Updated Duplex with Fenced
New
For Sale
$235,000
6808 N Askew Avenue, Gladstone, MO 64119
Residential, Traditional, Gladstone, MO
Property Size1,475 SF
Lot Size0.12 Acres
Price / SF$159.32
Days on Market5
Property Features for 6808 N Askew Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Family Room, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Basement
Parking features
Garage
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Fireplace
1
Basement
Full
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Washer
Subdivision
Meadowbrook Manor
Lot features
City Lot
Elementary school
Chapel Hill
Middle school
Antioch
High school
Winnetonka
Elementary school district
North Kansas City
Middle school district
North Kansas City
High school district
North Kansas City
Directions
Prospect to 72nd, East to Indiana, S to 68th Terr, East to South, South to home
Standard status
Active
APN
14-414-00-06-9.00
Size
1,475 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
MEADOWBROOK MANOR 2ND PLAT S39.8 LT 9 (exact legal to be determined by the title company and to appear on the deed and title commitment)
Tax Annual Amount
1803
HOA Fee
$615 Annually
Legal Description
MEADOWBROOK MANOR 2ND PLAT S39.8 LT 9 (exact legal to be determined by the title company and to appear on the deed and title commitment)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
deck
fenced backyard
storage shed
Building Details
Year built
1965
Flooring type
Carpet, Wood
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Crown Realty
(913) 215-9004
Listed By:
Peggy Reed · License #BR00045772
(913) 963-2944
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 31 at 3:06PM
MLS# 2638341
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 includes 1,475 square feet of finished space on a 0.1166-acre lot. The interior has wood and carpet flooring, forced-air heating, electric cooling, a gas fireplace, ceiling fans, and a main-level laundry area. The kitchen includes a dishwasher, disposal, electric range, washer, and dryer. A partially finished basement adds flexible interior space, while the garage provides parking and loft storage.
Outdoor features include a wood deck, patio, fenced backyard, and storage shed. The home was built in 1965 with frame construction, a composition roof, public water, and public sewer. The property is located at 6808 N Askew Avenue in Gladstone, Missouri, within ZIP Code 64119.
Outdoor features include a wood deck, patio, fenced backyard, and storage shed. The home was built in 1965 with frame construction, a composition roof, public water, and public sewer. The property is located at 6808 N Askew Avenue in Gladstone, Missouri, within ZIP Code 64119.
Key Highlights
- 1,475 square feet on a 0.1166‑acre lot
- Garage with loft storage and newer opener
- Wood deck, patio, fenced backyard, and storage shed
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
$16,857
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
7.17%
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%
$337,140
$337.1K
Cap Rate 7%
$240,814
$240.8K
Cap Rate 9%
$187,300
$187.3K
Market Conditions
NOI Build-Up for 1,475 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
$25.7K $17.40/SF
− Vacancy
−$1.6K −$1.07/SF
EGI
$24.1K $16.33/SF
− OpEx
−$7.2K −$4.90/SF
NOI
$16.9K $11.43/SF
Area
ZIP 64119
Vacancy
6.17%
Lease Rate
$17.40 /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%
$337,140
Cap Rate 7%
$240,814
Cap Rate 9%
$187,300
Alternative Uses
Best Use
Multifamily LT 5
$240.8K
$210.7K – $281.0K
NOI $16,857 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$221.1K
$193.4K – $257.9K
NOI $15,474 @ 7.0% cap · market cap 6.58%
Theoretical Best
Warehouse
$1.10M
$963.2K – $1.28M
NOI $77,059 @ 7.0% cap · market cap 32.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
145
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 - Low-maintenance property with a garage, deck, basement space, and public utilities in Gladstone.
Where is this duplex located?
The property is located at 6808 N Askew Avenue Gladstone, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,475 square feet on a 0.1166‑acre lot; Garage with loft storage and newer opener; Wood deck, patio, fenced backyard, and storage shed
