Two-Bedroom Duplex Unit with
New
For Sale
$255,000
Pending
614 E 7th Street, Kearney, MO 64060
Residential, Traditional, Kearney, MO
Property Size1,784 SF
Lot Size0.31 Acres
Days on Market3
Property Features for 614 E 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Dining Room, Basement, Family Room, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage, Open
Patio and Porch features
Patio, Deck
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Basement
Finished, Walk-Out Access
Appliances
Dishwasher, Disposal, Microwave, Electric Range
Subdivision
Marimack Farm
Lot features
City Lot, Cul-De-Sac
Middle school
Kearney
High school
Kearney
Elementary school district
Kearney
Middle school district
Kearney
High school district
Kearney
Directions
I-35 to 92 Hwy exit, East to Porter Ridge, South to 7th Street, East to home.
Standard status
Pending
APN
07-913-00-21-4.01
Size
1,784 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
MARIMACK FARMS 3RD PLAT SE PT LT 116 BEG NE COR LT 116, S41.6, SW204.9, NWLY21.8, NE172.15, E102.94 TO POB
Tax Annual Amount
2070
Legal Description
MARIMACK FARMS 3RD PLAT SE PT LT 116 BEG NE COR LT 116, S41.6, SW204.9, NWLY21.8, NE172.15, E102.94 TO POB
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Electric
Water source
Public
Amenities
covered deck
storage sheds
Building Details
Year built
1999
Flooring type
Vinyl
Building materials
Frame, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Turn Key Realty LLC
(816) 903-2226
Listed By:
Chelsie Gilpin · License #2013014343
(816) 863-8791
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 9:06AM
MLS# 2639301
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 1,784-square-foot half duplex, built in 1999, combines a reverse floor plan with an open-concept main living area. The home includes two bedrooms, 2.5 bathrooms, vaulted ceilings, natural light, new flooring, and a walkout basement. A two-car garage, two storage sheds, walk-in closet, pantry, and additional interior storage support practical daily use. Natural-gas forced-air heating, electric cooling, public water, and public sewer are in place.
The property occupies 0.31 acres at the end of a cul-de-sac in Kearney, Missouri. Outdoor features include a covered deck, patio, and backyard. Shopping, dining, schools, and major highways are identified as accessible from the property.
The property occupies 0.31 acres at the end of a cul-de-sac in Kearney, Missouri. Outdoor features include a covered deck, patio, and backyard. Shopping, dining, schools, and major highways are identified as accessible from the property.
Key Highlights
- 1,784‑square‑foot half duplex on 0.31 acres
- Two bedrooms and 2.5 bathrooms
- Reverse floor plan with open‑concept living area and vaulted ceilings
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
$17,024
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
6.68%
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%
$340,480
$340.5K
Cap Rate 7%
$243,200
$243.2K
Cap Rate 9%
$189,156
$189.2K
Market Conditions
NOI Build-Up for 1,784 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
$26.8K $15.00/SF
− Vacancy
−$2.4K −$1.37/SF
EGI
$24.3K $13.63/SF
− OpEx
−$7.3K −$4.09/SF
NOI
$17.0K $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 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%
$340,480
Cap Rate 7%
$243,200
Cap Rate 9%
$189,156
Alternative Uses
Best Use
Multifamily LT 5
$243.2K
$212.8K – $283.7K
NOI $17,024 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$215.9K
$188.9K – $251.9K
NOI $15,115 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$546.2K
$477.9K – $637.3K
NOI $38,235 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 64060, MO
15,340
Population
6,641
Households
2.3
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
58.6 sq mi
ZIP Area
262
Density / Sq Mi
$107,626
Median Household Income
$58,227
Median Earnings
$1,096
Median Rent
$322,100
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 - Half-duplex residence with a flexible reverse layout, walkout basement, covered outdoor space, and substantial storage.
Where is this duplex located?
The property is located at 614 E 7th Street Kearney, MO.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,784‑square‑foot half duplex on 0.31 acres; Two bedrooms and 2.5 bathrooms; Reverse floor plan with open‑concept living area and vaulted ceilings
