Under-Construction Duplex with
New
For Sale
$525,000
Pending
9853 Greeley Street, Lenexa, KS 66227
DUPLEX - Other - Lenexa, KS
Property Size2,080 SF
Days on Market5
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
Dining Room, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Game Room, Basement, Bathroom 3, 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 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
Carpet, Tile, Wood
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: Aug 1
Last Checked: Aug 2 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This under-construction duplex is positioned for a straightforward move-in timeline, with completion targeted to a 2026 build year. The interior features include ceiling fans, a kitchen island, pantry, painted cabinets, and walk-in closets. Flooring consists of carpet, tile, and wood, and the home includes a fireplace.
The duplex uses stucco and frame construction, with a composition roof. Heating is natural gas and cooling is electric. The property is served by public water and public sewer. Parking is provided via a driveway, and there is a deck for outdoor space.
The unit layout includes multiple bedrooms and bathrooms, along with a dining room and game room, plus a basement.
The duplex uses stucco and frame construction, with a composition roof. Heating is natural gas and cooling is electric. The property is served by public water and public sewer. Parking is provided via a driveway, and there is a deck for outdoor space.
The unit layout includes multiple bedrooms and bathrooms, along with a dining room and game room, plus a basement.
Key Highlights
- Duplex under construction, built in 2026
- Composition roof with stucco and frame construction
- Natural gas heating and electric cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $16.20 |
| − Vacancy | −$1.9k | −$0.89 |
| EGI | $31.8k | $15.31 |
| − OpEx | −$9.6k | −$4.59 |
| NOI | $22.3k | $10.72 |
2,080 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex under construction with natural gas heat, electric cooling, and a deck.
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 under construction, built in 2026; Composition roof with stucco and frame construction; Natural gas heating and electric cooling
