Renovated Duplex with Finished
For Sale
$250,000
Pending
7232 N Askew Avenue, Kansas City, MO 64119
Residential, Contemporary, Kansas City, MO
Property Size1,957 SF
Lot Size0.12 Acres
Days on Market39
Property Features for 7232 N Askew Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Game Room, Basement, Bathroom 1, Bedroom 3, Dining Room, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Garage, Open
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Painted Cabinets, Vaulted Ceiling(s)
Fireplace
1
Basement
Finished, Concrete
Appliances
Dishwasher, Disposal, Refrigerator
Subdivision
Meadowbrook Manor
Lot features
Cul-De-Sac
Elementary school
Chinn
Middle school
Antioch
High school
Oak Park
Elementary school district
North Kansas City
Middle school district
North Kansas City
High school district
North Kansas City
Directions
To reach 7232 N Askew AveClick to open side panel for more information from Highway 152, start by heading east on MO-152 E and take the exit toward N Antioch Road. Turn right onto N Antioch Road heading south, continuing past NW 72nd Street, and then turn left onto NE 72nd Street/NE Gladstone Drive. Drive east for a few blocks, turn right onto N Askew Avenue, and follow it straight ahead until you reach the townhome on your right
Standard status
Pending
APN
14-410-00-03-003.00
Size
1,957 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
MEADOWBROOK MANOR NORTH S 1/2 LT 35
Tax Annual Amount
2176
Legal Description
MEADOWBROOK MANOR NORTH S 1/2 LT 35
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1972
Flooring type
Carpet, Vinyl
Building materials
Frame, Wood Siding
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Keller Williams KC North · Keller Williams Realty
(816) 452-4200
Listed By:
Fidelity RE Group · License #2009034726
(816) 772-2876
Added: Jul 23
Changed: Aug 23
Last Checked: Aug 30 at 11:06PM
MLS# 2633133
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 updated duplex in Kansas City offers 1,957 square feet on a 0.12-acre lot, with a three-bedroom layout, two full bathrooms, and two half bathrooms. Interior improvements include luxury vinyl plank flooring, fresh paint, updated lighting, contemporary fixtures, vaulted ceilings, and a main-level half bathroom. The finished basement adds a fireplace, recreation or living space, and another half bathroom.
Exterior features include a new deck, patio, fresh paint, and a fully fenced yard. The property also includes a garage and open parking, public water, public sewer, forced-air heating, electric cooling, and a composition roof. Built in 1972, the frame residence has wood siding and no HOA fees. Located in the Northland area near shopping, dining, and highway access.
Exterior features include a new deck, patio, fresh paint, and a fully fenced yard. The property also includes a garage and open parking, public water, public sewer, forced-air heating, electric cooling, and a composition roof. Built in 1972, the frame residence has wood siding and no HOA fees. Located in the Northland area near shopping, dining, and highway access.
Key Highlights
- 1,957‑square‑foot duplex on a 0.12‑acre lot
- Three bedrooms with 2 full and 2 half bathrooms
- Finished basement with fireplace, game room, and half bathroom
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
$22,366
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
8.95%
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%
$447,320
$447.3K
Cap Rate 7%
$319,514
$319.5K
Cap Rate 9%
$248,511
$248.5K
Market Conditions
NOI Build-Up for 1,957 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
$34.1K $17.40/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$32.0K $16.33/SF
− OpEx
−$9.6K −$4.90/SF
NOI
$22.4K $11.43/SF
Area
ZIP 64119
Vacancy
6.17%
Lease Rate
$17.40 /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%
$447,320
Cap Rate 7%
$319,514
Cap Rate 9%
$248,511
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,366 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$293.3K
$256.6K – $342.2K
NOI $20,530 @ 7.0% cap · market cap 8.21%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,240 @ 7.0% cap · market cap 40.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 64119, MO
30,865
Population
13,515
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
2,129
Density / Sq Mi
$79,871
Median Household Income
$45,801
Median Earnings
$1,259
Median Rent
$216,300
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 - Updated interiors include vaulted ceilings, new flooring, and a fenced yard.
Where is this duplex located?
The property is located at 7232 N Askew Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,957‑square‑foot duplex on a 0.12‑acre lot; Three bedrooms with 2 full and 2 half bathrooms; Finished basement with fireplace, game room, and half bathroom
