Maintained Duplex with
New
For Sale
$305,000
3504 NW 93rd Street, Kansas City, MO 64154
DUPLEX - Other - Kansas City, MO
Property Size1,304 SF
Lot Size0.20 Acres
Price / SF$233.90
Days on Market7
Property Features for 3504 NW 93rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Security features
Security System
Window features
Skylight(s)
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Smart Thermostat, Vaulted Ceiling(s)
Appliances
Dishwasher, Microwave, Refrigerator, Electric Range, Stainless Steel Appliance(s)
Subdivision
Genesis Trails at Green Hills
Lot features
Sprinkler- In Ground
Elementary school
Pathfinder
Middle school
Barry Middle
High school
Platte County R-III
Elementary school district
Platte County R-III
Middle school district
Platte County R-III
High school district
Platte County R-III
Directions
From Old Stage Coach Road, Take Gower to 93rd St
Standard status
Active
APN
19-20-04-200-001-057-001
Size
1,304 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
GENESIS TRAILS 2ND LOT 57B
Tax Annual Amount
2532
HOA Fee
$167 Monthly
Legal Description
GENESIS TRAILS 2ND LOT 57B
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
back patio
Building Details
Year built
2019
Flooring type
Carpet, Ceramic floor
Building materials
Stone Veneer, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Mike Russell · License #SP00225692
(913) 523-6427
Added: Aug 1
Changed: Aug 7
Last Checked: Aug 7 at 12:06PM
MLS# 2634737
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.
Investment Insights
Based on property information with market context.
This 1,304-square-foot duplex was built in 2019 and offers one-level living on a 0.2-acre lot. The interior includes three bedrooms, two bathrooms, an open-concept layout, vaulted ceilings, LVT flooring, ceramic tile, carpet, and a living area connected to a large patio. A primary suite, laundry room, ceiling fans, and a smart thermostat add to the interior configuration. The kitchen is equipped with a dishwasher, microwave, refrigerator, electric range, and stainless steel appliances.
Located in Kansas City’s Platte County, the property is served by public water and public sewer. Stone veneer and vinyl siding complement the exterior, while electric heating and cooling support year-round operation. The property is near Zona Rosa and provides access to Kansas City International Airport.
Located in Kansas City’s Platte County, the property is served by public water and public sewer. Stone veneer and vinyl siding complement the exterior, while electric heating and cooling support year-round operation. The property is near Zona Rosa and provides access to Kansas City International Airport.
Key Highlights
- 1,304‑square‑foot duplex built in 2019
- Three bedrooms and two bathrooms
- One‑level layout with open‑concept living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,211
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,220
$304.2K
Cap Rate 7%
$217,300
$217.3K
Cap Rate 9%
$169,011
$169.0K
Market Conditions
NOI Build-Up for 1,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $17.76/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$21.7K $16.66/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.2K $11.66/SF
Area
Kansas City, MO
Vacancy
6.17%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,220
Cap Rate 7%
$217,300
Cap Rate 9%
$169,011
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.1K – $253.5K
NOI $15,211 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,002 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$310.6K
$271.8K – $362.4K
NOI $21,742 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 64154, MO
12,986
Population
6,343
Households
2
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
12.9 sq mi
ZIP Area
1,007
Density / Sq Mi
$92,686
Median Household Income
$51,870
Median Earnings
$1,384
Median Rent
$351,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One-level duplex with three bedrooms, open living space, and access to a large rear patio.
Where is this duplex located?
The property is located at 3504 NW 93rd Street Kansas City, MO.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,304‑square‑foot duplex built in 2019; Three bedrooms and two bathrooms; One‑level layout with open‑concept living area
