Updated Duplex with Expansive
New
For Sale
$425,000
7707 W 149th St, Overland Park, KS 66223
Main-floor primary bedroom, vaulted ceilings, refreshed interiors, and a corner cul-de-sac setting support comfortable everyday living.
Property Size2,085 SF
Lot Size0.20 Acres
Price / SF$203.84
Days on Market3
Property Features for 7707 W 149th St
General Information
Standard status
Active
Size
2,085 SF
Total Parking Spaces
2
Lot size
0.20 Acres
Property subtype
Multi-Family
Additional Details
Asking Price
$425,000
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1999
Listing Agency:
RE/MAX Elite, Realtors
(816) 616-2167
Listed By:
Ask Cathy
(816) 268-4033
Source:
Askcathy
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 21 at 5:59AM
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 RE/MAX Elite, Realtors
Investment Insights
Based on property information with market context.
This 2,085-square-foot duplex, built in 1999, combines a main-floor primary bedroom with an open living area, high vaulted ceilings, and a breakfast bar connecting the kitchen and living spaces. Interior improvements include fresh paint, new flooring, and new kitchen appliances. The lower level adds substantial open space with high ceilings and an epoxy-coated floor, while a new roof, new HVAC system, and brand-new deck extend the recent updates. A 2-car garage also features an epoxy-coated floor.
The property occupies a .2-acre corner lot on a cul-de-sac at 7707 W 149th St in Overland Park. It is located within the Blue Valley School District. HOA services include lawn mowing and trash service, reducing the need for routine exterior upkeep.
The property occupies a .2-acre corner lot on a cul-de-sac at 7707 W 149th St in Overland Park. It is located within the Blue Valley School District. HOA services include lawn mowing and trash service, reducing the need for routine exterior upkeep.
Key Highlights
- 2,085 SF duplex built in 1999
- 3‑bedroom, 2‑bath layout with a main‑floor primary bedroom
- Expansive lower level with high ceilings and epoxy‑coated floor
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
$23,828
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
5.61%
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%
$476,560
$476.6K
Cap Rate 7%
$340,400
$340.4K
Cap Rate 9%
$264,756
$264.8K
Market Conditions
NOI Build-Up for 2,085 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
$36.3K $17.40/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$34.0K $16.33/SF
− OpEx
−$10.2K −$4.90/SF
NOI
$23.8K $11.43/SF
Area
Overland Park, KS
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$476,560
Cap Rate 7%
$340,400
Cap Rate 9%
$264,756
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.1K
NOI $23,828 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$312.5K
$273.4K – $364.6K
NOI $21,873 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$537.2K
$470.1K – $626.8K
NOI $37,605 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 66223, KS
24,843
Population
10,626
Households
2.3
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
6.2 sq mi
ZIP Area
4,007
Density / Sq Mi
$113,707
Median Household Income
$70,290
Median Earnings
$1,697
Median Rent
$402,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Main-floor primary bedroom, vaulted ceilings, refreshed interiors, and a corner cul-de-sac setting support comfortable everyday living.
Where is this duplex located?
The property is located at 7707 W 149th St Overland Park, KS.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,085 SF duplex built in 1999; 3‑bedroom, 2‑bath layout with a main‑floor primary bedroom; Expansive lower level with high ceilings and epoxy‑coated floor
