Two-Unit
For Sale
$240,000
307B E Main Street, Smithville, MO 64089
Residential, Smithville, MO
Property Size1,050 SF
Lot Size0.11 Acres
Price / SF$228.57
Days on Market12
Property Features for 307B E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
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 r
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 Commencing at the Northwest Corner of said Lot 1, CALVIN SMITH'S ADDITION, BLOCK 2, a subdivision in Smithville, Clay County, Missouri; Thence North 89 degrees 05'19" West along the North Line of the Vacated Street of Winner Avenue, 65.00 feet to the Point of Beginning; Thence South 00 degrees 54'41" West along the East Line of said Tract I, 120.00 feet to the South Line of said Tract l; Thence North 89 degrees 05'19" West along the south Line of said Tract I, 39.95 feet; Thence North 00 degrees 08'50" East along the West Line of said Tract I, 120.01 feet to the North Line of said Tract I; Thence South 89 degrees 05'19" East along the North Line of said Tract l, 41.55 feet to the Point of Beginning. Contains 4,890 square feet or 0.11 acres more or less.
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 Commencing at the Northwest Corner of said Lot 1, CALVIN SMITH'S ADDITION, BLOCK 2, a subdivision in Smithville, Clay County, Missouri; Thence North 89 degrees 05'19" West along the North Line of the Vacated Street of Winner Avenue, 65.00 feet to the Point of Beginning; Thence South 00 degrees 54'41" West along the East Line of said Tract I, 120.00 feet to the South Line of said Tract l; Thence North 89 degrees 05'19" West along the south Line of said Tract I, 39.95 feet; Thence North 00 degrees 08'50" East along the West Line of said Tract I, 120.01 feet to the North Line of said Tract I; Thence South 89 degrees 05'19" East along the North Line of said Tract l, 41.55 feet to the Point of Beginning. Contains 4,890 square feet or 0.11 acres more or less.
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 24
Last Checked: Oct 30 at 2:06PM
MLS# 2647776
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.
Built in 1990, this duplex contains two separate residences, each with three bedrooms and one and a half bathrooms. The 1,050-square-foot property sits on a 0.1123-acre lot and has board-and-batten siding, composition roofing, and vinyl and carpet flooring. Heating is natural gas with central distribution, and cooling is electric. The property is served by public water and public sewer.
The duplex is in Smithville, near Smithville Lake and its boating, fishing, and outdoor recreation. The two-unit configuration and separate living spaces are central features of the property.
The duplex is in Smithville, near Smithville Lake and its boating, fishing, and outdoor recreation. The two-unit configuration and separate living spaces are central features of the property.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- 1,050 square feet on a 0.1123‑acre lot
- Built in 1990 with board‑and‑batten siding and composition roofing
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 offers three bedrooms and one and a half bathrooms in a two-unit rental property.
Where is this duplex located?
The property is located at 307B 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 residences, each with 3 bedrooms and 1.5 bathrooms; 1,050 square feet on a 0.1123‑acre lot; Built in 1990 with board‑and‑batten siding and composition roofing
