Six-Unit Apartment
3237 Garfield Avenue, Kansas City, MO 64109
For Sale
New
Contact for pricing
Fully leased with six two-bedroom apartments, the property provides an established rental configuration.
Property Size4,400 SF
Price / SF$161.36
Days on Market3
Property Features for 3237 Garfield Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Coach Johnson Realty
Listed By:
Ricky Johnson
(816) 805-6848
Source:
Crexi
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:21PM
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 Coach Johnson Realty
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Investment Insights
Based on property information with market context.
This multifamily building contains six apartments, each with two bedrooms, across approximately 4,400 square feet. All six units are occupied, with six tenants in place.
The side and rear portions of the property are fenced. The exterior area may accommodate off-street parking, subject to applicable requirements and approvals.
The side and rear portions of the property are fenced. The exterior area may accommodate off-street parking, subject to applicable requirements and approvals.
Key Highlights
- Six apartments, each with two bedrooms
- Approximately 4,400 square feet
- All six units occupied by six tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,245
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,900
$944.9K
Cap Rate 7%
$674,929
$674.9K
Cap Rate 9%
$524,944
$524.9K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$91.9K $20.88/SF
− Vacancy
−$6.0K −$1.36/SF
EGI
$85.9K $19.52/SF
− OpEx
−$38.7K −$8.79/SF
NOI
$47.2K $10.74/SF
Area
Kansas City, MO
Vacancy
6.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,900
Cap Rate 7%
$674,929
Cap Rate 9%
$524,944
Alternative Uses
Best Use
Apartment 5plus
$674.9K
$590.6K – $787.4K
NOI $47,245 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.0K – $1.22M
NOI $73,362 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 64109, MO
10,290
Population
6,103
Households
1.7
Avg Household Size
34
Median Age
35%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
4,900
Density / Sq Mi
$42,861
Median Household Income
$38,585
Median Earnings
$919
Median Rent
$240,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Kansas City
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased with six two-bedroom apartments, the property provides an established rental configuration.
Where is this apartment building located?
The property is located at 3237 Garfield Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms; Approximately 4,400 square feet; All six units occupied by six tenants
