New Construction Duplex with Main-Floor
For Sale
$525,000
9851 Greeley Street, Lenexa, KS 66227
Residential, Traditional, Lenexa, KS
Property Size2,080 SF
Price / SF$252.40
Days on Market64
Property Features for 9851 Greeley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Game Room, Bedroom 3, Dining Room, Bathroom 2, Bathroom 1, Basement, Bedroom 2
Parking features
Driveway
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Kitchen Island, Painted Cabinets, Pantry, Walk-In Closet(s)
Fireplace
1
Basement
Finished
Appliances
Cooktop, Dishwasher, Disposal, Exhaust Fan, Humidifier, Microwave, Gas Range, Stainless Steel Appliance(s)
Subdivision
Wheatley Point West
Lot features
Adjoin Greenspace, City Lot, Cul-De-Sac, Sprinkler- In Ground
Elementary school
Canyon Creek
Middle school
Prairie Trail
High school
Olathe Northwest
Elementary school district
Olathe
Middle school district
Olathe
High school district
Olathe
Directions
K7 to Prairie Star Parkway, east through round-abouts to Clare Road, south on Clare Road to subdivision on right.
Standard status
Active
APN
IP84450000-0006
Size
2,080 SF
Taxes and HOA fees
HOA Fee
$200 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Tile, Wood, Carpet
Building materials
Stucco & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Realty Executives · Realty Executives International
(913) 642-4888
Listed By:
Mandy Menghini
(913) 302-5899
Added: Aug 13
Changed: Sep 12
Last Checked: Oct 15 at 10:06AM
MLS# 2636646
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 under-construction duplex property is planned with 2,080 square feet of living space and a main-floor layout that places the primary and secondary bedrooms alongside the laundry room. The open kitchen and dining area includes a central island, pantry, painted cabinetry, and stainless steel appliances. A lower-level game room and the option for 2 additional bedrooms provide added flexibility, with a 4th bedroom upgrade available. Interior finishes include carpet, tile, and wood flooring, while each residence also features a fireplace and deck.
The property is located at 9851 Greeley Street in Lenexa, Kansas, within Wheatley Point West. Public water and sewer service are planned, with natural-gas heating, electric cooling, a composition roof, and driveway parking. HOA services include lawn mowing and trash/recycle collection. The approximate close date is January 2027, and the stated year built is 2026.
The property is located at 9851 Greeley Street in Lenexa, Kansas, within Wheatley Point West. Public water and sewer service are planned, with natural-gas heating, electric cooling, a composition roof, and driveway parking. HOA services include lawn mowing and trash/recycle collection. The approximate close date is January 2027, and the stated year built is 2026.
Key Highlights
- 2,080‑square‑foot duplex property under construction
- Primary and secondary bedrooms plus laundry room on the main floor
- Lower level includes a game room and can include 2 additional bedrooms
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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Current Use
Location Intelligence
Trade Area within ½ mile
147
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
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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 - Twin-villa design offers main-level bedrooms, laundry, and an open kitchen-dining arrangement.
Where is this duplex located?
The property is located at 9851 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‑foot duplex property under construction; Primary and secondary bedrooms plus laundry room on the main floor; Lower level includes a game room and can include 2 additional bedrooms
