2621 N 155th Ter · Basehor, KS 66007

$450,000

8 bd · 4.0 ba · 1,560 sqft · MultiFamily public records · 8 Days on market

Built 1970 0.26 ac lot

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.6/30.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +3.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Nice 4-plex in the city of Basehor. Excellent rental history. Great cash flow. Low expenses. Priced to sell.

Key facts

• Strong rental demand
• Off street parking
• Well maintained

Tags

• WELL MAINTAINED
• GROWING AREA
• STRONG RENTAL DEMAND
• VACANT UNIT
• SEPARATELY METERED UTILITIES
• OFF STREET PARKING

Property features AI

Finance

• Other: Property age approximately 51–75 years
• Financial info: Gross income reported at $55,800; Operating expenses include real estate tax
• HOA & community: No association fees

Exterior

• Parking: Off-street parking for four vehicles
• Utilities: Public sewer; Rural water source; Metro Free telecom available; Individual heat and air systems; Separate meters
• Home design: Residential income property — quadruplex; Single-story
• Construction: Frame construction; Composition roof
• Exterior features: Off-street parking (4 spaces); Property not in a flood plain; Lot dimensions approximately 144 x 78

Interior

• Kitchen: Dishwasher; Range/oven; Refrigerator
• Bedrooms: Two-bedroom units (four total units)
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Common entry; Basement
• Laundry & utility: Inside laundry; Separate utility meters; Individual water heaters

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1.0-bath units multifamily listed at $450k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $337/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $450k).
• Cap rate 9.9% vs local median 1.5% in Basehor — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#157 in KS) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: health & safety C-, amenities F, commute F.
• Basehor-Linwood (rural): math 37% / reading 45% proficiency, ranked #23 of 169 in KS (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Basehor Elementary School (math 45% / reading 50%, grade D, #197 of 684 statewide, top 29%, 505 students, 16% FRL); Basehor-Linwood High School (math 26% / reading 33%, grade F, #60 of 327 statewide, top 24%, 857 students, 14% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: 247 active listings in the ZIP; 347 units permitted in Leavenworth County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Leavenworth County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $126k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $234k; list at $450k implies a 92% gain — meaningful room to come down on a strong offer.

Recommended offer $450,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.20% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.85%
• DSCR: 1.57
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $12,958
• Equity at exit: $67,096

10-year hold

• IRR: 12.2%
• Equity multiple: 1.97×
• Total profit: $121,783
• Equity at exit: $38,908

Cash invested: $126,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kansas: 83 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; moderate court pace.

Methodology + full state rankings →

ZIP-level market 66007

• Home prices YoY: -32.6%
• Active inventory: 247
• Price-to-rent: 27.7×

Monthly cashflow live

• Estimated rent: $5,416 medium
• Mortgage (P&I): −$2,360
• Tax from tax record: −$382 /mo · $4,590/yr
• Insurance: −$188
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,137
• Net cashflow: $1,349

Break-even live

Break-even rent $3,709

Max offer price $450,000

Occupancy floor 70%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$5,416
Total (4 units)			$5,416

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $112,500
• Closing costs: $13,500
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-16
   statusdays on market $450,000 Pending 8 DOM
2. 2026-06-15
   days on market $450,000 Active 7 DOM
3. 2026-06-13
   days on market $450,000 Active 5 DOM
4. 2026-06-08
   remarks 699-char remark
5. 2026-06-08
   listed $450,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KS · Resets to sale price

• Current annual tax: $4,590 · $382/mo
• Projected year-2 tax: $6,345 · $529/mo
• Expected delta: +$1,755/yr (+$146/mo · 38.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $64,992
• − Mortgage interest: −$25,207
• − Property taxes: −$4,590
• − Insurance: −$2,250
• − Repairs & maintenance: −$5,199
• − Management: −$5,199
• − Depreciation: −$13,091
• Taxable income: $9,455
• Est. tax owed @ 24.0%: −$2,269
• After-tax cash flow: $13,916/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Basehor-Linwood
• NCES district ID: 2003780
• Math proficiency: 37% ▼ -6.00%
• Reading proficiency: 45% ▼ -3.00%
• Median HH income: $73,212
• Composite: 37.51/100
• National rank: #4397
• State rank: #23 of 169 in KS

Livability — Basehor

• Score: 70/100
• State rank: #157
• US rank: #7474

Category grades

Amenities F Commute F Cost of living B+ Crime A+ Employment A Housing A+ Health & safety C- User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Basehor, KS
• City population: 10,060
• Population (ZIP): 10,060

Population outlook (Leavenworth County) Hauer SSP2

• Today (2025): 85,138 people
• By 2030: 87,518 · +2.8%
• By 2040: 91,715 · +7.7%
• By 2050: 95,304 · +11.9%
• By 2075: 103,750 · +21.9%
• By 2100: 101,230 · +18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 1%
• Foreign-born: 1% · Canada, Vietnam
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Leavenworth

• 2024 margin: Strong R (+22.8) · D 37.6% · R 60.4% · Other 2.1%
• 2008→2024 swing: -11.2pp toward R · 2008: -11.6pp · 2024: -22.8pp
• All cycles: 2024: R+22.8 2020: R+21.1 2016: R+24.7 2012: R+20.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.33%
• Current HPI: 211.412
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+92.3% since first listed

19 events — show timeline

• 2026-06-08 Listed $450,000 Heartland MLS as Distributed by MLS Grid
• 2025-09-15 Sold (Public Records) — Public Records
• 2025-09-12 Sold (Public Records) — Public Records
• 2025-04-08 Rental Removed — RENT.
• 2025-03-08 Listed for Rent — RENT.
• 2024-02-19 Rental Removed — RENT.
• 2024-02-13 Listed for Rent — RENT.
• 2024-01-21 Rental Removed — RENT.
• 2024-01-21 Rental Removed — RENT.
• 2023-12-21 Listed for Rent — RENT.
• 2023-12-21 Listed for Rent — RENT.
• 2023-11-05 Rental Removed — RENT.
• 2023-11-05 Rental Removed — RENT.
• 2022-11-18 Rental Removed — RENT.
• 2012-09-19 Listed $188,750 Heartland MLS as Distributed by MLS Grid
• 2007-05-17 Sold (Public Records) — Public Records
• 2007-05-16 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2007-04-12 Listed $170,000 Heartland MLS as Distributed by MLS Grid
• 1986-02-01 Sold (Public Records) $234,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $4,590 · +4.2% YoY. Source: county tax records.