
Concrete, Sump Pump
Appliances
Dishwasher, Disposal, Microwave, Electric Range
Subdivision
Spring Hill
Lot features
City Lot, Level
Elementary school
Spring Hill
Middle school
Spring Hill
High school
Spring Hill
Elementary school district
Spring Hill
Middle school district
Spring Hill
High school district
Spring Hill
Directions
From Webster right on Lawrence to Jackson, right to Smith home is on the left.
Standard status
Pending
APN
999999
Size
1,216 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
HECKE'S FIRST ADDITION TO SPRING HILL, LOT 1, East side
Tax Annual Amount
2500
Legal Description
HECKE'S FIRST ADDITION TO SPRING HILL, LOT 1, East side
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Electric
Water source
Public
Amenities
granite counter tops
stainless appliance package
generous cabinet space
finished walkout lower level
sub basement
Building Details
Year built
2026
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 906-5400
Listed By:
Kim Nofsinger
(816) 820-1490
Added: Sep 26, 2025
Changed: Oct 27
Last Checked: Oct 29 at 9:06AM
MLS# 2576318
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 1,216-square-foot half duplex is under construction and has a split-plan main floor with two bedrooms and a full bathroom. The living room connects openly with the kitchen and dining area; kitchen features include granite countertops, stainless appliances, and ample cabinetry. A finished walkout lower level adds a second full bathroom, while a sub-basement provides additional storage. The home is on a 0.1103-acre lot and is served by public water and sewer.
Key Highlights
- 1,216‑square‑foot half duplex under construction
- Two main‑floor bedrooms and a full bathroom
- Finished walkout lower level with a second full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,224
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,480
$244.5K
Cap Rate 7%
$174,629
$174.6K
Cap Rate 9%
$135,822
$135.8K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$23.1K $18.96/SF
− Vacancy
−$830 −$0.68/SF
EGI
$22.2K $18.28/SF
− OpEx
−$10.0K −$8.22/SF
NOI
$12.2K $10.05/SF
Area
Johnson County, KS
Vacancy
3.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,480
Cap Rate 7%
$174,629
Cap Rate 9%
$135,822
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,224 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.3K
$257.5K – $343.4K
NOI $20,601 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
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Business Placement
Demographics for 66083, KS
11,379
Population
4,677
Households
2.4
Avg Household Size
38
Median Age
44%
College-Educated
97%
High-School Grad
62.0 sq mi
ZIP Area
184
Density / Sq Mi
$109,939
Median Household Income
$51,924
Median Earnings
$1,118
Median Rent
$340,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom main level opens between the living area, kitchen, and dining space.
Where is this residential income property located?
The property is located at 513 W Smith Street Spring Hill, KS.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,216‑square‑foot half duplex under construction; Two main‑floor bedrooms and a full bathroom; Finished walkout lower level with a second full bathroom
