Two-Bedroom Residential Income
1038 Ephraim Drive, Grain Valley, MO 64029
For Sale
$196,000
Residential, Traditional, Grain Valley, MO
Property Size912 SF
Lot Size0.12 Acres
Price / SF$214.91
Days on Market8
Property Features for 1038 Ephraim Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private fenced backyard
dedicated off-street parking
Building Details
Year built
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Midwest Property Resources LLC
(816) 343-8255
Listed By:
Chris Goodale · License MO #2004023686
(816) 607-9640
Added: Nov 2
Last Checked: Nov 9 at 8:06PM
MLS# 2649897
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.
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Investment Insights
Based on property information with market context.
This 912-square-foot half duplex has two bedrooms and one full bathroom in a single-level layout. The living room connects with the kitchen and dining area, while the kitchen includes painted cabinets, a dishwasher, disposal, refrigerator, and electric range. A patio and privacy-fenced backyard provide outdoor space, and dedicated off-street parking is included. The property was built in 1997 and has stone-and-frame construction, carpet flooring, central electric heating, and electric cooling.
Key Highlights
- 912‑square‑foot half duplex
- Two bedrooms and one full bathroom
- 0.1158‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,407
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,140
$168.1K
Cap Rate 7%
$120,100
$120.1K
Cap Rate 9%
$93,411
$93.4K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$16.5K $18.12/SF
− Vacancy
−$1.2K −$1.36/SF
EGI
$15.3K $16.76/SF
− OpEx
−$6.9K −$7.54/SF
NOI
$8.4K $9.22/SF
Area
Jackson County, MO
Vacancy
7.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,140
Cap Rate 7%
$120,100
Cap Rate 9%
$93,411
Alternative Uses
Best Use
Apartment 5plus
$120.1K
$105.1K – $140.1K
NOI $8,407 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$239.9K
$209.9K – $279.8K
NOI $16,790 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 64029, MO
20,054
Population
8,185
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
95%
High-School Grad
31.8 sq mi
ZIP Area
631
Density / Sq Mi
$89,074
Median Household Income
$50,332
Median Earnings
$1,369
Median Rent
$284,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Residential income properties in Jackson County
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level living includes a fenced backyard, patio, and dedicated off-street parking.
Where is this residential income property located?
The property is located at 1038 Ephraim Drive Grain Valley, MO.
What is the asking price?
The asking price for this property is $196,000.
What are key features of this property?
This property features: 912‑square‑foot half duplex; Two bedrooms and one full bathroom; 0.1158‑acre lot
