Under-Construction
For Sale
$525,000
Pending
9853 Greeley Street, Lenexa, KS 66227
Residential, Traditional, Lenexa, KS
Property Size2,080 SF
Days on Market96
Property Features for 9853 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 1, Bathroom 3, Bedroom 3, Game Room, Bathroom 2, Basement, Bedroom 1, Bedroom 2, Dining Room
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 exit, Prairie Star Parkway to Clare Road (past St. James Highschool) south to subdivision.
Standard status
Pending
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
Wood, Carpet, Tile
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: Jul 29
Changed: Oct 23
Last Checked: Nov 1 at 4:06PM
MLS# 2634041
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 duplex is under construction with 2,080 square feet of space and a planned 2026 completion year. The interior includes three bedrooms, three bathrooms, a dining room, basement, and game room. Kitchen details include an island, pantry, painted cabinetry, and stainless steel appliances. A deck extends the living area outdoors, while a driveway provides on-site parking.
Construction uses stucco and frame materials, with wood, tile, and carpet flooring. The property is designed with natural-gas heating, electric cooling, a composition roof, public water, and public sewer. It is located in Lenexa, Kansas, within Johnson County.
Construction uses stucco and frame materials, with wood, tile, and carpet flooring. The property is designed with natural-gas heating, electric cooling, a composition roof, public water, and public sewer. It is located in Lenexa, Kansas, within Johnson County.
Key Highlights
- Duplex with 2,080 square feet
- Under construction with 2026 year built
- Three bedrooms and three bathrooms
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Planned features include a basement game room, deck, and driveway parking.
Where is this duplex located?
The property is located at 9853 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: Duplex with 2,080 square feet; Under construction with 2026 year built; Three bedrooms and three bathrooms
