Residential
For Sale
$250,000
Pending
3737-3741 Monroe Avenue, Kansas City, MO 64128
Two-unit residential property with electric and natural gas service in Kansas City.
Property Size2,032 SF
Days on Market63
Property Features for 3737-3741 Monroe Avenue
General Information
Standard status
Pending
Size
2,032 SF
Property subtype
Residential Income
Zoning
res
Taxes and HOA fees
Annual Taxes
$2,119
Amenities
Electric
Natural Gas
Assigned
Building Details
Building Size
2,032 SF
Year Built
2004
Stories
1
Listing Agency:
(816) 914-8805
Listed By:
Lois Roberts
(816) 914-8805
Source:
Evrealestate
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 30 at 2:35PM
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 Lois Roberts
Investment Insights
Based on property information with market context.
This duplex at 3737-3741 Monroe Avenue in Kansas City, Missouri, was built in 2004 and is designated for residential use. The property has electric and natural gas service.
Access is available from I-70 via the Manchester Trafficway exit, with the route continuing through Stadium Drive, Leeds Trafficway, E. 39th Street, and Monroe Avenue. The property is located in Jackson County.
Access is available from I-70 via the Manchester Trafficway exit, with the route continuing through Stadium Drive, Leeds Trafficway, E. 39th Street, and Monroe Avenue. The property is located in Jackson County.
Key Highlights
- Duplex property at 3737‑3741 Monroe Avenue, Kansas City, MO 64128
- Built in 2004
- Residential zoning designation: res
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
$21,819
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
8.73%
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%
$436,380
$436.4K
Cap Rate 7%
$311,700
$311.7K
Cap Rate 9%
$242,433
$242.4K
Market Conditions
NOI Build-Up for 2,032 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
$42.4K $20.88/SF
− Vacancy
−$2.8K −$1.36/SF
EGI
$39.7K $19.52/SF
− OpEx
−$17.9K −$8.79/SF
NOI
$21.8K $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 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%
$436,380
Cap Rate 7%
$311,700
Cap Rate 9%
$242,433
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,703 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$311.7K
$272.7K – $363.7K
NOI $21,819 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,880 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 64128, MO
11,872
Population
6,681
Households
1.8
Avg Household Size
37
Median Age
10%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,957
Density / Sq Mi
$35,257
Median Household Income
$31,227
Median Earnings
$926
Median Rent
$64,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with electric and natural gas service in Kansas City.
Where is this duplex located?
The property is located at 3737-3741 Monroe Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex property at 3737‑3741 Monroe Avenue, Kansas City, MO 64128; Built in 2004; Residential zoning designation: res
