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

    3831 Grant St Lees Summit, MO 64064

    View on Map
    Sponsored
    Pending
    $419,000

    MULTI_FAMILY - Lee's Summit, MO

    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 16 at 2:06 am

    Property Features for 3831 Grant St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement
    APN
    43-820-02-03-00-0-00-000
    Parking features
    Garage
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1970
    Number of units
    2
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Mindy Methner

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

    Listing agent Mindy Methner (816) 524-7272

    Listing date Mar 16, 2026

    MLS# 2606340 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

    Well-Maintained Duplex in Lee's Summit

    This well-maintained duplex is located in Lee's Summit, near the intersection of Woods Chapel and Highway 470. It presents an opportunity for expanding an investment portfolio or for owner-occupancy with rental income. Both units feature an identical floor plan with two bedrooms on the main level and a third bedroom in the lower level, which can also serve as a second living area or rec room. Each unit includes a full bathroom on the main level and a half bath downstairs, with laundry located on the lower level. Unit A is currently vacant and has been updated with new LVP flooring, fresh interior paint, a new vanity and toilet, and newer appliances including the microwave, refrigerator, and dishwasher. Unit B is currently leased through October 2026, providing immediate rental income. It offers the same layout and footprint as Unit A and includes some carpeted areas. Each side of the duplex includes its own garage along with additional parking in the rear of the property. The roof is four years old. The property is located minutes from grocery stores, restaurants, gas stations, and offers quick highway access. The lot size is 0.2918 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.371448
    Latitude
    38.982456

    Nearby Similar for Sale

    • New
      $1,800,000
      0.59 Acres

      Lee's Summit Retail Investment

      Prime retail building on 0.59 acres, ideal for investors.
      959 SE Oldham Pkwy, Lees Summit, MO 64081
      View Details
    • New
      $700,000
      0.28 Acres

      New Twin Villa in Lee's Summit

      Move-in ready twin villa near Downtown Lee's Summit.
      211-213 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • New
      $750,000
      0.28 Acres

      New Twin Villa Community

      Twin villas near Downtown Lee's Summit with modern amenities.
      217-219 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • $1,300,000
      1.60 Acres

      Versatile Commercial Property in Lee's Summit

      Remodeled commercial property with offices, warehouse, showroom, and expansion potential.
      1600 SW Market St, Lees Summit, MO 64081
      View Details
    • $4,250,000
      0.25 Acres

      Established Venue in Lee's Summit

      Thriving event space business and real estate opportunity for sale.
      308 SE Douglas St, Lees Summit, MO 64063
      View Details
    • $590,000
      0.08 Acres

      Lee's Summit Fourplex Investment Opportunity

      Fourplex with income potential in a convenient location.
      116-122 NE Greystone Dr, Lees Summit, MO 64086
      View Details
    • $340,000
      0.29 Acres

      Lee's Summit Duplex For Sale

      Duplex in high-demand location with recent upgrades and tenant occupancy.
      612 NE Florence Ave, Lees Summit, MO 64063
      View Details
    • $4,000,000
      3.52 Acres

      Lee's Summit Commercial Automotive Property

      Two buildings designed for high-volume automotive operations in Lee's Summit.
      1500-1502 SW Market St, Lees Summit, MO 64081
      View Details
    • $325,000
      Pending

      Lee's Summit Duplex Investment

      Turn-key, fully leased duplex in Lee's Summit, Missouri.
      209-211 NW Monroe St, Lees Summit, MO 64063
      View Details
    • $415,000
      Pending

      Remodeled Duplex in Lee's Summit

      Modern, remodeled duplex near dining and parks in Lee's Summit.
      941 3Rd St, Lees Summit, MO 64063
      View Details
    • $445,000
      Pending

      Lee's Summit Duplex For Sale

      Well-maintained duplex in Lee's Summit with leases in place.
      817-821 NE Independence Ct, Lees Summit, MO 64063
      View Details
    • $305,000
      Pending

      Free Standing Building For Sale

      Free standing building with six rooms, suitable for retail.
      704 NW Obrien Rd, Lees Summit, MO 64063
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in prime location with strong rental appeal.
    Where is this duplex located?
    The property is located at 3831 Grant St Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: - Prime Lee's Summit location near Woods Chapel and Highway 470.; - Duplex offers flexibility for investors or owner-occupants.; - **Unit A is vacant and updated with new LVP flooring, fresh paint, new vanity/toilet, and newer appliances.**
    (816) 215-9806
    Request Owner's contact information
    3831 Grant St Lees Summit, MO 64064
    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.
    3831 Grant St
    Lees Summit, MO 64064
    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
    3831 Grant St Lees Summit, MO 64064
    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

    We can help!
    Listing Contact
    Mindy Methner
    (816) 215-9806 (816) 524-7272
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!