Natural-Light Four-Unit
For Sale
$700,000
4330 Troost Ave, Kansas City, MO 64110
Multifamily building with spacious interiors, functional layouts, and strong natural light.
Property Size5,034 SF
Price / SF$139.05
Days on Market35
Property Features for 4330 Troost Ave
General Information
Standard status
Active
Size
5,034 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Listing Agency:
Weichert Realtors - Generations
(816) 582-4332
Listed By:
Mark Colombatto · License #2018022003
Source:
Urbancoolkc
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 25 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors - Generations
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 4330 Troost Ave in Kansas City contains 5,034 square feet of residential space. Constructed in 1910, the building offers generously sized units with practical layouts and substantial natural light. Its configuration provides four separate residential units within one established multifamily asset.
The property is located in Kansas City, Missouri, and is identified by the address 4330 Troost Ave. The building’s unit count, overall size, and long-standing construction date provide a clear basis for evaluating its multifamily configuration.
The property is located in Kansas City, Missouri, and is identified by the address 4330 Troost Ave. The building’s unit count, overall size, and long-standing construction date provide a clear basis for evaluating its multifamily configuration.
Key Highlights
- 5,034 SF multifamily property
- Four residential units in a quadplex configuration
- Built in 1910
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
$58,721
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
8.39%
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%
$1,174,420
$1.2M
Cap Rate 7%
$838,871
$838.9K
Cap Rate 9%
$652,456
$652.5K
Market Conditions
NOI Build-Up for 5,034 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
$89.4K $17.76/SF
− Vacancy
−$5.5K −$1.10/SF
EGI
$83.9K $16.66/SF
− OpEx
−$25.2K −$5.00/SF
NOI
$58.7K $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%
$1,174,420
Cap Rate 7%
$838,871
Cap Rate 9%
$652,456
Alternative Uses
Best Use
Multifamily LT 5
$838.9K
$734.0K – $978.7K
NOI $58,721 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$772.2K
$675.7K – $900.9K
NOI $54,053 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,933 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
670
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?
Quadplex - Multifamily building with spacious interiors, functional layouts, and strong natural light.
Where is this quadplex located?
The property is located at 4330 Troost Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,034 SF multifamily property; Four residential units in a quadplex configuration; Built in 1910
