Duplex with Two Three-Bedroom
New
For Sale
$240,000
307A E Main Street, Smithville, MO 64089
Residential, Smithville, MO
Property Size1,050 SF
Lot Size0.11 Acres
Price / SF$228.57
Days on Market2
Property Features for 307A E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Basement
Crawl Space
Subdivision
Calvin Smith's Addition
Elementary school district
Smithville
Middle school district
Smithville
High school district
Smithville
Directions
From Highway 169, head east on Main Street. The property is located at 307 E Main Street in Smithville, on the right.
Standard status
Active
APN
05-617-00-07-010.03
Size
1,050 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
CALVIN SMITH'S ADDITION PT LTS 4 & 5 BK 1 & ADJ TR BEG 30'E OF NW COR LT 4 BLK 1, E150, S120, W150, N120 TO POB
Tax Annual Amount
3100
Legal Description
CALVIN SMITH'S ADDITION PT LTS 4 & 5 BK 1 & ADJ TR BEG 30'E OF NW COR LT 4 BLK 1, E150, S120, W150, N120 TO POB
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1990
Flooring type
Carpet, Vinyl
Building materials
Board & Batten Siding
Roof type
Composition
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Sakar Quadir
(816) 298-4040
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 20 at 6:06AM
MLS# 2647778
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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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with three bedrooms and 1.5 bathrooms. In each unit, the full bathroom and half bathroom are located on different levels. The 1,050-square-foot property was built in 1990 and has vinyl and carpet flooring, central natural gas heating, and electric cooling.
The property occupies a 0.1123-acre lot in Smithville, Missouri, near Smithville Lake and its boating, fishing, and outdoor recreation. Public water and sewer serve the property. Construction includes board-and-batten siding and a composition roof.
The property occupies a 0.1123-acre lot in Smithville, Missouri, near Smithville Lake and its boating, fishing, and outdoor recreation. Public water and sewer serve the property. Construction includes board-and-batten siding and a composition roof.
Key Highlights
- Two separate residential units, each with 3 bedrooms and 1.5 bathrooms
- Full and half bathrooms in each unit are on separate levels
- 1,050 square feet on a 0.1123‑acre lot
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has 1.5 bathrooms, with full and half baths on separate levels.
Where is this duplex located?
The property is located at 307A E Main Street 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 separate residential units, each with 3 bedrooms and 1.5 bathrooms; Full and half bathrooms in each unit are on separate levels; 1,050 square feet on a 0.1123‑acre lot
