Newly Built Three-Bedroom
4329/4331 Spruce Avenue, Kansas City, MO 64130
For Sale
$450,000
Each residence offers separate utilities, fenced outdoor space, and main-level laundry.
Property Size2,438 SF
Price / SF$184.58
Days on Market724
Property Features for 4329/4331 Spruce Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Cobey Cooper · License #1742886
(913) 713-9484
Source:
Exitrealty
Added: Nov 16, 2024
Changed: Oct 26
Last Checked: Oct 14 at 8:48PM
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 Weichert, Realtors Welch & Co.
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Investment Insights
Based on property information with market context.
Completed in 2024, this 2,438-square-foot duplex contains two newly constructed residences, each with three bedrooms and two-and-a-half bathrooms. Both sides feature open main-level living areas, abundant daylight, a covered front porch, and a fenced yard. Washer and dryer connections are located on the main level, supporting convenient daily use and household functionality.
Each unit has its own gas meter, central air, water heater, and 200 AMP electric service. The property is positioned east of Kansas City's Plaza and Midtown areas. A 10-year tax abatement is also associated with the property.
Each unit has its own gas meter, central air, water heater, and 200 AMP electric service. The property is positioned east of Kansas City's Plaza and Midtown areas. A 10-year tax abatement is also associated with the property.
Key Highlights
- 2024 construction with 2,438 SF across two duplex residences
- Each side includes 3 bedrooms and 2.5 bathrooms
- Separate gas meters, central air, water heaters, and 200 AMP electric service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,439
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,780
$568.8K
Cap Rate 7%
$406,271
$406.3K
Cap Rate 9%
$315,989
$316.0K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$43.3K $17.76/SF
− Vacancy
−$2.7K −$1.10/SF
EGI
$40.6K $16.66/SF
− OpEx
−$12.2K −$5.00/SF
NOI
$28.4K $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 Rate 5%
$568,780
Cap Rate 7%
$406,271
Cap Rate 9%
$315,989
Alternative Uses
Best Use
Multifamily LT 5
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$374.0K
$327.2K – $436.3K
NOI $26,178 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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Business Placement
Demographics for 64130, MO
20,707
Population
10,952
Households
1.9
Avg Household Size
38
Median Age
13%
College-Educated
86%
High-School Grad
7.1 sq mi
ZIP Area
2,916
Density / Sq Mi
$40,770
Median Household Income
$36,383
Median Earnings
$1,003
Median Rent
$71,500
Median Home Value
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Market
Properties on Market for Duplexes in Kansas City
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers separate utilities, fenced outdoor space, and main-level laundry.
Where is this duplex located?
The property is located at 4329/4331 Spruce Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2024 construction with 2,438 SF across two duplex residences; Each side includes 3 bedrooms and 2.5 bathrooms; Separate gas meters, central air, water heaters, and 200 AMP electric service for each unit
