Renovated Duplex with Separate
New
For Sale
$375,000
5339 Paseo Boulevard, Kansas City, MO 64110
MULTI_FAMILY - Kansas City, MO
Property Size2,800 SF
Lot Size0.19 Acres
Price / SF$133.93
Days on Market3
Property Features for 5339 Paseo Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Basement
Parking features
On Street
Window features
Storm Window(s)
Interior features
Common Entry
Exterior features
Private Entrance
Appliances
Dishwasher, Electric Range
Subdivision
Jewell's Add
Elementary school district
Kansas City Mo
Middle school district
Kansas City Mo
High school district
Kansas City Mo
Directions
South on Ward Parkway to (L) on 55th st. Turn left on The Paseo. Property will be on the right.
Standard status
Active
APN
30-720-15-11-00-0-00-000
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
JEWELL'S 2ND ADD LOT 10
Tax Annual Amount
1632
Legal Description
JEWELL'S 2ND ADD LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 906-5400
Listed By:
Heather LaPorta · License #SP00237835
(913) 274-9780
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 12 at 9:06AM
MLS# 2636034
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 renovated duplex contains two residential units, each offering 3 bedrooms, 2 full bathrooms, and about 1,400 square feet. Interior improvements include new paint, carpet, lighting, cabinetry, countertops, backsplash, tile flooring, stainless-steel appliances, bathroom vanities, fixtures, and tile finishes. A common front entry leads to separate entrances for the individual units, while the basement provides shared laundry and utility access. Each unit has its own electric service and HVAC system. The property also includes a dishwasher, electric range, frame construction, natural-gas heating, electric cooling, a composition roof, public water, public sewer, and on-street parking.
Located in Kansas City near UMKC, Rockhurst University, KCAI, the Plaza, Westport, Research Medical Center, St. Luke's, and major highways, the property is zoned R-1. Its configuration supports long-term rental use, student housing, or owner occupancy of one unit alongside rental of the other.
Located in Kansas City near UMKC, Rockhurst University, KCAI, the Plaza, Westport, Research Medical Center, St. Luke's, and major highways, the property is zoned R-1. Its configuration supports long-term rental use, student housing, or owner occupancy of one unit alongside rental of the other.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 full bathrooms in each unit
- About 1,400 square feet per unit on a 0.1864‑acre lot
- Renovated kitchens and bathrooms with stainless‑steel appliances
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
$32,662
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
8.71%
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%
$653,240
$653.2K
Cap Rate 7%
$466,600
$466.6K
Cap Rate 9%
$362,911
$362.9K
Market Conditions
NOI Build-Up for 2,800 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
$49.7K $17.76/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$46.7K $16.66/SF
− OpEx
−$14.0K −$5.00/SF
NOI
$32.7K $11.66/SF
Area
Kansas City, MO
Vacancy
6.17%
Lease Rate
$17.76 /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%
$653,240
Cap Rate 7%
$466,600
Cap Rate 9%
$362,911
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.4K
NOI $32,662 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$429.5K
$375.8K – $501.1K
NOI $30,065 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$666.9K
$583.6K – $778.1K
NOI $46,685 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Explore this area
Business Placement
Demographics for 64110, MO
15,874
Population
8,655
Households
1.8
Avg Household Size
32
Median Age
50%
College-Educated
95%
High-School Grad
3.0 sq mi
ZIP Area
5,291
Density / Sq Mi
$59,710
Median Household Income
$38,852
Median Earnings
$1,155
Median Rent
$238,200
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 - Two refreshed units provide private entrances, independent utilities, and shared basement laundry access.
Where is this duplex located?
The property is located at 5339 Paseo Boulevard Kansas City, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full bathrooms in each unit; About 1,400 square feet per unit on a 0.1864‑acre lot; Renovated kitchens and bathrooms with stainless‑steel appliances
