New Half Duplex with
515 W Smith Street Spring Hill, KS 66083
For Sale
$279,900
Pending
DUPLEX - Other - Spring Hill, KS
Property Size1,216 SF
Lot Size0.11 Acres
Days on Market307
Property Features for 515 W Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1, Bedroom 1, Dining Room, Bedroom 2
Parking features
Garage
Basement
Unfinished, Concrete, Sump Pump
Appliances
Dishwasher, Disposal, Microwave, Electric Range
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, west side
Tax Annual Amount
2500
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
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 · License #SP00049676
(816) 820-1490
Added: Sep 26, 2025
Changed: Jul 28
Last Checked: Jul 29 at 6:06PM
MLS# 2577920
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 new construction half duplex features an open split plan with the living room flowing into the dining and kitchen area. The kitchen includes granite counters, an island, and a stainless appliance package with ample storage. Off the dining area are two bedrooms and a full bath. The builder is finishing a walkout lower level and adding an additional full bathroom.
The home also includes a sub-basement for storage.
The property is listed as a duplex/residential income half duplex configuration and is offered for sale in Spring Hill, Kansas.
The home also includes a sub-basement for storage.
The property is listed as a duplex/residential income half duplex configuration and is offered for sale in Spring Hill, Kansas.
Key Highlights
- New construction half duplex under construction with Year Built 2026
- Open split plan layout from living room to dining and kitchen area
- Kitchen features granite counters, island, and stainless appliance package
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 | $19.7k | $16.20 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $18.6k | $15.31 |
| − OpEx | −$5.6k | −$4.59 |
| NOI | $13.0k | $10.72 |
1,216 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$186.2K
$162.9K – $217.2K
NOI $13,031 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,224 @ 7.0% cap · market cap 4.37%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - New construction half duplex with split open living area, granite counters, and a finished walkout lower level.
Where is this duplex located?
The property is located at 515 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: New construction half duplex under construction with Year Built 2026; Open split plan layout from living room to dining and kitchen area; Kitchen features granite counters, island, and stainless appliance package
