Lee's Summit Half
For Sale
$245,000
703 NE Swann Circle Lee's, Lees Summit, MO 64086
Move-in ready 3-bedroom duplex with desirable location.
Property Size1,412 SF
Lot Size6,318.00 Acres
Days on Market329
Property Features for 703 NE Swann Circle Lee's
General Information
Standard status
Active
Size
1,412 SF
Lot size
6,318.00 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$100
Amenities
Fireplace
Electric
Forced Air
Dishwasher
Microwave
Refrigerator
Electric Range
Patio, Composition
Building Details
Building Size
1,412 SF
Year Built
1997
Listing Agency:
Keller Williams Platinum Prtnr
Listed By:
Nilesh Patel · License #2020018193
(816) 309-7604
Source:
Kw
Added: Nov 25, 2025
Changed: Oct 19
Last Checked: Oct 19 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Platinum Prtnr
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Investment Insights
Based on property information with market context.
This half duplex in Lee’s Summit features three bedrooms and two and a half bathrooms. The property offers a spacious layout that is move-in ready. The living room is bright and includes a vaulted ceiling and a fireplace. A functional kitchen and dining area provide room for updates. The primary suite is private. The home has been well maintained and provides solid potential for personalization. A two-car garage offers parking. Ample storage is available. The backyard is ready for new ideas. The location is desirable, with proximity to schools, shopping, and convenient highway access.
Key Highlights
- Move‑in ready 3‑bedroom, 2.5‑bath half duplex in Lee's Summit.
- Desirable location close to schools, shopping, and highway access.
- Spacious layout with bright living room, vaulted ceiling, and fireplace.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,131
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,620
$302.6K
Cap Rate 7%
$216,157
$216.2K
Cap Rate 9%
$168,122
$168.1K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$22.9K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$21.6K $15.31/SF
− OpEx
−$6.5K −$4.59/SF
NOI
$15.1K $10.72/SF
Area
Lees Summit, MO
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,620
Cap Rate 7%
$216,157
Cap Rate 9%
$168,122
Alternative Uses
Best Use
Multifamily LT 5
$216.2K
$189.1K – $252.2K
NOI $15,131 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$193.1K
$169.0K – $225.3K
NOI $13,517 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 64086, MO
23,957
Population
9,992
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
37.8 sq mi
ZIP Area
634
Density / Sq Mi
$107,098
Median Household Income
$56,470
Median Earnings
$1,417
Median Rent
$288,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Move-in ready 3-bedroom duplex with desirable location.
Where is this duplex located?
The property is located at 703 NE Swann Circle Lee's Lees Summit, MO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Move‑in ready 3‑bedroom, 2.5‑bath half duplex in Lee's Summit.; Desirable location close to schools, shopping, and highway access.; Spacious layout with bright living room, vaulted ceiling, and fireplace.
