Two-Story Duplex
New
For Sale
$219,900
1862 Kingbird Lane, Liberty, MO 64068
Residential, Traditional, Liberty, MO
Property Size1,437 SF
Lot Size0.14 Acres
Price / SF$153.03
Days on Market5
Property Features for 1862 Kingbird Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Dining Room, Laundry Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Laundry Room
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Refrigerator, Electric Range
Subdivision
Clay Brooke
Lot features
City Limits, Many Trees
Elementary school
Schumacher
Middle school
Liberty
High school
Liberty
Elementary school district
Liberty
Middle school district
Liberty
High school district
Liberty
Directions
Take Route 291 South, turn left on Ruth Ewing Road , veer left to stay on Ruth Ewing Road, turn left onto Clay Brooke Drive, turn left onto Kingbird Lane, Home will be on your right.
Standard status
Active
APN
15-416-00-14-013.01
Size
1,437 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Lengthy, use Legal Description Addendum
Tax Annual Amount
1962
Legal Description
Lengthy, use Legal Description Addendum
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1998
Flooring type
Laminate
Building materials
Board & Batten Siding, Brick Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Nick Welty
(816) 564-6425
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 4 at 4:06AM
MLS# 2639223
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 1,437-square-foot half duplex includes three bedrooms, 2.5 bathrooms, and a two-story layout built in 1998. The main level combines living and dining areas beneath a vaulted ceiling, along with a kitchen featuring a pantry and included refrigerator, electric range, dishwasher, and disposal. A laundry room is also provided.
All bedrooms are located upstairs, including a primary bedroom with a walk-in closet. The home includes an attached garage, patio, and fenced backyard. Interior features include laminate flooring and ceiling fans, with electric heating and cooling. Board and batten siding, brick veneer, and a composition roof complete the exterior.
The property occupies 0.14 acres and is served by public water and public sewer. It is located in the Liberty School District with access to shopping, dining, downtown Liberty, and major highways.
All bedrooms are located upstairs, including a primary bedroom with a walk-in closet. The home includes an attached garage, patio, and fenced backyard. Interior features include laminate flooring and ceiling fans, with electric heating and cooling. Board and batten siding, brick veneer, and a composition roof complete the exterior.
The property occupies 0.14 acres and is served by public water and public sewer. It is located in the Liberty School District with access to shopping, dining, downtown Liberty, and major highways.
Key Highlights
- 3‑bedroom, 2.5‑bath half duplex
- 1,437 square feet on a 0.14‑acre lot
- Two‑story layout with all bedrooms upstairs
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
$13,712
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
6.24%
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%
$274,240
$274.2K
Cap Rate 7%
$195,886
$195.9K
Cap Rate 9%
$152,356
$152.4K
Market Conditions
NOI Build-Up for 1,437 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
$21.6K $15.00/SF
− Vacancy
−$2.0K −$1.37/SF
EGI
$19.6K $13.63/SF
− OpEx
−$5.9K −$4.09/SF
NOI
$13.7K $9.54/SF
Area
Clay County, MO
Vacancy
9.12%
Lease Rate
$15.00 /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%
$274,240
Cap Rate 7%
$195,886
Cap Rate 9%
$152,356
Alternative Uses
Best Use
Multifamily LT 5
$195.9K
$171.4K – $228.5K
NOI $13,712 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$173.9K
$152.2K – $202.9K
NOI $12,175 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 64068, MO
37,222
Population
14,656
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
84.8 sq mi
ZIP Area
439
Density / Sq Mi
$95,425
Median Household Income
$51,642
Median Earnings
$1,172
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom half duplex with an attached garage, patio, and fenced backyard.
Where is this duplex located?
The property is located at 1862 Kingbird Lane Liberty, MO.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath half duplex; 1,437 square feet on a 0.14‑acre lot; Two‑story layout with all bedrooms upstairs
