Duplex with Fenced
For Sale
$249,950
847 E Pinewood Street, Gardner, KS 66030
Residential, Traditional, Gardner, KS
Property Size1,548 SF
Lot Size0.15 Acres
Price / SF$161.47
Days on Market8
Property Features for 847 E Pinewood Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Basement, Bedroom 1
Patio and Porch features
Deck
Interior features
Painted Cabinets
Basement
Finished
Appliances
Dishwasher, Electric Range
Subdivision
Pinewood
Lot features
City Limits, Corner Lot
Elementary school
Grand Star
Middle school
Trailridge
High school
Gardner Edgerton
Elementary school district
Gardner Edgerton
Middle school district
Gardner Edgerton
High school district
Gardner Edgerton
Directions
Main St to Moonlight, South to Pinewood St. Property on the SW Corner
Standard status
Active
APN
CP73500002-0001A
Size
1,548 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
PINEWOOD PT LT 1 BLK 2 BG SE CR LT 1 WLY 55.22' NLY 120' ELY 55.47' SLY 120' TO POB GAC 99 2 2 1A
Tax Annual Amount
2476
Legal Description
PINEWOOD PT LT 1 BLK 2 BG SE CR LT 1 WLY 55.22' NLY 120' ELY 55.47' SLY 120' TO POB GAC 99 2 2 1A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
fully fenced backyard
chicken/duck pen
deck with slide
Building Details
Year built
1981
Flooring type
Vinyl, Carpet
Building materials
Board & Batten Siding, Brick Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
ReeceNichols- Leawood Town Center · Reece & Nichols
(913) 345-0700
Listed By:
Valerie McClaskey · License #SP00236824
(702) 788-8818
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 23 at 3:06AM
MLS# 2637199
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 duplex contains 1,548 square feet of property area on a 0.1525-acre lot. The layout includes five bedrooms, with two identified as non-conforming, along with two bathrooms, a basement, painted cabinets, vinyl and carpet flooring, an electric range, and a dishwasher. Forced-air heating and electric cooling serve the home. A composition roof, board and batten siding, and brick veneer complete the exterior.
Outdoor improvements include a large fully fenced backyard, deck, and a dedicated chicken or duck pen. The property is connected to public water and public sewer. Built in 1981, it is located at 847 E Pinewood Street in Gardner, Kansas, near schools, shopping, dining, parks, community amenities, and the Gardner Edgerton County Fair.
Outdoor improvements include a large fully fenced backyard, deck, and a dedicated chicken or duck pen. The property is connected to public water and public sewer. Built in 1981, it is located at 847 E Pinewood Street in Gardner, Kansas, near schools, shopping, dining, parks, community amenities, and the Gardner Edgerton County Fair.
Key Highlights
- Duplex with 1,548 square feet of property area
- 0.1525‑acre lot with a fully fenced backyard
- Five bedrooms total, including 2 non‑conforming bedrooms
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
$16,589
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
6.64%
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%
$331,780
$331.8K
Cap Rate 7%
$236,986
$237.0K
Cap Rate 9%
$184,322
$184.3K
Market Conditions
NOI Build-Up for 1,548 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
$25.1K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$23.7K $15.31/SF
− OpEx
−$7.1K −$4.59/SF
NOI
$16.6K $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 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%
$331,780
Cap Rate 7%
$236,986
Cap Rate 9%
$184,322
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.4K
NOI $15,561 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$374.6K
$327.8K – $437.1K
NOI $26,225 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 66030, KS
25,164
Population
9,319
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
96%
High-School Grad
46.4 sq mi
ZIP Area
542
Density / Sq Mi
$93,891
Median Household Income
$48,661
Median Earnings
$1,306
Median Rent
$281,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible five-bedroom layout with outdoor space for recreation, gardening, entertaining, and additional living needs.
Where is this duplex located?
The property is located at 847 E Pinewood Street Gardner, KS.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: Duplex with 1,548 square feet of property area; 0.1525‑acre lot with a fully fenced backyard; Five bedrooms total, including 2 non‑conforming bedrooms
