Under-Construction Duplex
For Sale
$298,600
Pending
1902 Shellbark Street, Raymore, MO 64083
Residential, Traditional, Raymore, MO
Property Size1,211 SF
Lot Size0.21 Acres
Days on Market63
Property Features for 1902 Shellbark Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Dining Room, Laundry Room, Laundry Room
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Painted Cabinets, Pantry, Stained Cabinets, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Subdivision
Timber Ridge
Lot features
City Lot, Sprinkler- In Ground
Elementary school
Eagle Glen
Middle school
Raymore-Peculiar East
High school
Raymore-Peculiar
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
Timber Ridge is just East of Dean off Johnston Drive and just a few blocks South of 58 Hwy. Take I-49 to 58 Hwy. from 58 Hwy., take E. Outer Road to Johnston Drive. Take Johnston Drive East, just past Dean to Ironwood Drive. Welcome Home!
Standard status
Pending
APN
999999
Size
1,211 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
TIMBER RIDGE LOT 8 A
HOA Fee
$150 Monthly
Legal Description
TIMBER RIDGE LOT 8 A
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
irrigation system
ceiling fan
Building Details
Year built
2026
Flooring type
Vinyl, Carpet, Tile
Building materials
Frame, Lap Siding, Stone Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
ReeceNichols- Leawood Town Center · Reece & Nichols
(913) 345-0700
Listed By:
Shelly Balthazor
(816) 591-6277
Added: Aug 16
Changed: Sep 15
Last Checked: Oct 17 at 1:06PM
MLS# 2637168
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction duplex villa offers 1,211 square feet of single-level living with two bedrooms, two bathrooms, and an open arrangement connecting the living room, kitchen, and dining area. A one-car garage, patio, pantry, kitchen island, walk-in closet, ceiling fan, and laundry room support everyday functionality. Interior finishes include luxury vinyl plank flooring in the main living area, carpet, tile, black matte plumbing fixtures, custom cabinetry, and stainless steel appliances.
The home is planned for completion in 2026 and uses James Hardie ColorPlus siding, stone veneer, double-wall construction, a 96% AFUE natural-gas furnace, 14 SEER electric air conditioning, and an irrigation system. Public water and public sewer serve the property. Lawn maintenance is provided, offering a lower-maintenance ownership format.
The home is planned for completion in 2026 and uses James Hardie ColorPlus siding, stone veneer, double-wall construction, a 96% AFUE natural-gas furnace, 14 SEER electric air conditioning, and an irrigation system. Public water and public sewer serve the property. Lawn maintenance is provided, offering a lower-maintenance ownership format.
Key Highlights
- Duplex villa with 1,211 square feet of living area
- Two bedrooms and two bathrooms in a single‑level layout
- One‑car garage plus patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,409
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,180
$208.2K
Cap Rate 7%
$148,700
$148.7K
Cap Rate 9%
$115,656
$115.7K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$15.1K $12.48/SF
− Vacancy
−$243 −$0.20/SF
EGI
$14.9K $12.28/SF
− OpEx
−$4.5K −$3.68/SF
NOI
$10.4K $8.60/SF
Area
Cass County, MO
Vacancy
1.61%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,180
Cap Rate 7%
$148,700
Cap Rate 9%
$115,656
Alternative Uses
Best Use
Multifamily LT 5
$148.7K
$130.1K – $173.5K
NOI $10,409 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,271 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Single-level living includes a two-bedroom, two-bath layout with lawn maintenance provided.
Where is this duplex located?
The property is located at 1902 Shellbark Street Raymore, MO.
What is the asking price?
The asking price for this property is $298,600.
What are key features of this property?
This property features: Duplex villa with 1,211 square feet of living area; Two bedrooms and two bathrooms in a single‑level layout; One‑car garage plus patio
