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    Updated Kansas City Multi-Family Residence Title is generated by Realmo AI

    2122 Park Avenue, Kansas City, MO 64127

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    For Sale
    $295,000

    MULTI_FAMILY - Kansas City, MO

    Lot size:
    0.09 Acres
    Added:
    Aug 1, 2025
    Days on Market:
    286
    Last Refresh:
    May 13 at 11:06 pm

    Property Features for 2122 Park Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MLT
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Basement
    Parking features
    Off Street
    Patio and Porch features
    Deck, Patio
    Interior features
    Common Entry
    Standard status
    Active
    APN
    29-610-30-15-00-0-00-000
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    BROOKLYN HEIGHTS S 29' OF N 36' OF LOT 10 BLK 6
    Tax Annual Amount
    4767

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    2
    Building materials
    Board & Batten Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Danielle Guzman
    Danielle Guzman

    Listing agent Danielle Guzman License #2013033025

    Listing office Chartwell Realty LLC 751 NE Anderson Lane, Lee's Summit, MO

    Listing date Aug 1, 2025

    MLS# 2566983 Listing URL

    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.

    HighLights

    • Potential for use as an Airbnb or rental property, offering immediate income potential.
    • Easily convertible back to a single‑family home, providing flexibility for different living arrangements.
    • Prime location minutes from downtown Kansas City, the Crossroads, and City Market.
    • Updated residence with character and charm.
    • Features a patio and deck for outdoor enjoyment.
    • Off‑street parking available.

    Overview

    This updated converted residence offers flexibility and character. It is located minutes from downtown, the Crossroads, City Market, and major highways. The property is suitable for investors to add to their portfolio. The units are metered separately. The property could be converted back to a single-family home. One unit is currently used as an Airbnb. The lot size is 0.0865 acres. The zoning is MLT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.555815
    Latitude
    39.085936

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    FAQs

    What type of property is this?
    Duplex - Updated residence near downtown Kansas City, ideal for investors.
    Where is this duplex located?
    The property is located at 2122 Park Avenue Kansas City, MO.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Potential for use as an Airbnb or rental property, offering immediate income potential.; Easily convertible back to a single‑family home, providing flexibility for different living arrangements.; Prime location minutes from downtown Kansas City, the Crossroads, and City Market.
    (816) 825-6439
    We can help!
    Listing Contact
    Danielle Guzman
    Danielle Guzman
    Real Estate License ID: 2013033025
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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