One-Level Duplex
For Sale
$245,000
4605 Appleton Avenue, Kansas City, MO 64133
2023-built property with vinyl siding, luxury vinyl plank flooring, and a covered porch.
Property Size1,300 SF
Days on Market11
Property Features for 4605 Appleton Avenue
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,148
Amenities
covered porch
Building Details
Building Size
1,300 SF
Year Built
2023
Stories
1
Construction
ranch
Listing Agency:
Keller Williams Platinum Prtnr
(816) 525-7000
Listed By:
Bill Reifeiss · License #2006007171
(816) 525-7000
Source:
Community-realty
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 22 at 12:36PM
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 Platinum Prtnr
Investment Insights
Based on property information with market context.
This 2023-built duplex property is described as a single-level ranch-style improvement with vinyl siding and luxury vinyl plank flooring. The interior includes an open-concept arrangement with family and dining areas, plus a primary suite with a vaulted ceiling, upgraded shower, dual vanities, and a walk-in closet. The property also includes a two-car garage and a covered porch.
The address is near Royal Meadows Golf Course and provides access to I-70 for regional commuting. The source description identifies three bedrooms and two baths, although it does not provide a unit-by-unit breakdown.
The address is near Royal Meadows Golf Course and provides access to I-70 for regional commuting. The source description identifies three bedrooms and two baths, although it does not provide a unit-by-unit breakdown.
Key Highlights
- 2023 construction with one‑level ranch‑style layout
- Vinyl siding exterior and luxury vinyl plank flooring
- Open‑concept family and dining areas
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
$14,857
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
6.06%
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%
$297,140
$297.1K
Cap Rate 7%
$212,243
$212.2K
Cap Rate 9%
$165,078
$165.1K
Market Conditions
NOI Build-Up for 1,300 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
$22.6K $17.40/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$21.2K $16.33/SF
− OpEx
−$6.4K −$4.90/SF
NOI
$14.9K $11.43/SF
Area
ZIP 64133
Vacancy
6.17%
Lease Rate
$17.40 /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%
$297,140
Cap Rate 7%
$212,243
Cap Rate 9%
$165,078
Alternative Uses
Best Use
Multifamily LT 5
$212.2K
$185.7K – $247.6K
NOI $14,857 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$194.8K
$170.5K – $227.3K
NOI $13,638 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$308.0K
$269.5K – $359.3K
NOI $21,558 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
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 - 2023-built property with vinyl siding, luxury vinyl plank flooring, and a covered porch.
Where is this duplex located?
The property is located at 4605 Appleton Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2023 construction with one‑level ranch‑style layout; Vinyl siding exterior and luxury vinyl plank flooring; Open‑concept family and dining areas
