Brick Duplex with Vaulted Great
New
For Sale
$529,000
5204 W 112th Street, Leawood, KS 66211
Residential, Traditional, Leawood, KS
Property Size1,838 SF
Lot Size0.20 Acres
Price / SF$287.81
Days on Market1
Property Features for 5204 W 112th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 3, Dining Room
Parking features
Open, Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s)
Fireplace
1
Basement
Full, Concrete
Appliances
Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Electric Range, Free-Standing Electric Oven
Subdivision
Leawood Country Manor
Lot features
City Lot, Many Trees
Elementary school
Leawood
Middle school
Leawood Middle
High school
Blue Valley North
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
From Nall, take 112th Street East to home on left (North) side of 112th Street.
Standard status
Active
APN
HP27000003 0017A
Size
1,838 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
LEAWOOD COUNTRY MANOR THIRD PLAT LT 17 BLK 3 EX BG MOST ELY CR NW 179.01' SW 47.29' & 45.4' SE TO A PT ON S/L LT 17 NE 54' TO BG LWC 406 1 3 17A
Tax Annual Amount
5535
HOA Fee
$200 Monthly
Legal Description
LEAWOOD COUNTRY MANOR THIRD PLAT LT 17 BLK 3 EX BG MOST ELY CR NW 179.01' SW 47.29' & 45.4' SE TO A PT ON S/L LT 17 NE 54' TO BG LWC 406 1 3 17A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
fireplace
vaulted ceiling
hardwood floors
patio
laundry closet
Building Details
Year built
1980
Flooring type
Tile, Wood, Carpet
Building materials
Brick/Mortar
Roof type
Composition
Architectural style
Other
Listing Agency:
Compass Realty Group
(816) 280-2773
Listed By:
Monica Lazkani
(913) 710-4754
Added: Aug 20
Last Checked: Aug 20 at 11:06PM
MLS# 2637778
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 1,838-square-foot duplex at 5204 W 112th Street features brick/mortar construction, a 0.2033-acre lot, and a 1980 build date. The main level combines refinished wood flooring with a primary suite opening directly to the patio, a dining area connected to the great room, vaulted ceilings, a fireplace, and abundant natural light. A powder room with a laundry closet completes the main floor.
The upper level contains two bedrooms and a shared bathroom with a double vanity. A basement adds nearly 1,200 square feet of storage or flexible space. The property also includes a flat driveway, an extra-deep two-car garage, public water and sewer, forced-air heating, electric cooling, and a composition roof. Hwy 435 is a few minutes north, while Town Center Plaza is described as a 15-minute walk south.
The upper level contains two bedrooms and a shared bathroom with a double vanity. A basement adds nearly 1,200 square feet of storage or flexible space. The property also includes a flat driveway, an extra-deep two-car garage, public water and sewer, forced-air heating, electric cooling, and a composition roof. Hwy 435 is a few minutes north, while Town Center Plaza is described as a 15-minute walk south.
Key Highlights
- 1,838‑square‑foot duplex on a 0.2033‑acre lot
- Nearly 1,200 additional square feet in the basement
- Primary suite provides direct access to the patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,940
$393.9K
Cap Rate 7%
$281,386
$281.4K
Cap Rate 9%
$218,856
$218.9K
Market Conditions
NOI Build-Up for 1,838 SF
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.
Gross rent
$29.8K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$28.1K $15.31/SF
− OpEx
−$8.4K −$4.59/SF
NOI
$19.7K $10.72/SF
Area
Johnson County, KS
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,940
Cap Rate 7%
$281,386
Cap Rate 9%
$218,856
Alternative Uses
Best Use
Multifamily LT 5
$281.4K
$246.2K – $328.3K
NOI $19,697 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$264.0K
$231.0K – $308.0K
NOI $18,477 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$444.8K
$389.2K – $519.0K
NOI $31,138 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 66211, KS
4,917
Population
2,963
Households
1.7
Avg Household Size
50
Median Age
77%
College-Educated
99%
High-School Grad
4.3 sq mi
ZIP Area
1,143
Density / Sq Mi
$110,662
Median Household Income
$72,417
Median Earnings
$1,494
Median Rent
$589,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Attached residential layout includes patio access from the primary suite and an extra-deep two-car garage.
Where is this duplex located?
The property is located at 5204 W 112th Street Leawood, KS.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,838‑square‑foot duplex on a 0.2033‑acre lot; Nearly 1,200 additional square feet in the basement; Primary suite provides direct access to the patio
