4-Unit Quadplex with Open
For Sale
$325,000
15208 Bellaire Avenue, Grandview, MO 64030
Four residential units feature forced-air heating and an open porch.
Property Size1,160 SF
Lot Size0.22 Acres
Price / SF$280.17
Days on Market9
Property Features for 15208 Bellaire Avenue
General Information
Standard status
Active
Size
1,160 SF
Total Parking Spaces
4
Lot size
0.22 Acres
Property subtype
Residential Income
Zoning
R4
Additional Details
Multifamily Units
4
Amenities
open porch
Building Details
Year Built
1963
Stories
2
Units
4
Listing Agency:
KW Diamond Partners
Listed By:
Thomas Martin
(913) 322-7500
Source:
Fishburnrealtyllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 9:27PM
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 KW Diamond Partners
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Investment Insights
Based on property information with market context.
This four-unit residential property in Grandview, Missouri, contains four bedrooms and four full bathrooms. The building provides approximately 1,160 square feet above grade and includes forced-air heating, vinyl siding, a composition roof, a concrete foundation, and an open porch. It was built in 1963 and is zoned R4.
The property occupies an approximately 9,439-square-foot lot, with shopping, dining, schools, and major roadways accessible nearby.
The property occupies an approximately 9,439-square-foot lot, with shopping, dining, schools, and major roadways accessible nearby.
Key Highlights
- Four units with four bedrooms and four full bathrooms
- Approximately 1,160 square feet above grade
- Approximately 9,439‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,584
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,680
$231.7K
Cap Rate 7%
$165,486
$165.5K
Cap Rate 9%
$128,711
$128.7K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$17.8K $15.36/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$16.5K $14.27/SF
− OpEx
−$5.0K −$4.28/SF
NOI
$11.6K $9.99/SF
Area
Jackson County, MO
Vacancy
7.12%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,680
Cap Rate 7%
$165,486
Cap Rate 9%
$128,711
Alternative Uses
Best Use
Multifamily LT 5
$165.5K
$144.8K – $193.1K
NOI $11,584 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$152.8K
$133.7K – $178.2K
NOI $10,694 @ 7.0% cap · market cap 3.29%
Theoretical Best
Warehouse
$305.1K
$267.0K – $355.9K
NOI $21,356 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
Demographics for 64030, MO
26,154
Population
11,869
Households
2.2
Avg Household Size
35
Median Age
24%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$53,207
Median Household Income
$37,600
Median Earnings
$1,003
Median Rent
$171,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature forced-air heating and an open porch.
Where is this quadplex located?
The property is located at 15208 Bellaire Avenue Grandview, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four units with four bedrooms and four full bathrooms; Approximately 1,160 square feet above grade; Approximately 9,439‑square‑foot lot
