Renovated Duplex with New
For Sale
$245,000
718 S Stevenson Street, Olathe, KS 66061
Residential, Olathe, KS
Property Size1,144 SF
Lot Size0.21 Acres
Price / SF$214.16
Days on Market51
Property Features for 718 S Stevenson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Basement
Full
Subdivision
Lakeside Acres
Elementary school
Central
Middle school
Oregon Trail
High school
Olathe North
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
Taking E Old 56 Hwy/ Old 56 Highway, turn right onto S Harrison St, turn right onto Sheridan St, turn right onto South Stevenson. House will be on your left.
Standard status
Active
APN
DP39000000-0012B
Size
1,144 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
LAKE SIDE ACRES PT LT 12 BG SW CR N 34.9' E 259.76' S 34.9' W 259.48' TO POB OLC 358 12 1 1
Tax Annual Amount
2399
Legal Description
LAKE SIDE ACRES PT LT 12 BG SW CR N 34.9' E 259.76' S 34.9' W 259.48' TO POB OLC 358 12 1 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1971
Building materials
Brick/Mortar
Roof type
Composition
Buildings
1
Listing Agency:
KW KANSAS CITY METRO · Keller Williams Realty
(913) 825-7500
Listed By:
Seddik Messaoudene · License #00248880
(913) 257-7516
Added: Sep 17
Changed: Oct 23
Last Checked: Nov 6 at 6:06AM
MLS# 2642336
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 renovated duplex offers 1,144 square feet on a 0.208-acre lot, with three bedrooms, 1.5 baths, living areas, a basement, and a second bathroom. Improvements include a new roof and deck, while brick and mortar construction provides the primary exterior finish. The property was built in 1971 and includes composition roofing, electric heating, and electric cooling.
Public water and public sewer serve the property. Its address is 718 S Stevenson Street in Olathe, Kansas 66061, within Johnson County. The location is described as close to schools, shopping, restaurants, parks, and everyday amenities.
Public water and public sewer serve the property. Its address is 718 S Stevenson Street in Olathe, Kansas 66061, within Johnson County. The location is described as close to schools, shopping, restaurants, parks, and everyday amenities.
Key Highlights
- Duplex with 1,144 square feet of property size
- 0.208‑acre lot in Olathe, Kansas
- Three bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,173
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,460
$243.5K
Cap Rate 7%
$173,900
$173.9K
Cap Rate 9%
$135,256
$135.3K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$18.5K $16.20/SF
− Vacancy
−$1.1K −$1.00/SF
EGI
$17.4K $15.20/SF
− OpEx
−$5.2K −$4.56/SF
NOI
$12.2K $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%
$243,460
Cap Rate 7%
$173,900
Cap Rate 9%
$135,256
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,173 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$151.3K
$132.4K – $176.5K
NOI $10,589 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$338.1K
$295.8K – $394.5K
NOI $23,667 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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Business Placement
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
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 - Updated brick-and-mortar duplex with public water and sewer.
Where is this duplex located?
The property is located at 718 S Stevenson Street Olathe, KS.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Duplex with 1,144 square feet of property size; 0.208‑acre lot in Olathe, Kansas; Three bedrooms and 1.5 baths
