Duplex with Finished Lower
For Sale
$260,000
7507 Long Avenue, Lenexa, KS 66216
A fenced backyard and built-in bar add outdoor and indoor gathering areas.
Property Size1,906 SF
Price / SF$136.41
Days on Market9
Property Features for 7507 Long Avenue
General Information
Standard status
Active
Size
1,906 SF
Property subtype
Duplex
Amenities
Ceiling Fan(s)
Pantry
Vaulted Ceiling(s)
Building Details
Building Size
1,906 SF
Year Built
1978
Stories
2
Listing Agency:
Keller Williams KC North
Listed By:
Jesse Burwell
(816) 452-4200
Source:
Browerrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams KC North
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Investment Insights
Based on property information with market context.
This 1,906-square-foot duplex was built in 1978 and includes a finished lower level with a built-in bar, countertop seating, and shelving. Wood accents distinguish the lower-level space, while the property also has a fenced backyard.
Key Highlights
- 1,906 square feet
- Finished lower level with built‑in bar, countertop seating, and shelving
- Fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,425
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,500
$408.5K
Cap Rate 7%
$291,786
$291.8K
Cap Rate 9%
$226,944
$226.9K
Market Conditions
NOI Build-Up for 1,906 SF
Gross rent
$30.9K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$29.2K $15.31/SF
− OpEx
−$8.8K −$4.59/SF
NOI
$20.4K $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 Rate 5%
$408,500
Cap Rate 7%
$291,786
Cap Rate 9%
$226,944
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,425 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,160 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$461.3K
$403.6K – $538.2K
NOI $32,290 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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Business Placement
Demographics for 66216, KS
25,169
Population
9,925
Households
2.5
Avg Household Size
41
Median Age
54%
College-Educated
96%
High-School Grad
7.9 sq mi
ZIP Area
3,186
Density / Sq Mi
$109,714
Median Household Income
$54,483
Median Earnings
$1,298
Median Rent
$324,900
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 - A fenced backyard and built-in bar add outdoor and indoor gathering areas.
Where is this duplex located?
The property is located at 7507 Long Avenue Lenexa, KS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,906 square feet; Finished lower level with built‑in bar, countertop seating, and shelving; Fenced backyard
