Three-Bedroom Half
For Sale
$224,000
Pending
309 Canal St, Belton, MO 64012
Two-level residence offers multiple living areas, a fireplace, attached garage, and additional off-street parking.
Property Size1,757 SF
Days on Market61
Property Features for 309 Canal St
General Information
Standard status
Pending
Size
1,757 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
fireplace
private bath
attached garage
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty Partners Inc.
(913) 558-7785
Listed By:
Ask Cathy
(816) 268-4033
Source:
Askcathy
Added: Aug 18
Changed: Oct 16
Last Checked: Oct 16 at 8:29AM
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 Keller Williams Realty Partners Inc.
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Investment Insights
Based on property information with market context.
This 1,757-square-foot half duplex in Belton, Missouri, was built in 2002 and features three bedrooms and three bathrooms. The layout includes a living room with fireplace on the first floor and a separate family room on the lower level. One main-level bedroom includes a private bathroom, while the attached garage and broad driveway provide on-site vehicle parking. The property has also received updates, although specific improvements are not detailed.
Located at 309 Canal Street, the residence offers access to I-49 within minutes. Its duplex configuration, bedroom count, multiple living spaces, and parking improvements support consideration as a residential income property.
Located at 309 Canal Street, the residence offers access to I-49 within minutes. Its duplex configuration, bedroom count, multiple living spaces, and parking improvements support consideration as a residential income property.
Key Highlights
- 3 bedrooms and 3 bathrooms in a 1,757‑square‑foot half duplex
- Built in 2002 with updates completed
- First‑floor living room includes a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,451
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,020
$269.0K
Cap Rate 7%
$192,157
$192.2K
Cap Rate 9%
$149,456
$149.5K
Market Conditions
NOI Build-Up for 1,757 SF
Gross rent
$24.9K $14.16/SF
− Vacancy
−$423 −$0.24/SF
EGI
$24.5K $13.92/SF
− OpEx
−$11.0K −$6.26/SF
NOI
$13.5K $7.66/SF
Area
Cass County, MO
Vacancy
1.70%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,020
Cap Rate 7%
$192,157
Cap Rate 9%
$149,456
Alternative Uses
Best Use
Apartment 5plus
$192.2K
$168.1K – $224.2K
NOI $13,451 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.1K
$346.6K – $462.2K
NOI $27,730 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 64012, MO
28,364
Population
12,722
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
47.2 sq mi
ZIP Area
601
Density / Sq Mi
$71,782
Median Household Income
$43,122
Median Earnings
$1,232
Median Rent
$200,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence offers multiple living areas, a fireplace, attached garage, and additional off-street parking.
Where is this residential income property located?
The property is located at 309 Canal St Belton, MO.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: 3 bedrooms and 3 bathrooms in a 1,757‑square‑foot half duplex; Built in 2002 with updates completed; First‑floor living room includes a fireplace
