Duplex with Converted Garage
New
For Sale
$230,000
1302 Laurel Street, Kearney, MO 64060
DUPLEX - Other - Kearney, MO
Property Size2,280 SF
Lot Size0.25 Acres
Price / SF$100.88
Days on Market4
Property Features for 1302 Laurel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio, Deck
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Disposal, Electric Range
Subdivision
Southbrook
Lot features
Estate Lot
Elementary school district
Kearney
Middle school district
Kearney
High school district
Kearney
Directions
I-35 To 92 Hwy E. To Hwy 33 So. To Southbrook, Left Across Dam,1st Left
Standard status
Active
APN
07-913-00-14-009.06
Size
2,280 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
lot 153, Southbrook, 9th Plat, a subdivision in Kearney, Clay County, Missouri
Tax Annual Amount
1990
Legal Description
lot 153, Southbrook, 9th Plat, a subdivision in Kearney, Clay County, Missouri
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1986
Flooring type
Vinyl, Carpet, Tile
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Premium Realty Group LLC
(816) 224-5650
Listed By:
Amy Arndorfer · License #2000156181
(816) 215-9731
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 30 at 4:06PM
MLS# 2633873
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 duplex includes a spacious, functional layout with 3 bedrooms and 2.5 bathrooms. The garage has been converted into additional living space, allowing flexible use as a family room, home office, playroom, or workout area. New flooring runs throughout the home, and the exterior features a fully fenced backyard with a storage shed.
The property is located in Kearney, Missouri, in Clay County, with access to nearby schools, parks, shopping, dining, and easy highway access.
Set on a 0.25-acre lot, the backyard backs to a wooded area, providing additional privacy and a view.
The property is located in Kearney, Missouri, in Clay County, with access to nearby schools, parks, shopping, dining, and easy highway access.
Set on a 0.25-acre lot, the backyard backs to a wooded area, providing additional privacy and a view.
Key Highlights
- Duplex built in 1986 featuring 3 bedrooms and 2.5 bathrooms per unit with a functional floor plan
- Garage converted into additional living space for a family room, home office, playroom, or workout area
- New flooring throughout with tile, vinyl, and carpet; ceiling fans included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $17.04 |
| − Vacancy | −$3.7k | −$1.64 |
| EGI | $35.1k | $15.40 |
| − OpEx | −$15.8k | −$6.93 |
| NOI | $19.3k | $8.47 |
2,280 SF · lease $17.04/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,757 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$276.0K
$241.5K – $322.0K
NOI $19,317 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$698.1K
$610.8K – $814.4K
NOI $48,865 @ 7.0% cap · market cap 21.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 64060, MO
15,340
Population
6,641
Households
2.3
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
58.6 sq mi
ZIP Area
262
Density / Sq Mi
$107,626
Median Household Income
$58,227
Median Earnings
$1,096
Median Rent
$322,100
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 - Duplex offering 3 bedrooms and 2.5 bathrooms per unit, plus a converted garage and a fully fenced backyard.
Where is this duplex located?
The property is located at 1302 Laurel Street Kearney, MO.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex built in 1986 featuring 3 bedrooms and 2.5 bathrooms per unit with a functional floor plan; Garage converted into additional living space for a family room, home office, playroom, or workout area; New flooring throughout with tile, vinyl, and carpet; ceiling fans included
