Newly Built Three-Bedroom
For Sale
$450,000
4329/4331 Spruce Avenue, Kansas City, MO 64130
Each residence offers separate utilities, fenced outdoor space, and main-level laundry.
Property Size2,438 SF
Price / SF$184.58
Days on Market728
Property Features for 4329/4331 Spruce Avenue
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$120
Building Details
Year Built
2024
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Cobey Cooper · License #1742886
(913) 713-9484
Source:
Exitrealty
Added: Oct 18, 2024
Changed: Sep 2
Last Checked: Sep 15 at 4:28AM
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 Welch & Co.
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,438-square-foot duplex contains two newly constructed residences, each with three bedrooms and two-and-a-half bathrooms. Both sides feature open main-level living areas, abundant daylight, a covered front porch, and a fenced yard. Washer and dryer connections are located on the main level, supporting convenient daily use and household functionality.
Each unit has its own gas meter, central air, water heater, and 200 AMP electric service. The property is positioned east of Kansas City's Plaza and Midtown areas. A 10-year tax abatement is also associated with the property.
Each unit has its own gas meter, central air, water heater, and 200 AMP electric service. The property is positioned east of Kansas City's Plaza and Midtown areas. A 10-year tax abatement is also associated with the property.
Key Highlights
- 2024 construction with 2,438 SF across two duplex residences
- Each side includes 3 bedrooms and 2.5 bathrooms
- Separate gas meters, central air, water heaters, and 200 AMP electric service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,439
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,780
$568.8K
Cap Rate 7%
$406,271
$406.3K
Cap Rate 9%
$315,989
$316.0K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$43.3K $17.76/SF
− Vacancy
−$2.7K −$1.10/SF
EGI
$40.6K $16.66/SF
− OpEx
−$12.2K −$5.00/SF
NOI
$28.4K $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 Rate 5%
$568,780
Cap Rate 7%
$406,271
Cap Rate 9%
$315,989
Alternative Uses
Best Use
Multifamily LT 5
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$374.0K
$327.2K – $436.3K
NOI $26,178 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 64130, MO
20,707
Population
10,952
Households
1.9
Avg Household Size
38
Median Age
13%
College-Educated
86%
High-School Grad
7.1 sq mi
ZIP Area
2,916
Density / Sq Mi
$40,770
Median Household Income
$36,383
Median Earnings
$1,003
Median Rent
$71,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers separate utilities, fenced outdoor space, and main-level laundry.
Where is this duplex located?
The property is located at 4329/4331 Spruce Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2024 construction with 2,438 SF across two duplex residences; Each side includes 3 bedrooms and 2.5 bathrooms; Separate gas meters, central air, water heaters, and 200 AMP electric service for each unit
