Duplex with Partially Unfinished
New
For Sale
$115,000
511 Corral Drive, Belton, MO 64012
Residential, Belton, MO
Property Size1,208 SF
Lot Size0.15 Acres
Price / SF$95.20
Days on Market4
Property Features for 511 Corral Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Basement, Bathroom 1
Fencing
Privacy
Basement
Unfinished, Partial, Crawl Space
Subdivision
Cimarron Trails
Elementary school
Gladden
Middle school
Mill Creek
High school
Belton
Elementary school district
Belton
Middle school district
Belton
High school district
Belton
Directions
Take I-49 South (US-71 South) toward Belton, take Exit 176 for 155th Street, turn right onto 155th Street, turn left onto Kensington Avenue, turn right onto Corral Drive, continue to 511 Corral Drive. Seller will make no repairs or credits for repairs.
Standard status
Active
APN
1402007
Size
1,208 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
CIMARRON TRAILS LOT 6 BLK 20
Tax Annual Amount
1088
Legal Description
CIMARRON TRAILS LOT 6 BLK 20
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Central
Cooling system
Electric
Water source
Public
Amenities
backyard
Building Details
Year built
1960
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Southland · Keller Williams Realty
(816) 331-2323
Listed By:
Tammy Drennen · License #2019040349
(816) 876-7230
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 6:06AM
MLS# 2649671
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 1960, this 1,208-square-foot frame residence has three bedrooms and one bathroom. A partially unfinished basement adds space, while cosmetic work is needed. The property is offered in its current condition, with no seller repairs or repair credits.
The 0.15-acre lot includes a backyard and privacy fencing. Public water and sewer serve the property. Heating is provided by natural gas, central, and electric systems, with electric cooling and a composition roof.
The 0.15-acre lot includes a backyard and privacy fencing. Public water and sewer serve the property. Heating is provided by natural gas, central, and electric systems, with electric cooling and a composition roof.
Key Highlights
- Three bedrooms and one bathroom
- 1,208 square feet of interior space
- Partially unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,383
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,660
$207.7K
Cap Rate 7%
$148,329
$148.3K
Cap Rate 9%
$115,367
$115.4K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$15.1K $12.48/SF
− Vacancy
−$243 −$0.20/SF
EGI
$14.8K $12.28/SF
− OpEx
−$4.4K −$3.68/SF
NOI
$10.4K $8.60/SF
Area
Cass County, MO
Vacancy
1.61%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,660
Cap Rate 7%
$148,329
Cap Rate 9%
$115,367
Alternative Uses
Best Use
Multifamily LT 5
$148.3K
$129.8K – $173.1K
NOI $10,383 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$132.1K
$115.6K – $154.1K
NOI $9,248 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$272.4K
$238.3K – $317.8K
NOI $19,065 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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Business Placement
Demographics for 64012, MO
28,364
Population
12,722
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
47.2 sq mi
ZIP Area
601
Density / Sq Mi
$71,782
Median Household Income
$43,122
Median Earnings
$1,232
Median Rent
$200,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Three bedrooms and a partially unfinished basement define the home’s interior layout.
Where is this duplex located?
The property is located at 511 Corral Drive Belton, MO.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Three bedrooms and one bathroom; 1,208 square feet of interior space; Partially unfinished basement
