Updated Duplex with Finished
New
For Sale
$250,000
203 W Foxwood Drive, Raymore, MO 64083
DUPLEX - Other - Raymore, MO
Property Size1,784 SF
Lot Size0.17 Acres
Price / SF$140.13
Days on Market4
Property Features for 203 W Foxwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Dining Room, Basement, Bedroom 1, Den, Family Room, Bathroom 2, Bedroom 2
Interior features
Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)
Fireplace
1
Basement
Finished
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Subdivision
Heritage Hills
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
From 58 Hwy, North on Madison, Right on West Foxwood. Home is on the right.
Standard status
Active
APN
2242800
Size
1,784 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
HERITAGE HILLS LOT 4 EX E56.80'
Tax Annual Amount
2009
Legal Description
HERITAGE HILLS LOT 4 EX E56.80'
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1985
Flooring type
Tile, Carpet, Laminate
Building materials
Brick Veneer, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Shelly Mowry
(816) 916-0773
Added: Aug 6
Changed: Aug 8
Last Checked: Aug 9 at 6:06PM
MLS# 2635423
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.
Investment Insights
Based on property information with market context.
This 1,784-square-foot duplex, built in 1985, combines a vaulted main living area with a formal dining room, loft, kitchen, and finished basement. The kitchen includes gray cabinetry, stainless steel appliances, wood flooring, a dishwasher, disposal, microwave, refrigerator, and electric range. Interior features also include ceiling fans, walk-in closets, tile, laminate, and carpet flooring, along with a fireplace and forced-air heating.
The primary suite has an updated bathroom with a wood accent wall and modern lighting, while the second full bath includes updated tile and a new vanity. The basement provides additional living space and a non-conforming third bedroom suitable for guest accommodations or office use. Outside, a large deck overlooks mature trees. The property occupies 0.1664 acres and has public water and public sewer.
The primary suite has an updated bathroom with a wood accent wall and modern lighting, while the second full bath includes updated tile and a new vanity. The basement provides additional living space and a non-conforming third bedroom suitable for guest accommodations or office use. Outside, a large deck overlooks mature trees. The property occupies 0.1664 acres and has public water and public sewer.
Key Highlights
- 1,784 SF duplex built in 1985
- Finished basement with non‑conforming third bedroom
- Updated primary and second full bathrooms
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
$15,334
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
6.13%
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%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 1,784 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
$22.3K $12.48/SF
− Vacancy
−$358 −$0.20/SF
EGI
$21.9K $12.28/SF
− OpEx
−$6.6K −$3.68/SF
NOI
$15.3K $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 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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Multifamily LT 5
$219.1K
$191.7K – $255.6K
NOI $15,334 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,658 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$402.2K
$352.0K – $469.3K
NOI $28,156 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
305
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex featuring updated baths, vaulted ceilings, a finished basement, and a private deck facing mature trees.
Where is this duplex located?
The property is located at 203 W Foxwood Drive Raymore, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,784 SF duplex built in 1985; Finished basement with non‑conforming third bedroom; Updated primary and second full bathrooms
