Half-Duplex Multifamily
New
For Sale
$349,950
7531 Mccoy St, Shawnee, KS 66227
Three-bedroom residence with two-and-a-half baths and a two-car garage in Shawnee’s De Soto School District.
Property Size1,714 SF
Price / SF$204.17
Days on Market2
Property Features for 7531 Mccoy St
General Information
Standard status
Active
Size
1,714 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
2019
Listing Agency:
Keller Williams Kc North
(816) 674-1929
Listed By:
Van Noy Real Estate
(913) 349-7580
Source:
Kchomelistings
Added: Sep 8
Last Checked: Sep 8 at 2:48PM
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
Investment Insights
Based on property information with market context.
Built in 2019, this half-duplex multifamily property offers three bedrooms, two full baths, one half bath, and a two-car garage. The residence is described as well maintained and provides a straightforward configuration for residential income ownership.
The property is located at 7531 McCoy St in Shawnee, Kansas, within the De Soto School District. Its established residential setting and duplex format support a practical multifamily profile.
The property is located at 7531 McCoy St in Shawnee, Kansas, within the De Soto School District. Its established residential setting and duplex format support a practical multifamily profile.
Key Highlights
- Half‑duplex property with three bedrooms and 2.5 baths
- Two‑car garage included
- Built in 2019
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
$17,230
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
4.92%
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%
$344,600
$344.6K
Cap Rate 7%
$246,143
$246.1K
Cap Rate 9%
$191,444
$191.4K
Market Conditions
NOI Build-Up for 1,714 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
$32.5K $18.96/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$31.3K $18.28/SF
− OpEx
−$14.1K −$8.22/SF
NOI
$17.2K $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%
$344,600
Cap Rate 7%
$246,143
Cap Rate 9%
$191,444
Alternative Uses
Best Use
Apartment 5plus
$246.1K
$215.4K – $287.2K
NOI $17,230 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 8.30%
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
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 66227, KS
8,476
Population
3,431
Households
2.5
Avg Household Size
41
Median Age
68%
College-Educated
100%
High-School Grad
13.3 sq mi
ZIP Area
637
Density / Sq Mi
$132,532
Median Household Income
$71,027
Median Earnings
$1,989
Median Rent
$423,000
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?
Multifamily property - Three-bedroom residence with two-and-a-half baths and a two-car garage in Shawnee’s De Soto School District.
Where is this multifamily property located?
The property is located at 7531 Mccoy St Shawnee, KS.
What is the asking price?
The asking price for this property is $349,950.
What are key features of this property?
This property features: Half‑duplex property with three bedrooms and 2.5 baths; Two‑car garage included; Built in 2019
