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    2308 NW 53Rd Ter Kansas City, MO 64151

    View on Map
    Sponsored
    For Sale
    $425,000

    MULTI_FAMILY - Kansas City, MO

    Lot size:
    1.53 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 20 at 12:06 am

    Property Features for 2308 NW 53Rd Ter

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Bathrooms
    3
    APN
    19-80-33-100-004-015-000
    Parking features
    Garage
    Patio and Porch features
    Deck
    Exterior features
    Private Entrance
    Appliances
    Dishwasher, Microwave
    Lot size
    1.53 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Attic Fan, Electric
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    2
    Building materials
    Board & Batten Siding, Stone & Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Tiffany Kelsey

    Reece & Nichols Realtors, INc (816) 524-7272

    Listing agent Tiffany Kelsey (816) 524-7272

    Listing date Mar 17, 2026

    MLS# 2607622 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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex on 1.5 Acres

    This property presents an investment opportunity to own two remodeled homes situated on 1.5 acres. Located in the Park Hill School District, the property offers options for short-term rental, living in one unit while renting the other, or multi-generational living. One of the homes, a 902 sq ft bungalow, features 2 bedrooms and 2 full baths with an open kitchen, dining, and living area. The other home is a 1,200 sq ft ranch featuring 3 bedrooms and 1 full bath, a kitchen area, breakfast bar, dedicated dining area, and an attached garage. Updates in both homes include new flooring, fresh interior paint, new kitchen cabinets with granite countertops, updated bath vanities, showers, and modern lighting. The two-bedroom, two-bath home is currently rented for $1,775 per month, with the lease ending in January 2027. The property is located just off I-29, approximately 20 minutes from KCI Airport, 10 minutes to Downtown Kansas City, and minutes from Zona Rosa shopping and dining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.608797
    Latitude
    39.192073

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    FAQs

    What type of property is this?
    Duplex - Two homes on 1.5 acres near Park Hill School District.
    Where is this duplex located?
    The property is located at 2308 NW 53Rd Ter Kansas City, MO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Two remodeled homes on 1.5 acres for the price of one; - Located in the highly sought-after Park Hill School District; - Rental income potential: One home currently rented for $1,775/month (lease ends January 2027), with short-term rental opportunity during the 2026 World Cup
    (816) 729-3118
    Request Owner's contact information
    2308 NW 53Rd Ter Kansas City, MO 64151
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    Kansas City, MO 64151
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    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
    2308 NW 53Rd Ter Kansas City, MO 64151
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    We can help!
    Listing Contact
    Tiffany Kelsey
    Real Estate License ID: 2019013929
    (816) 729-3118 (816) 524-7272
    Learn more
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