Duplex with Finished Lower
New
For Sale
$203,500
4934 Dixie Avenue, Kansas City, KS 66106
Residential, Kansas City, KS
Property Size1,680 SF
Lot Size0.13 Acres
Price / SF$121.13
Days on Market2
Property Features for 4934 Dixie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Basement, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Underground/Basement, Garage, Secured
Basement
Concrete, Partial
Subdivision
Owen View Estates
Elementary school
Turner
Middle school
Turner
High school
Turner
Elementary school district
Turner
Middle school district
Turner
High school district
Turner
Directions
From I-635 S, take exit 2A toward Metropolitan Ave. Turn right onto Metropolitan Ave and continue for 0.8 miles. Turn right onto S 50th St, then make a right onto Dixie Ave. The property will be on your right.
Standard status
Active
APN
052312
Size
1,680 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
OWEN VIEW ESTATES REP L56, S24, T11, R24, ACRES 0.130000, LOT M LESS E 1/2
Tax Annual Amount
2864
Legal Description
OWEN VIEW ESTATES REP L56, S24, T11, R24, ACRES 0.130000, LOT M LESS E 1/2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1970
Building materials
Brick/Mortar, Concrete
Roof type
Composition
Listing Agency:
Greater Kansas City Realty
(913) 232-9252
Listed By:
Adam Massey · License #SP00235737
(913) 488-6661
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 8:06PM
MLS# 2647602
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.
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Investment Insights
Based on property information with market context.
Built in 1970, this duplex has three bedrooms, one full bathroom, and an 840-square-foot finished lower level. The lower level adds flexible interior space, while an attached one-car garage provides covered parking. Brick and concrete are among the construction materials.
The property occupies a 0.13-acre lot at 4934 Dixie Avenue in Kansas City, Kansas. Public water and sewer serve the property.
The property occupies a 0.13-acre lot at 4934 Dixie Avenue in Kansas City, Kansas. Public water and sewer serve the property.
Key Highlights
- 840‑square‑foot finished lower level
- Three bedrooms and one full bathroom
- Attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,227
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,540
$304.5K
Cap Rate 7%
$217,529
$217.5K
Cap Rate 9%
$169,189
$169.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$23.2K $13.80/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$21.8K $12.95/SF
− OpEx
−$6.5K −$3.88/SF
NOI
$15.2K $9.06/SF
Area
Kansas City, KS
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,540
Cap Rate 7%
$217,529
Cap Rate 9%
$169,189
Alternative Uses
Best Use
Multifamily LT 5
$217.5K
$190.3K – $253.8K
NOI $15,227 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$278.3K
$243.5K – $324.7K
NOI $19,483 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 66106, KS
24,085
Population
9,226
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,274
Density / Sq Mi
$56,294
Median Household Income
$39,734
Median Earnings
$944
Median Rent
$154,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level expands the property's usable interior space.
Where is this duplex located?
The property is located at 4934 Dixie Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $203,500.
What are key features of this property?
This property features: 840‑square‑foot finished lower level; Three bedrooms and one full bathroom; Attached one‑car garage
