227 S Derby Ave #231, Derby, KS, 67037
About This Home
Whether you're looking to expand your investment portfolio or offset your housing costs with rental income, this fully remodeled duplex offers a fantastic opportunity in Derby! Featuring two separately metered units with private entrances, this property includes a 3-bedroom, 2-bathroom unit at 231 S Derby Ave and a 2-bedroom, 1-bathroom unit at 227 S Derby Ave, which also offers an unfinished basement for additional storage or future potential. Both units have been tastefully updated with luxury vinyl plank flooring throughout the main living areas, new carpet in the bedrooms, fresh interior paint, updated fixtures, and modern finishes, creating a clean, move-in-ready feel. Each unit includes its own covered carport space, plus a large driveway provides additional off-street parking. The 2-bedroom unit is projected to rent for approximately $925 per month, while the 3-bedroom unit is projected to rent for approximately $1,495 per month (buyer to verify market rents). Whether you choose to lease both units or occupy one while generating income from the other, this turnkey duplex offers exceptional versatility and income potential. Schedule your private showing today!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1959
Materials
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Appliances
- Appliances included: Dishwasher
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 5
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Electric
Interior Area
- Total interior livable area: 2,872 sqft
Property
Details
- Parcel number: 00300454
- Attached to another structure: Yes
Parking
- Total spaces: 2
- Parking features: 2 per Unit,Covered
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Tornado
- Hail
- Heat Wave
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Kansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,466 | $17,592 |
| Home Insurance * | $313 | $3,756 |
| Property Taxes | $285 | $3,420 |
| Electricity | $229 | $2,751 |
| Total | $2,293 | $27,516 |
Income You'd Need if You Spent...
Kansas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
No price history available
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