Updated Duplex with Expansive
New
For Sale
$425,000
7707 W 149th Street, Overland Park, KS 66223
Residential, Contemporary, Traditional, Overland Park, KS
Property Size2,085 SF
Lot Size0.20 Acres
Price / SF$203.84
Days on Market5
Property Features for 7707 W 149th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Basement, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Pantry, Stained Cabinets, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Sat Dish Allowed
Fireplace
1
Basement
Unfinished, Full, Sump Pump, Concrete
Appliances
Dishwasher, Microwave, Refrigerator, Electric Range
Subdivision
Heatherwood
Lot features
City Limits, City Lot, Corner Lot, Cul-De-Sac
Elementary school
Lakewood
Middle school
Lakewood
High school
Blue Valley West
Elementary school district
Blue Valley
Middle school district
Blue Valley
High school district
Blue Valley
Directions
From US 69 Highway exit on 151st Street and head East upon exiting the highway. Head East on 151st St and go a mile to Metcalf Ave and turn left (North). Head North on Metcalf Ave and go 0.3 Miles to W 149th St and turn left (West). Continue West on 149th street to the stop sign and the Newtown St intersection. Take a slight left and then a slight right to continue onto 149th St and house will be on the left-hand side.
Standard status
Active
APN
NP30450000-0060A
Size
2,085 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
HEATHERWOOD SECOND PLAT LT 60 EX BG SW CR NW 178.91' NE 7.42' & 31.62' SE 158.31' TO E/L SW 61.28' W 13.37' TO POB OPC 617 60A
Tax Annual Amount
4725
HOA Fee
$900 Annually
Legal Description
HEATHERWOOD SECOND PLAT LT 60 EX BG SW CR NW 178.91' NE 7.42' & 31.62' SE 158.31' TO E/L SW 61.28' W 13.37' TO POB OPC 617 60A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Amenities
deck
basement
HOA lawn mowing
HOA trash service
Building Details
Year built
1999
Flooring type
Tile, Vinyl, Carpet, Ceramic floor
Building materials
Frame, Stucco, Vinyl Siding
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Brookside Real Estate Co.
(816) 333-3330
Listed By:
Aaron Speier · License #SP00235808
(785) 249-9948
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 21 at 9:06PM
MLS# 2642441
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 3-bedroom, 2-bath duplex offers 2,085 square feet with a main-floor primary bedroom, an open living and kitchen arrangement, vaulted ceilings, and a breakfast bar. Interior improvements include new flooring, fresh paint, and new kitchen appliances. The expansive basement has high ceilings, an epoxy-coated floor, and open space suitable for recreation, exercise, office, hobby, workshop, or storage use. Additional features include a 2-car garage with an epoxy-coated floor, a fireplace, and a new deck.
The property occupies a 0.2-acre corner lot on a cul-de-sac in Overland Park. A new roof and HVAC system add to the recent improvements, while HOA services include lawn mowing and trash service. Public water and public sewer serve the property.
The property occupies a 0.2-acre corner lot on a cul-de-sac in Overland Park. A new roof and HVAC system add to the recent improvements, while HOA services include lawn mowing and trash service. Public water and public sewer serve the property.
Key Highlights
- 3‑bedroom, 2‑bath duplex with 2,085 square feet
- Main‑floor primary bedroom and open living area with vaulted ceilings
- Expansive basement 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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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with main-floor primary living, open interiors, and a corner cul-de-sac lot.
Where is this duplex located?
The property is located at 7707 W 149th Street 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: 3‑bedroom, 2‑bath duplex with 2,085 square feet; Main‑floor primary bedroom and open living area with vaulted ceilings; Expansive basement with high ceilings and epoxy‑coated floor
