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    Up-Down Duplex Investment Title is generated by Realmo AI

    2404-6 Faraon Street, St Joseph, MO 64501

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    New
    For Sale
    $220,000

    MULTI_FAMILY - St Joseph, MO

    Lot size:
    0.13 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 2404-6 Faraon Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    City
    Rooms
    Basement
    Parking
    2
    Patio and Porch features
    Porch
    Exterior features
    Balcony
    Standard status
    Active
    APN
    06-2.0-09-004-001-067.000
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    SUB:EASTERN EXT LOT:9 BLK:27 LGL DESC:& LOT 10
    Tax Annual Amount
    947

    Utilities

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

    Building Details

    Year built
    1902
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Serena Bales

    Listing agent Serena Bales License #1744671

    Listing office KW KANSAS CITY METRO 4200 Somerset No. 101, Prairie Village, MO

    Listing date Jun 2, 2026

    MLS# 2623769 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.

    HighLights

    • Up/down duplex built in 1902 with public water and public sewer
    • March 2024 roof replacement; frame construction with composition roof
    • Separate utilities for each unit for easier management and predictable expenses
    • Furnished upper unit with private balcony access; averaged about $1,300/month based on occupancy and rental term
    • Lower 2‑bedroom unit occupied by long‑term month‑to‑month tenant at $1,000/month; tenant pays all utilities
    • Two 2‑car detached garages with alley access plus a rear patio and porch

    Overview

    This up-and-down duplex is a well-maintained investment property featuring separate utilities for each unit, helping simplify management and expense predictability. The upper unit is furnished, currently operated as a varied-term rental, and offers character details including freshly painted interiors, refinished hardwood floors, original hardwood doors, updated kitchen and bathroom flooring, and private access to a balcony. The lower unit is a 2-bedroom apartment occupied by a long-term month-to-month tenant, with the tenant covering all utilities.

    The property includes two detached two-car garages with convenient alley access, along with a rear patio area suited for outdoor use and ample street parking in front. A newer roof was completely replaced in March 2024. Lawn care and trash service are currently included in the rent, adding value for both tenants and an investor looking for a more hands-off setup. The duplex is centrally located near downtown and everyday amenities, including major medical facilities, shopping, restaurants, coffee shops, parks, schools, and local entertainment.

    For investors, this configuration offers two income streams in one building, supported by separate utilities and established tenancy. For owner-occupants, the property can also fit a house-hack style approach; however, a 2-month notice is needed for 2406 to be ready for move-in.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.831213
    Latitude
    39.768908

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with separate utilities, a newer roof, and a mix of furnished and long-term rental income.
    Where is this duplex located?
    The property is located at 2404-6 Faraon Street St Joseph, MO.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Up/down duplex built in 1902 with public water and public sewer; March 2024 roof replacement; frame construction with composition roof; Separate utilities for each unit for easier management and predictable expenses
    (913) 912-9350
    We can help!
    Listing Contact
    Serena Bales
    Real Estate License ID: 1744671
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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.

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    2404-6 Faraon Street, St Joseph, MO 64501
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