Duplex with Finished Lower
New
For Sale
$260,000
7507 Long Avenue, Lenexa, KS 66216
Residential, Traditional, Lenexa, KS
Property Size1,906 SF
Lot Size0.23 Acres
Price / SF$136.41
Days on Market7
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Property Features for 7507 Long Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Family Room, Bedroom 2, Bathroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 3
Parking features
Garage
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s)
Fireplace
1
Basement
Full, Concrete, Finished
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven
Subdivision
Williamsburg Estates
Lot features
City Lot
Elementary school
Shawanoe
Middle school
Trailridge
High school
SM Northwest
Elementary school district
Shawnee Mission
Middle school district
Shawnee Mission
High school district
Shawnee Mission
Directions
75TH WEST TO LONG SOUTH TO HOME
Standard status
Active
APN
IP85200002 0002
Size
1,906 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Williamsburg Estates Lt 2 Blk 2 Lec
Tax Annual Amount
1904
Legal Description
Williamsburg Estates Lt 2 Blk 2 Lec
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
fenced backyard
built-in bar
countertop seating
shelving
Building Details
Year built
1978
Flooring type
Laminate, Carpet
Building materials
Concrete, Frame, Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams KC North · Keller Williams Realty
(816) 452-4200
Listed By:
Jesse Burwell
(816) 728-2174
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 15 at 2:06PM
MLS# 2641254
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 1,906-square-foot duplex was built in 1978 and includes three bedrooms, three bathrooms, and a finished lower level. The basement features a built-in bar with counter seating and shelving, along with wood accents. A patio, fenced backyard, and garage provide additional property features.
The 0.23-acre property is served by public water and sewer. Interior features include vaulted ceilings, a pantry, ceiling fans, laminate and carpet flooring, forced-air heat, and electric cooling. A fireplace is also present.
The 0.23-acre property is served by public water and sewer. Interior features include vaulted ceilings, a pantry, ceiling fans, laminate and carpet flooring, forced-air heat, and electric cooling. A fireplace is also present.
Key Highlights
- 1,906 square feet with 3 bedrooms and 3 bathrooms
- Finished lower level with built‑in bar, counter seating, and shelving
- 0.23‑acre lot with fenced backyard and patio
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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Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement with a built-in bar adds flexible recreation space to this three-bedroom property.
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 with 3 bedrooms and 3 bathrooms; Finished lower level with built‑in bar, counter seating, and shelving; 0.23‑acre lot with fenced backyard and patio
