Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    209 & 213 SW South Avenue Blue Springs, MO 64014

    View on Map
    Claim this Listing
    For Sale
    $380,000

    MULTI_FAMILY - Blue Springs, MO

    Lot size:
    0.38 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 26 at 4:06 am

    Property Features for 209 & 213 SW South Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 4, Basement, Bathroom 1
    Parking
    2
    Patio and Porch features
    Deck
    Appliances
    Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Free-Standing Electric Oven
    Standard status
    Active
    APN
    36-940-13-21-00-0-00-000
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    Colsons Crk 01
    Tax Annual Amount
    4120

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2003
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Darlene Peterson
    Darlene Peterson

    Listing agent Darlene Peterson

    Listing office ReeceNichols - Lees Summit 222 SW Main St., Lee's Summit, MO

    Listing date Apr 3, 2026

    MLS# 2611865 Listing URL

    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.

    Overview

    Blue Springs Multifamily Investment Property

    This is a neat and clean duplex located in Blue Springs, Missouri. The property is currently rented and is being sold "as is". It is located near shopping and services, making it a potentially great investment property. The property includes a fireplace and a patio. The lot size is 0.3816 acres. This property is part of a bundle of 16 units that the seller prefers to sell together. The property is located near shopping and services.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Blue Springs
    County
    Jackson
    State
    Missouri
    Longitude
    -94.266203
    Latitude
    39.012927

    Nearby Similar for Sale

    • $500,000

      Historic Bar in Revitalizing Downtown

      Building with oldest operating bar in Blue Springs' downtown.
      1123 W Main Street, Blue Springs, MO 64015
      View Details
    • $348,000

      Turnkey Duplex in Plaza Estates

      Income-producing duplex with long-term tenants in Blue Springs, MO.
      1901 & 1903 SW Skyline Drive, Blue Springs, MO 64015
      View Details
    • $535,000

      Commercial Office Space For Sale

      Well-maintained office building on frontage road in Blue Springs, MO.
      1201 NW North Ridge Drive, Blue Springs, MO 64015
      View Details
    • $560,000

      Blue Springs Fourplex Investment Opportunity

      Turnkey fourplex in Blue Springs with rental upside.
      808 SW Meadowridge Drive, Blue Springs, MO 64015
      View Details
    • $410,000

      Blue Springs Multifamily Investment Property

      Clean duplex near shopping, great investment opportunity, sold as-is.
      2401 & 2403 SW 6th Street, Blue Springs, MO 64014
      View Details
    • $410,000

      Blue Springs Multifamily Investment Opportunity

      Clean, rented duplex near shopping and services in Blue Springs.
      2313 & 2315 SW 6th Street, Blue Springs, MO 64014
      View Details
    • $549,900

      Blue Springs Multifamily Investment Property

      Income-producing triplex with onsite property management in Blue Springs.
      273-277 NE Adams Dairy Parkway, Blue Springs, MO 64014
      View Details
    • $525,000
      4,000 SF

      Versatile Medical/Office Space Available

      Adaptable space suitable for medical or general office use.
      1900 NW Copper Oaks Circle, Blue Springs, MO 64015
      View Details
    • $652,800
      5,440 SF

      Blue Springs Commercial Building For Sale

      5,440 SF commercial building with warehouse, office, and storage space.
      702 SW South Avenue, Blue Springs, MO 64015
      View Details
    • $2,500,000

      90-Room Hospitality Property in Missouri

      Stabilized, cash-flowing 90-room hospitality property in a strong regional market.
      3400 NW Jefferson Street, Blue Springs, Missouri 64015
      View Details
    • Contact for pricing

      Mo' Bettahs NNN Investment Property

      NNN leased Mo’Bettahs in Blue Spring, Missouri.
      806 SW State Route 7, Blue Springs, MO
      View Details
    • $89,900
      660 SF

      Updated Office Space Available Now

      Modern, renovated office space in Blue Springs, move-in ready.
      1914 Copper Oaks Circle, Blue Springs, MO 64015
      View Details

    FAQs

    What type of property is this?
    Duplex - Clean, rented duplex near shopping and services. Investment opportunity.
    Where is this duplex located?
    The property is located at 209 & 213 SW South Avenue Blue Springs, MO.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Great investment property with potential for rental income.; Option to purchase as part of a bundle of 16 units.; Convenient location near shopping and services.
    (816) 694-1648
    We can help!
    Listing Contact
    Darlene Peterson
    Darlene Peterson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!