Duplex with Fenced
For Sale
Under Contract
$199,900
5924 NW Creekview Drive, Parkville, MO 64152
Residential, Traditional, Parkville, MO
Property Size1,092 SF
Lot Size0.13 Acres
Price / SF$183.06
Days on Market96
Property Features for 5924 NW Creekview Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Game Room
Parking features
Garage
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Basement
Concrete, Finished
Appliances
Dishwasher, Microwave, Refrigerator, Electric Range
Subdivision
Walnut Creek Acres
Lot features
City Lot
Elementary school
Union Chapel
Middle school
Lakeview
High school
Park Hill South
Elementary school district
Park Hill
Middle school district
Park Hill
High school district
Park Hill
Directions
64th/HWY 45 to Crooked Rd. Crooked Rd to Walnut Creek Cir. Turn right (WEST) on Walnut Creek Cir. Follow Walnut Creek Cir to Creekview Dr. Turn Right (NORTH) on Creekview Dr. Home is located at the end of the street in the Cul De Sac, look for the RED, WHITE, and BLUE Sign and WELCOME HOME!!! ***Please Check and use GPS prior to visiting property. Lots of road construction has left entrances to the neighborhood inaccessible***
Standard status
Active Under Contract
APN
20-8.0-27-300-002-030-000
Size
1,092 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
WALNUT CREEK ACRES 2ND PART OF LOT 36
Tax Annual Amount
1454
Legal Description
WALNUT CREEK ACRES 2ND PART OF LOT 36
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
Fully Fenced Yard
Deck
Backing to Open Space
Building Details
Year built
1972
Flooring type
Tile, Carpet
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Premier Realty · RE/MAX International
(913) 652-0400
Listed By:
Drew Page · License #SP00235255
(816) 352-1882
Added: Jun 19
Changed: Sep 16
Last Checked: Sep 22 at 8:06AM
MLS# 2627111
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 duplex property, built in 1972, offers 1,092 square feet on a 0.13-acre lot. The layout includes three bedrooms, two bathrooms, a game room, and a basement. Interior features include ceiling fans, tile and carpet flooring, forced-air heating, and electric cooling. The kitchen is equipped with a dishwasher, microwave, refrigerator, and electric range.
Outdoor features include a deck and a fully fenced yard, while garage parking serves the property. Board and batten siding, a composition roof, public water, and public sewer complete the physical profile. The property is located at 5924 NW Creekview Drive in Parkville, Missouri, within Platte County and ZIP code 64152.
Outdoor features include a deck and a fully fenced yard, while garage parking serves the property. Board and batten siding, a composition roof, public water, and public sewer complete the physical profile. The property is located at 5924 NW Creekview Drive in Parkville, Missouri, within Platte County and ZIP code 64152.
Key Highlights
- 1,092 SF duplex on a 0.13‑acre lot
- Three bedrooms, two bathrooms, game room, and basement
- Newly installed HVAC system
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
$10,759
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
5.38%
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%
$215,180
$215.2K
Cap Rate 7%
$153,700
$153.7K
Cap Rate 9%
$119,544
$119.5K
Market Conditions
NOI Build-Up for 1,092 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
$16.4K $15.00/SF
− Vacancy
−$1.0K −$0.93/SF
EGI
$15.4K $14.07/SF
− OpEx
−$4.6K −$4.22/SF
NOI
$10.8K $9.85/SF
Area
ZIP 64152
Vacancy
6.17%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$215,180
Cap Rate 7%
$153,700
Cap Rate 9%
$119,544
Alternative Uses
Best Use
Multifamily LT 5
$153.7K
$134.5K – $179.3K
NOI $10,759 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$139.6K
$122.1K – $162.9K
NOI $9,771 @ 7.0% cap · market cap 4.89%
Theoretical Best
Warehouse
$815.0K
$713.1K – $950.8K
NOI $57,050 @ 7.0% cap · market cap 28.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 64152, MO
29,623
Population
12,525
Households
2.4
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
30.9 sq mi
ZIP Area
959
Density / Sq Mi
$110,421
Median Household Income
$51,231
Median Earnings
$1,236
Median Rent
$333,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential property with updated HVAC, a deck, garage parking, and public utilities.
Where is this duplex located?
The property is located at 5924 NW Creekview Drive Parkville, MO.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,092 SF duplex on a 0.13‑acre lot; Three bedrooms, two bathrooms, game room, and basement; Newly installed HVAC system
