New Construction
1702 Greeley Ave, Kansas City, KS 66104
For Sale
New
$259,000
The duplex offers 2,302 square feet across residences designed for comfortable living.
Property Size2,302 SF
Price / SF$112.51
Days on Market5
Property Features for 1702 Greeley Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Lynch Real Estate
(913) 481-6847
Listed By:
Ask Cathy
(816) 268-4033
Source:
Askcathy
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 7:24AM
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 Lynch Real Estate
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Investment Insights
Based on property information with market context.
This newly constructed duplex contains 2,302 square feet. Its residential layout is designed for comfortable living, with finishes and construction intended for lasting use.
Key Highlights
- Newly constructed duplex
- 2,302 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,865
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,300
$417.3K
Cap Rate 7%
$298,071
$298.1K
Cap Rate 9%
$231,833
$231.8K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$31.8K $13.80/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.8K $12.95/SF
− OpEx
−$8.9K −$3.88/SF
NOI
$20.9K $9.06/SF
Area
Kansas City, KS
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,300
Cap Rate 7%
$298,071
Cap Rate 9%
$231,833
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.8K – $347.8K
NOI $20,865 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$274.0K
$239.7K – $319.6K
NOI $19,178 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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Business Placement
Demographics for 66104, KS
27,509
Population
11,088
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
79%
High-School Grad
16.2 sq mi
ZIP Area
1,698
Density / Sq Mi
$56,745
Median Household Income
$32,325
Median Earnings
$996
Median Rent
$117,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Kansas City
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The duplex offers 2,302 square feet across residences designed for comfortable living.
Where is this duplex located?
The property is located at 1702 Greeley Ave Kansas City, KS.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Newly constructed duplex; 2,302 square feet total
