Two-Unit
For Sale
$240,000
307A E Main St, Smithville, MO 64089
Each residence has three bedrooms and bathrooms on separate levels.
Property Size1,050 SF
Price / SF$228.57
Days on Market13
Property Features for 307A E Main St
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Weichert Realtors - Generations
(913) 689-9206
Listed By:
Ask Cathy
(816) 268-4033
Source:
Askcathy
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 2:40PM
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 Weichert Realtors - Generations
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in Smithville, Missouri, contains two separate residences. Each side offers three bedrooms, one full bathroom, and one half bathroom, with the bathrooms arranged on different levels. The property was built in 1990.
Smithville Lake is nearby, with boating, fishing, and other outdoor recreation available in the area.
Smithville Lake is nearby, with boating, fishing, and other outdoor recreation available in the area.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- Full and half bathrooms are located on separate levels in each residence
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,020
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,400
$200.4K
Cap Rate 7%
$143,143
$143.1K
Cap Rate 9%
$111,333
$111.3K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$15.8K $15.00/SF
− Vacancy
−$1.4K −$1.37/SF
EGI
$14.3K $13.63/SF
− OpEx
−$4.3K −$4.09/SF
NOI
$10.0K $9.54/SF
Area
Clay County, MO
Vacancy
9.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,400
Cap Rate 7%
$143,143
Cap Rate 9%
$111,333
Alternative Uses
Best Use
Multifamily LT 5
$143.1K
$125.3K – $167.0K
NOI $10,020 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$127.1K
$111.2K – $148.3K
NOI $8,896 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,504 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 64089, MO
13,681
Population
5,471
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
60.9 sq mi
ZIP Area
225
Density / Sq Mi
$101,063
Median Household Income
$58,482
Median Earnings
$1,212
Median Rent
$307,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and bathrooms on separate levels.
Where is this duplex located?
The property is located at 307A E Main St Smithville, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 bathrooms; Full and half bathrooms are located on separate levels in each residence; Built in 1990
