Two-Story
For Sale
$250,000
6241 Rene Street, Shawnee, KS 66203
Residential, Contemporary, Traditional, Shawnee, KS
Property Size1,277 SF
Lot Size0.14 Acres
Price / SF$195.77
Days on Market47
Property Features for 6241 Rene Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Dining Room, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Family Room
Parking features
Off Street, Garage
Window features
Skylight(s)
Patio and Porch features
Patio, Deck
Interior features
Walk-In Closet(s)
Fireplace
1
Basement
Concrete
Subdivision
Greenwood Square
Elementary school
Broken Arrow
Middle school
Trailridge
High school
SM Northwest
Elementary school district
Shawnee Mission
Middle school district
Shawnee Mission
High school district
Shawnee Mission
Directions
435 to Shawnee Mission Parkway, east to Pflumm, left on Pflumm, left on 63rd St, right on Rene to the home, 2nd building on the right, left side of the Duplex. Seller is out of town; please give 48 hr expiration on offers.
Standard status
Active
APN
QP24400000-0019
Size
1,277 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
GREENWOOD SQUARE N1/2 LT 19 SHC 226 A 19
Tax Annual Amount
2862
Legal Description
GREENWOOD SQUARE N1/2 LT 19 SHC 226 A 19
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
brick fireplace
large backyard
Building Details
Year built
1984
Flooring type
Carpet
Building materials
Board & Batten Siding, Shingle Siding
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Quinn Real Estate Co
(913) 681-1230
Listed By:
Lori Barngrover · License #SP00222274
(913) 522-7356
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 6 at 8:06AM
MLS# 2631992
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 1,277-square-foot contemporary half-duplex, built in 1984, offers a two-level layout with an open main floor and a vaulted living room featuring a brick fireplace. The kitchen connects with the dining area, while two bedrooms and two full bathrooms are located upstairs. A main-level half bath, walk-in closet, basement, carpet flooring, natural gas heat, and electric cooling add to the functional configuration.
The property sits on a 0.1394-acre lot at 6241 Rene Street in Shawnee, with public water and public sewer service. Outdoor features include a patio, deck, and large backyard. Parking is provided by a one-car garage and off-street spaces, and the property has no HOA.
The property sits on a 0.1394-acre lot at 6241 Rene Street in Shawnee, with public water and public sewer service. Outdoor features include a patio, deck, and large backyard. Parking is provided by a one-car garage and off-street spaces, and the property has no HOA.
Key Highlights
- 1,277‑square‑foot two‑story half‑duplex built in 1984
- 0.1394‑acre lot at 6241 Rene Street, Shawnee, KS 66203
- Vaulted living room with brick fireplace and open main‑floor plan
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
$12,837
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
5.13%
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%
$256,740
$256.7K
Cap Rate 7%
$183,386
$183.4K
Cap Rate 9%
$142,633
$142.6K
Market Conditions
NOI Build-Up for 1,277 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
$24.2K $18.96/SF
− Vacancy
−$872 −$0.68/SF
EGI
$23.3K $18.28/SF
− OpEx
−$10.5K −$8.22/SF
NOI
$12.8K $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 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%
$256,740
Cap Rate 7%
$183,386
Cap Rate 9%
$142,633
Alternative Uses
Best Use
Apartment 5plus
$183.4K
$160.5K – $214.0K
NOI $12,837 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.1K
$270.4K – $360.6K
NOI $21,634 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 66203, KS
19,439
Population
8,419
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
6.3 sq mi
ZIP Area
3,086
Density / Sq Mi
$76,590
Median Household Income
$45,615
Median Earnings
$1,183
Median Rent
$235,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary residential income property with vaulted living space, private outdoor area, garage parking, and no HOA.
Where is this residential income property located?
The property is located at 6241 Rene Street Shawnee, KS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,277‑square‑foot two‑story half‑duplex built in 1984; 0.1394‑acre lot at 6241 Rene Street, Shawnee, KS 66203; Vaulted living room with brick fireplace and open main‑floor plan
