Updated Multifamily
For Sale
$200,000
5330 NW 87th Court, Kansas City, MO 64154
DUPLEX - Other - Kansas City, MO
Property Size1,464 SF
Lot Size0.02 Acres
Price / SF$136.61
Days on Market109
Property Features for 5330 NW 87th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Basement, Bathroom 1, Living Room, Bedroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Painted Cabinets, Smart Thermostat
Basement
Finished
Appliances
Dishwasher, Disposal, Refrigerator, Electric Range
Subdivision
Barry Park at Coves North
Lot features
City Lot
Elementary school district
Park Hill
Middle school district
Park Hill
High school district
Park Hill
Directions
From MO-152 W, take the Ambassador Drive exit. Continue on N Ambassador Drive, take NW 86th Street and N Hull Avenue to NW 87th Court.
Standard status
Active
APN
19-3.0-07-100-002-018-000
Size
1,464 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
DIST:8 CITY/MUNI/TWP:KANSAS CITY SEC/TWN/RNG/MER:SEC 07 TWN 51N RNG 33W BARRY PARK AT COVES NORTH CONDOMINIUMS LOT 20 BLK 1 UNIT 5330
Tax Annual Amount
1917
HOA Fee
$285 Monthly
Legal Description
DIST:8 CITY/MUNI/TWP:KANSAS CITY SEC/TWN/RNG/MER:SEC 07 TWN 51N RNG 33W BARRY PARK AT COVES NORTH CONDOMINIUMS LOT 20 BLK 1 UNIT 5330
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
back deck
fully fenced backyard
Building Details
Year built
1985
Flooring type
Tile, Carpet, Wood
Building materials
Brick Trim, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker, LLC-MO
(573) 520-3099
Listed By:
Lauren Miller · License #2017043436
(816) 804-8587
Added: May 5
Changed: Aug 4
Last Checked: Aug 21 at 2:06PM
MLS# 2618503
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.
Investment Insights
Based on property information with market context.
This 1,464-square-foot split-entry half-duplex, built in 1985, offers a three-bedroom layout with living areas on both levels. The main floor includes a living room, dining area, kitchen, two bedrooms, and a full bathroom. A lower-level living space, garage access, and a third bedroom provide additional flexibility. The kitchen includes a refrigerator, dishwasher, disposal, and electric range, while interior features include painted cabinets, a smart thermostat, and ceiling fans. Flooring includes carpet, tile, and wood.
Exterior improvements include a new roof, fresh exterior paint, a rear deck, and a fully fenced backyard. The property has forced-air heating, electric cooling, public water, public sewer, and a composition roof. Association services cover roof, siding, and foundation maintenance, along with snow removal and lawn care outside the fenced area. The property is located in Kansas City, MO 64154.
Exterior improvements include a new roof, fresh exterior paint, a rear deck, and a fully fenced backyard. The property has forced-air heating, electric cooling, public water, public sewer, and a composition roof. Association services cover roof, siding, and foundation maintenance, along with snow removal and lawn care outside the fenced area. The property is located in Kansas City, MO 64154.
Key Highlights
- 1,464‑square‑foot multifamily half‑duplex with a split‑entry, three‑bedroom layout
- Built in 1985 with a new roof, fresh exterior paint, and new lower‑level interior paint
- Main level includes living room, dining area, kitchen, two bedrooms, and a full bathroom
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
$15,720
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
7.86%
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%
$314,400
$314.4K
Cap Rate 7%
$224,571
$224.6K
Cap Rate 9%
$174,667
$174.7K
Market Conditions
NOI Build-Up for 1,464 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
$30.6K $20.88/SF
− Vacancy
−$2.0K −$1.36/SF
EGI
$28.6K $19.52/SF
− OpEx
−$12.9K −$8.79/SF
NOI
$15.7K $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 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%
$314,400
Cap Rate 7%
$224,571
Cap Rate 9%
$174,667
Alternative Uses
Best Use
Apartment 5plus
$224.6K
$196.5K – $262.0K
NOI $15,720 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Split-entry layout combines updated interiors, a fenced outdoor area, garage access, and flexible lower-level living space.
Where is this multifamily property located?
The property is located at 5330 NW 87th Court Kansas City, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,464‑square‑foot multifamily half‑duplex with a split‑entry, three‑bedroom layout; Built in 1985 with a new roof, fresh exterior paint, and new lower‑level interior paint; Main level includes living room, dining area, kitchen, two bedrooms, and a full bathroom
