Four-Unit Residential
For Sale
$325,000
15208 Bellaire Avenue, Grandview, MO 64030
Residential Income, Grandview, MO
Property Size1,160 SF
Lot Size0.21 Acres
Price / SF$280.17
Days on Market50
Property Features for 15208 Bellaire Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R4
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
4
Parking features
Off Street
Subdivision
Belvidere Heights
Elementary school district
Grandview
Middle school district
Grandview
High school district
Grandview
Directions
I435 S toward St. Louis, follow signs for Wichita, take exit 71 for US 71/I470 E toward US 50 E, use left 2 lanes to merge onto I49/US 71 S via the ramp to Grandview, take exit 176, turn left onto E 166th St, at traffic circle take the 3rd exit onto E 155th St, turn left onto Bellaire Ave, mulitplex is on the left
Standard status
Active
APN
67-730-11-32-00-0-00-000
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
BELVIDERE HEIGHTS ADD LOT 1059
Tax Annual Amount
2304
Legal Description
BELVIDERE HEIGHTS ADD LOT 1059
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
open porch
Building Details
Year built
1963
Floors in Building
2
Number of units
4
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
KW Diamond Partners · Keller Williams Realty
(913) 322-7500
Listed By:
Thomas Martin
(913) 295-1619
Added: Sep 10
Changed: Oct 2
Last Checked: Oct 29 at 2:06PM
MLS# 2641316
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.
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Investment Insights
Based on property information with market context.
Built in 1963, this four-unit residential property has approximately 1,160 square feet above grade. The reported configuration includes four bedrooms and four full bathrooms across the units. Frame construction, vinyl siding, a composition roof, and an open porch are among its exterior features.
The property is served by public water and public sewer. Heating is forced air, cooling is provided by window units, and off-street parking is available. R4 zoning is identified for the site.
The property is served by public water and public sewer. Heating is forced air, cooling is provided by window units, and off-street parking is available. R4 zoning is identified for the site.
Key Highlights
- Four units with a reported total of four bedrooms and four full bathrooms
- Approximately 1,160 square feet above grade
- R4 zoning
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.
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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 - R4-zoned property with forced-air heat, window-unit cooling, and off-street parking.
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 a reported total of four bedrooms and four full bathrooms; Approximately 1,160 square feet above grade; R4 zoning
