Updated Two-Unit
New
For Sale
$310,000
143 COUNTY ROAD 402A, Fayette, MO 65248
Both residences offer three bedrooms, two full bathrooms, and separate washer and dryer hookups.
Property Size3,168 SF
Lot Size3.00 Acres
Price / SF$97.85
Days on Market3
Property Features for 143 COUNTY ROAD 402A
General Information
Standard status
Active
Size
3,168 SF
Total Parking Spaces
2
Lot size
3.00 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
washer/dryer hook-ups
Airlink Fiber internet
Building Details
Year Built
1996
Buildings
1
Stories
2
Listing Agency:
Weichert, Realtors - House Of Brokers
Listed By:
Russell Boyt Real Estate Group
(573) 510-2050
Source:
Livelovemissouri
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 3 at 2:23AM
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 - House Of Brokers
Investment Insights
Based on property information with market context.
This 1996 duplex contains 3,168 square feet across two residences, each with three bedrooms and two full bathrooms, including a primary ensuite. Remodeling completed in 2025 and 2026 included new kitchens with cabinets, appliances, and granite countertops, along with updated flooring, paint, and light fixtures. The property also has a two-car garage, two outbuildings, and washer and dryer hookups in both units. A new roof and one new AC unit were installed in 2026.
Set on 3 acres at the end of County Road 402A, the property is just outside Fayette. The upper residence is occupied on a month-to-month basis, and Airlink Fiber internet is accessible.
Set on 3 acres at the end of County Road 402A, the property is just outside Fayette. The upper residence is occupied on a month-to-month basis, and Airlink Fiber internet is accessible.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 3,168 square feet on 3 acres
- Remodeling work completed in 2025 and 2026
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
$26,126
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
8.43%
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%
$522,520
$522.5K
Cap Rate 7%
$373,229
$373.2K
Cap Rate 9%
$290,289
$290.3K
Market Conditions
NOI Build-Up for 3,168 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
$39.9K $12.60/SF
− Vacancy
−$2.6K −$0.82/SF
EGI
$37.3K $11.78/SF
− OpEx
−$11.2K −$3.53/SF
NOI
$26.1K $8.25/SF
Area
Howard County, MO
Vacancy
6.50%
Lease Rate
$12.60 /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%
$522,520
Cap Rate 7%
$373,229
Cap Rate 9%
$290,289
Alternative Uses
Best Use
Multifamily LT 5
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$350.0K
$306.3K – $408.4K
NOI $24,501 @ 7.0% cap · market cap 7.90%
Theoretical Best
Warehouse
$491.2K
$429.8K – $573.0K
NOI $34,382 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 65248, MO
4,781
Population
1,815
Households
2.6
Avg Household Size
33
Median Age
31%
College-Educated
90%
High-School Grad
172.6 sq mi
ZIP Area
28
Density / Sq Mi
$53,797
Median Household Income
$30,000
Median Earnings
$838
Median Rent
$141,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two full bathrooms, and separate washer and dryer hookups.
Where is this duplex located?
The property is located at 143 COUNTY ROAD 402A Fayette, MO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 3,168 square feet on 3 acres; Remodeling work completed in 2025 and 2026
