Duplex with Finished
For Sale
$295,000
513 Cape Cod Court, Smithville, MO 64089
The multi-level residence includes five bedrooms, multiple living areas, and an attached garage.
Property Size2,412 SF
Price / SF$122.31
Days on Market8
Property Features for 513 Cape Cod Court
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Duplex
Amenities
fireplace
deck
play area
pool
Building Details
Building Size
2,412 SF
Year Built
1995
Stories
2
Listing Agency:
ReeceNichols-KCN
(816) 468-8555
Listed By:
Eric Craig Team
(816) 452-4200
Source:
Fishburnrealtyllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 3:50AM
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 ReeceNichols-KCN
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Investment Insights
Based on property information with market context.
This 2,412-square-foot duplex was built in 1995 and features brick accents, vinyl siding, and an attached garage. Its 1.5-story layout includes five bedrooms, 3.5 bathrooms, and several living areas. The main living, dining, and kitchen spaces connect in an open arrangement, with a fireplace in the living room and wood cabinetry and tile flooring in the kitchen. Appliances are included.
A finished basement adds interior living space, while a separate unfinished basement provides storage. Sliding doors open from the dining area to an elevated deck overlooking a fenced backyard. The property also includes a play area and pool.
A finished basement adds interior living space, while a separate unfinished basement provides storage. Sliding doors open from the dining area to an elevated deck overlooking a fenced backyard. The property also includes a play area and pool.
Key Highlights
- 2,412 square feet; built in 1995
- Five bedrooms and 3.5 bathrooms
- Finished and unfinished basement areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,016
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,320
$460.3K
Cap Rate 7%
$328,800
$328.8K
Cap Rate 9%
$255,733
$255.7K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$3.3K −$1.37/SF
EGI
$32.9K $13.63/SF
− OpEx
−$9.9K −$4.09/SF
NOI
$23.0K $9.54/SF
Area
Clay County, MO
Vacancy
9.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,320
Cap Rate 7%
$328,800
Cap Rate 9%
$255,733
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,016 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$291.9K
$255.4K – $340.6K
NOI $20,435 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$738.5K
$646.2K – $861.6K
NOI $51,694 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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Business Placement
Demographics for 64089, MO
13,681
Population
5,471
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
60.9 sq mi
ZIP Area
225
Density / Sq Mi
$101,063
Median Household Income
$58,482
Median Earnings
$1,212
Median Rent
$307,200
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 - The multi-level residence includes five bedrooms, multiple living areas, and an attached garage.
Where is this duplex located?
The property is located at 513 Cape Cod Court Smithville, MO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,412 square feet; built in 1995; Five bedrooms and 3.5 bathrooms; Finished and unfinished basement areas
