Duplex with
For Sale
$265,000
Pending
1207 SW Arborway Drive, Lees Summit, MO 64082
Residential, Traditional, Lee's Summit, MO
Property Size2,209 SF
Lot Size0.08 Acres
Days on Market119
Property Features for 1207 SW Arborway Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 1, Laundry Room, Bathroom 3, Bedroom 2, Basement, Bathroom 1, Laundry Room, Dining Room, Bathroom 2, Bedroom 3
Parking features
Open, Garage
Window features
Window Coverings
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Electric Range
Subdivision
Arborwalk
Lot features
Level
Elementary school
Trailridge
Middle school
Summit Lakes
High school
Lee's Summit West
Elementary school district
Lee's Summit
Middle school district
Lee's Summit
High school district
Lee's Summit
Directions
From Kansas City, take US-50 E toward Lee's Summit. Exit onto SW Ward Rd and head south. Turn right onto Arborwalk Blvd, then right onto Arborway Dr. Continue through the roundabout and stay on Arborway Dr - home will be on the left
Standard status
Pending
APN
69-640-10-40-00-0-00-000
Size
2,209 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
AMENDED ARBORWALK 9TH PLAT LOTS 172A AND 172B---LOT 172A
Tax Annual Amount
2617
HOA Fee
$209 Monthly
Legal Description
AMENDED ARBORWALK 9TH PLAT LOTS 172A AND 172B---LOT 172A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
2009
Flooring type
Tile, Carpet, Wood
Building materials
Brick Trim, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC-MO
(573) 520-3099
Listed By:
Richey Real Estate Group
(816) 284-6147
Added: May 27
Changed: Sep 15
Last Checked: Sep 22 at 7:06AM
MLS# 2622333
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.
Built in 2009, this duplex provides 2,209 square feet of residential space on a 0.0822-acre lot in Lee's Summit. The layout includes three bedrooms, 3.1 bathrooms, dining and laundry areas, a basement, vaulted ceilings, a pantry, and walk-in closets. Wood, carpet, and tile flooring are paired with brick trim and vinyl siding, while a forced-air system and electric cooling serve the home.
The property includes an open garage, patio, and porch. Kitchen appliances include a dishwasher, disposal, and electric range. Public water and public sewer are in place, and the composition roof supports the existing residential configuration. HOA-covered lawn care and exterior maintenance reduce routine ownership responsibilities.
The property includes an open garage, patio, and porch. Kitchen appliances include a dishwasher, disposal, and electric range. Public water and public sewer are in place, and the composition roof supports the existing residential configuration. HOA-covered lawn care and exterior maintenance reduce routine ownership responsibilities.
Key Highlights
- 2,209‑square‑foot duplex on a 0.0822‑acre lot
- Three bedrooms and 3.1 bathrooms
- Built in 2009 with brick trim and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,672
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,440
$473.4K
Cap Rate 7%
$338,171
$338.2K
Cap Rate 9%
$263,022
$263.0K
Market Conditions
NOI Build-Up for 2,209 SF
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.
Gross rent
$35.8K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$33.8K $15.31/SF
− OpEx
−$10.1K −$4.59/SF
NOI
$23.7K $10.72/SF
Area
Lees Summit, MO
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,440
Cap Rate 7%
$338,171
Cap Rate 9%
$263,022
Alternative Uses
Best Use
Multifamily LT 5
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$302.1K
$264.3K – $352.5K
NOI $21,147 @ 7.0% cap · market cap 7.98%
Theoretical Best
Specialty Retail
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 64082, MO
17,973
Population
6,735
Households
2.7
Avg Household Size
38
Median Age
56%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
877
Density / Sq Mi
$132,310
Median Household Income
$67,869
Median Earnings
$1,738
Median Rent
$380,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - HOA coverage includes lawn care and exterior maintenance for a simplified ownership experience.
Where is this duplex located?
The property is located at 1207 SW Arborway Drive Lees Summit, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,209‑square‑foot duplex on a 0.0822‑acre lot; Three bedrooms and 3.1 bathrooms; Built in 2009 with brick trim and vinyl siding
