Two-Bedroom Residential
New
For Sale
$175,000
5315 NW 87th Court, Kansas City, MO 64154
Residential, Traditional, Kansas City, MO
Property Size1,078 SF
Lot Size0.02 Acres
Price / SF$162.34
Days on Market4
Property Features for 5315 NW 87th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Garage
Interior features
Pantry
Basement
Concrete
Subdivision
Barry Park at Coves North
Lot features
City Lot
Elementary school
Tiffany Ridge
Middle school
Plaza Middle School
High school
Park Hill
Elementary school district
Park Hill
Middle school district
Park Hill
High school district
Park Hill
Directions
NW Waukomis to N Hull to NW 87th COURT
Standard status
Active
APN
19-3.0-07-100-001-001-006
Size
1,078 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
Lot 25 BLK 1 Barry Park at Coves North Condo's a subdivision in Platte County
Tax Annual Amount
2007
HOA Fee
$250 Monthly
Legal Description
Lot 25 BLK 1 Barry Park at Coves North Condo's a subdivision in Platte County
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
private deck
Building Details
Flooring type
Carpet
Building materials
Brick Trim, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
BHHS Stein & Summers Real Estate · Berkshire Hathaway HomeServices
(816) 232-2000
Listed By:
Derek Espeer · License #2009029945
(816) 588-5745
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
MLS# 2649603
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.
This 1,078-square-foot condo has two bedrooms, two bathrooms, a den, and multiple living areas. A private deck backs to green space, and the property also includes a garage, pantry, and basement. Forced-air heating and electric cooling serve the home.
The residence is on a cul-de-sac in the Barry Park at Coves North area of Kansas City. The interior may benefit from paint, flooring updates, or kitchen and bathroom remodeling, offering a chance to tailor the finishes.
The residence is on a cul-de-sac in the Barry Park at Coves North area of Kansas City. The interior may benefit from paint, flooring updates, or kitchen and bathroom remodeling, offering a chance to tailor the finishes.
Key Highlights
- 1,078‑square‑foot condo with 2 bedrooms and 2 bathrooms
- Private deck backing to green space
- Multiple living areas, a den, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,575
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,500
$231.5K
Cap Rate 7%
$165,357
$165.4K
Cap Rate 9%
$128,611
$128.6K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$22.5K $20.88/SF
− Vacancy
−$1.5K −$1.36/SF
EGI
$21.0K $19.52/SF
− OpEx
−$9.5K −$8.79/SF
NOI
$11.6K $10.74/SF
Area
Kansas City, MO
Vacancy
6.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,500
Cap Rate 7%
$165,357
Cap Rate 9%
$128,611
Alternative Uses
Best Use
Apartment 5plus
$165.4K
$144.7K – $192.9K
NOI $11,575 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.8K
$224.7K – $299.6K
NOI $17,974 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
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Business Placement
Demographics for 64154, MO
12,986
Population
6,343
Households
2
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
12.9 sq mi
ZIP Area
1,007
Density / Sq Mi
$92,686
Median Household Income
$51,870
Median Earnings
$1,384
Median Rent
$351,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bathrooms, multiple living areas, a private deck, and a garage provide a flexible residential layout.
Where is this residential income property located?
The property is located at 5315 NW 87th Court Kansas City, MO.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,078‑square‑foot condo with 2 bedrooms and 2 bathrooms; Private deck backing to green space; Multiple living areas, a den, and basement
