New Construction
9846 Greeley Street, Lenexa, KS 66227
For Sale
$525,000
Residential, Traditional, Lenexa, KS
Property Size2,080 SF
Price / SF$252.40
Days on Market141
Property Features for 9846 Greeley Street
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Fireplace
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Realty Executives · Realty Executives International
(913) 642-4888
Listed By:
Mandy Menghini
(913) 302-5899
Added: Jun 23
Changed: Oct 23
Last Checked: Nov 10 at 4:06AM
MLS# 2627734
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.
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Investment Insights
Based on property information with market context.
This under-construction duplex at 9846 Greeley Street features 2,080 square feet with a main-floor living arrangement. The primary and secondary bedrooms, laundry room, kitchen, and dining area are all located on the main level. The open kitchen includes a central island, pantry, painted cabinetry, stainless steel appliances, and a gas range. The lower level can include two additional bedrooms, with a fourth-bedroom upgrade available, along with a game room and additional bathrooms.
The home is planned for completion in late November 2026. A deck, driveway parking, fireplace, walk-in closet, tile, wood, and carpet flooring are included among the property features. Monthly HOA service includes lawn mowing and trash/recycle collection. Public water and public sewer serve the property, with natural-gas heating and electric cooling.
The home is planned for completion in late November 2026. A deck, driveway parking, fireplace, walk-in closet, tile, wood, and carpet flooring are included among the property features. Monthly HOA service includes lawn mowing and trash/recycle collection. Public water and public sewer serve the property, with natural-gas heating and electric cooling.
Key Highlights
- 2,080 square feet in an under‑construction duplex
- Primary and secondary bedrooms located on the main floor
- Main‑level laundry room and open kitchen‑dining layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,290
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,800
$445.8K
Cap Rate 7%
$318,429
$318.4K
Cap Rate 9%
$247,667
$247.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$33.7K $16.20/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$31.8K $15.31/SF
− OpEx
−$9.6K −$4.59/SF
NOI
$22.3K $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%
$445,800
Cap Rate 7%
$318,429
Cap Rate 9%
$247,667
Alternative Uses
Best Use
Multifamily LT 5
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,909 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$503.4K
$440.5K – $587.3K
NOI $35,238 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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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
$423,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Johnson County, KS
Properties on Market for Duplexes in Johnson County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Main-level living includes two bedrooms and a dedicated laundry room.
Where is this duplex located?
The property is located at 9846 Greeley Street Lenexa, KS.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,080 square feet in an under‑construction duplex; Primary and secondary bedrooms located on the main floor; Main‑level laundry room and open kitchen‑dining layout
