816-818 South Grant Terrace

Olathe, KS 66061

$300,000
Price
Beds
Baths
3,072 Sq. Ft.
$98 / Sq. Ft.
3,072
Sq. Ft.
$98
per Sq. Ft.

Description

Great investment opportunity! This duplex has a monthly rental income of $925–$975 per unit. With a little TLC, this property has the potential to truly shine and increase its value even further. Whether you’re looking to live in one unit while renting out the other or expand your investment portfolio, this home is priced to sell. Both units are currently on month-to-month leases, providing flexibility for future plans.Great investment opportunity! This duplex has a monthly rental income of $925–$975 per unit. With a little TLC, this property has the potential to truly shine and increase its value even further. Whether you’re looking to live in one unit while renting out the other or expand your investment portfolio, this home is priced to sell. Both units are currently on month-to-month leases, providing flexibility for future plans.
  1. Listed by Mariam Qarini • ReeceNichols - Overland Park • 816-739-3927

Property Details for 816-818 South Grant Terrace

Zoning
Duplex
LISTING UPDATED: 01/27/2025 11:44 AM

Property Details for 816-818 South Grant Terrace

StatusActive
MLS #2527250
Days on Market12
Taxes$3,428 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1971
Lot Size0.17 AC / 7,198 SF
CountyJohnson County

Building Information for 816-818 South Grant Terrace

Stories1Residences2Year Built1971Building Size-Lot Size0.17 AC / 7,198 SF

Property Information for 816-818 South Grant Terrace

Summary
Location and General Information
  • City: Olathe
  • County Or Parish: Johnson, KS
  • Directions: Kansas & Elm - W to Grant St - S to Sheridan - W to Grant Terr - S to home.
  • Latitude: 38.871616
  • Longitude: -94.827276
  • MLS Area Major: 335 - N=135th;S=167th;E=Pflumm;W=Moonlight Rd
  • Zip Code: 66061
  • State Or Province: KS
  • Subdivision: Nonemaker Addition
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Comment: est
  • Tax Special Amount: 0
  • Tax Annual Amount: $3,428.00
  • Parcel Number: DP50000000-0008
  • Tax Annual Amount: $3,428.00
School Information
  • High School District: Olathe
Parking
  • Garage: Yes
  • Parking Features: Attached
  • Parking Total: 2.0
Property
Lot Information
  • Building Area Total: 3072.0
  • Lot Size Area: 7,198.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 7,198.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Board/Batten, Brick Trim, Frame
  • Documents Available: Lease Agreements
  • Documents Count: 1
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: Unknown
  • Legal Description: 816 S Grant NONEMAKER ADDITION BG NE CR LT8 S 35.85' W 92.22' N 37.36' E 92.23' TO POB 818 S Grant NONEMAKER ADDITION N 2.07' LT 7 & LT 8 EX NLY TR 35.85' ON E& 37.36' ON W OLC 4455F 8
  • Special Documents Required YN: 0
  • Type Of Management: Owner Manager
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 36
  • Year Built: 1971
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total: 0
  • Unit Type: 3 Bedroom
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Electric
  • Stories Total: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $22,800.00
  • Maintenance Provided YN: No
  • Operating Expense: $17,157.00
  • Operating Expense Includes: Maintenance, Insurance, Real Estate Tax
Unit 1
  • Unit Type: Unit Half Baths: 0
  • Unit Type: Unit Rooms: 5
  • Unit Type: Unit SQFT: 1536
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 3 Bedroom
  • Unit Type: Units Total: 2
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: Security 1st
  • Existing Lease Terms: Month To Month

Property History for 816-818 South Grant Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 816-818 South Grant Terrace

This home is within Olathe School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Westview Elementary School
PublicPK to 5

Oregon Trail Middle School
Public6 to 8

Olathe West High School
Public9 to 12

Millcreek Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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816-818 South Grant Terrace is a multi-family home for sale in Olathe, KS 66061. This property was listed for sale on January 23, 2025 by ReeceNichols - Overland Park, it's currently listed at $300,000. This listing's school district is Olathe School District. Nearby schools include Westview Elementary School, Oregon Trail Middle School and Olathe West High School. 816-818 South Grant Terrace is a 0-bed, 0-bath, 3,072 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ReeceNichols - Overland Park

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.