Two-Unit Duplex with
1109 Kings Highway, Independence, MO 64050
For Sale
$265,000
Residential, Independence, MO
Property Size1,350 SF
Lot Size0.09 Acres
Price / SF$196.30
Days on Market97
Property Features for 1109 Kings Highway
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Appliances
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(816) 416-7090
Listed By:
Harry Meierarend IV · License #2014028599
(816) 258-0479
Added: Aug 4
Changed: Oct 27
Last Checked: Nov 8 at 2:06AM
MLS# 2635185
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.
The duplex contains two two-story residences, each arranged with three bedrooms, two and a half bathrooms, and an open-concept living area. Each unit includes a primary bedroom with a private bath, two additional bedrooms, a full hall bath, and an attached two-car garage. Kitchens are equipped with stainless steel appliances, including a dishwasher, microwave, refrigerator, and electric range; washers and dryers are also listed. The property has vinyl siding and flooring, central electric heat, electric cooling, and a patio.
The parcel contains 0.0943 acres. Public water and public sewer serve the property. The listing identifies the building as under construction.
The parcel contains 0.0943 acres. Public water and public sewer serve the property. The listing identifies the building as under construction.
Key Highlights
- Two residential units, each with 3 bedrooms and 2.5 bathrooms
- Each unit includes an attached 2‑car garage
- Two‑story layouts with open‑concept living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,428
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,560
$308.6K
Cap Rate 7%
$220,400
$220.4K
Cap Rate 9%
$171,422
$171.4K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$23.5K $17.40/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$22.0K $16.33/SF
− OpEx
−$6.6K −$4.90/SF
NOI
$15.4K $11.43/SF
Area
Independence, MO
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 Rate 5%
$308,560
Cap Rate 7%
$220,400
Cap Rate 9%
$171,422
Alternative Uses
Best Use
Multifamily LT 5
$220.4K
$192.9K – $257.1K
NOI $15,428 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$202.3K
$177.0K – $236.0K
NOI $14,162 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 64050, MO
22,223
Population
10,338
Households
2.1
Avg Household Size
39
Median Age
15%
College-Educated
87%
High-School Grad
12.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$46,561
Median Household Income
$36,084
Median Earnings
$915
Median Rent
$137,200
Median Home Value
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Market
Properties on Market for Duplexes in Independence
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-story layout with three bedrooms and an open kitchen and living area.
Where is this duplex located?
The property is located at 1109 Kings Highway Independence, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2.5 bathrooms; Each unit includes an attached 2‑car garage; Two‑story layouts with open‑concept living areas
