Duplex Investment
1206 SE Cronin Street Lees Summit, MO 64081
For Sale
$348,580
Pending
DUPLEX - Other - Lee's Summit, MO
Property Size1,649 SF
Lot Size0.15 Acres
Days on Market89
Property Features for 1206 SE Cronin Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1, Bedroom 1, Dining Room, Bedroom 2, Bedroom 3
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Kitchen Island, Walk-In Closet(s)
Basement
Unfinished
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Free-Standing Electric Oven
Standard status
Pending
APN
999999
Size
1,649 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Manor at Bailey Farms, Lot 222-2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Vinyl, Carpet
Building materials
Frame, Stone Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Lauren Roush
(417) 529-0472
Added: May 3
Changed: Jul 28
Last Checked: Jul 30 at 2:06AM
MLS# 2618309
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 for-sale duplex offers 1,649 square feet of residential income space on a 0.1509-acre lot. The listing is categorized as a duplex and residential income property, and the provided remarks note “Build Job.”
The property is located at 1206 SE Cronin Street in Lee’s Summit, Missouri 64081, in Jackson County.
As presented, the asset’s key characteristics are its duplex structure, residential income classification, and the stated lot and building size.
The property is located at 1206 SE Cronin Street in Lee’s Summit, Missouri 64081, in Jackson County.
As presented, the asset’s key characteristics are its duplex structure, residential income classification, and the stated lot and building size.
Key Highlights
- Under construction home with expected completion in 2026 (Year built: 2026)
- Interior features include ceiling fans, kitchen island, and walk‑in closet(s)
- Kitchen appliances include dishwasher, disposal, microwave, electric range, and free‑standing electric oven
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 | $26.7k | $16.20 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $25.2k | $15.31 |
| − OpEx | −$7.6k | −$4.59 |
| NOI | $17.7k | $10.72 |
1,649 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.9K – $294.5K
NOI $17,671 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$225.5K
$197.3K – $263.1K
NOI $15,786 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$418.5K
$366.2K – $488.3K
NOI $29,296 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale on a 0.1509-acre lot, offering 1,649 square feet of residential income space.
Where is this duplex located?
The property is located at 1206 SE Cronin Street Lees Summit, MO.
What is the asking price?
The asking price for this property is $348,580.
What are key features of this property?
This property features: Under construction home with expected completion in 2026 (Year built: 2026); Interior features include ceiling fans, kitchen island, and walk‑in closet(s); Kitchen appliances include dishwasher, disposal, microwave, electric range, and free‑standing electric oven
