Updated Duplex with Walkout
New
For Sale
$180,000
5604 NE 50th Street, Kansas City, MO 64119
DUPLEX - Other - Kansas City, MO
Property Size1,520 SF
Lot Size0.11 Acres
Price / SF$118.42
Days on Market7
Property Features for 5604 NE 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Basement
Parking features
Off Street
Window features
Storm Window(s)
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Basement
Finished, Walk-Out Access
Appliances
Disposal, Refrigerator
Subdivision
KC Suburban Acreage Est
Lot features
City Limits
Elementary school
Maplewood
Middle school
Maple Park
High school
Winnetonka
Elementary school district
North Kansas City
Middle school district
North Kansas City
High school district
North Kansas City
Directions
From Brighton or 435, Go on 48th St to Oakley,. Go North to the corner of Oakley and 50th St
Standard status
Active
APN
14-720-00-15-011.01
Size
1,520 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
KC SUBURBAN ACREAGE ESTATES S150' LT 31 BLK 11
Legal Description
KC SUBURBAN ACREAGE ESTATES S150' LT 31 BLK 11
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1972
Flooring type
Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
ReeceNichols-KCN · HomeLife
(816) 468-8555
Listed By:
Amy Hunter
(913) 687-6860
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 11 at 12:06PM
MLS# 2635323
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 1,520-square-foot duplex, built in 1972, offers three bedrooms and 1.5 baths across its main level and finished walkout basement. Interior improvements include fresh paint and new flooring throughout. The main floor includes a living room, eat-in kitchen, and primary bedroom, while the lower level adds two bedrooms, a half bath, backyard access, and additional living space. A deck, ceiling fans, refrigerator, disposal, natural-gas heating, and electric cooling are also included.
Exterior updates include a brand-new composition roof installed less than a month ago and siding replaced two years ago. The property occupies 0.11 acres and has off-street parking, public water, and public sewer. Located in Kansas City, Missouri, the duplex is within the North Kansas City School District and has a tenant in place through June 2027.
Exterior updates include a brand-new composition roof installed less than a month ago and siding replaced two years ago. The property occupies 0.11 acres and has off-street parking, public water, and public sewer. Located in Kansas City, Missouri, the duplex is within the North Kansas City School District and has a tenant in place through June 2027.
Key Highlights
- 1,520‑square‑foot duplex with three bedrooms and 1.5 baths
- Finished walkout basement includes two bedrooms, a half bath, and backyard access
- Brand‑new composition roof installed less than a month ago
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
$15,946
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
8.86%
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%
$318,920
$318.9K
Cap Rate 7%
$227,800
$227.8K
Cap Rate 9%
$177,178
$177.2K
Market Conditions
NOI Build-Up for 1,520 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
$31.0K $20.40/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$29.0K $19.07/SF
− OpEx
−$13.0K −$8.58/SF
NOI
$15.9K $10.49/SF
Area
ZIP 64119
Vacancy
6.50%
Lease Rate
$20.40 /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%
$318,920
Cap Rate 7%
$227,800
Cap Rate 9%
$177,178
Alternative Uses
Best Use
Multifamily LT 5
$248.2K
$217.1K – $289.5K
NOI $17,371 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 8.86%
Theoretical Best
Warehouse
$1.13M
$992.6K – $1.32M
NOI $79,410 @ 7.0% cap · market cap 44.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 64119, MO
30,865
Population
13,515
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
2,129
Density / Sq Mi
$79,871
Median Household Income
$45,801
Median Earnings
$1,259
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom rental with refreshed interiors, a finished lower level, off-street parking, and a tenant lease extending through June 2027.
Where is this duplex located?
The property is located at 5604 NE 50th Street Kansas City, MO.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,520‑square‑foot duplex with three bedrooms and 1.5 baths; Finished walkout basement includes two bedrooms, a half bath, and backyard access; Brand‑new composition roof installed less than a month ago
