Renovated Residential Income
For Sale
$250,000
7232 N Askew Avenue, Kansas City, MO 64119
Renovated townhome with three bedrooms, finished basement, and a fenced yard with a new back deck.
Property Size1,957 SF
Price / SF$127.75
Days on Market16
Property Features for 7232 N Askew Avenue
General Information
Standard status
Active
Size
1,957 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
No
Taxes and HOA fees
Annual Taxes
$2,176
Building Details
Building Size
1,957 SF
Year Built
1972
Stories
2
Listing Agency:
Keller Williams KC North
(816) 454-6540
Listed By:
Fidelity RE Group · License #2009034726
(816) 454-6540
Source:
Coloniallistings
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 10 at 12:24PM
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 KC North
Investment Insights
Based on property information with market context.
This renovated residential income townhome features three bedrooms and two full and two half bathrooms. The main level offers vaulted ceilings, brand-new luxury vinyl plank flooring, fresh interior paint, updated light fixtures, and a convenient half bathroom for guests. The finished basement extends living space and includes a cozy fireplace plus an additional half bathroom.
The home includes a new back deck and a fully fenced-in yard, providing privacy for outdoor use. Additional exterior updates include fresh exterior paint, and the listing notes no HOA fees.
Located in the Northland area with access to shopping and dining and easy highway access, the property offers a practical layout for flexible day-to-day use.
The home includes a new back deck and a fully fenced-in yard, providing privacy for outdoor use. Additional exterior updates include fresh exterior paint, and the listing notes no HOA fees.
Located in the Northland area with access to shopping and dining and easy highway access, the property offers a practical layout for flexible day-to-day use.
Key Highlights
- Renovated 3‑bedroom townhome in 1972 construction year
- 2 full and 2 half bathrooms, including a convenient main‑floor half bath
- Finished basement with a fireplace plus an additional half bathroom
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
$22,366
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
8.95%
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%
$447,320
$447.3K
Cap Rate 7%
$319,514
$319.5K
Cap Rate 9%
$248,511
$248.5K
Market Conditions
NOI Build-Up for 1,957 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
$34.1K $17.40/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$32.0K $16.33/SF
− OpEx
−$9.6K −$4.90/SF
NOI
$22.4K $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%
$447,320
Cap Rate 7%
$319,514
Cap Rate 9%
$248,511
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,366 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$293.3K
$256.6K – $342.2K
NOI $20,530 @ 7.0% cap · market cap 8.21%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,240 @ 7.0% cap · market cap 40.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated townhome with three bedrooms, finished basement, and a fenced yard with a new back deck.
Where is this duplex located?
The property is located at 7232 N Askew Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Renovated 3‑bedroom townhome in 1972 construction year; 2 full and 2 half bathrooms, including a convenient main‑floor half bath; Finished basement with a fireplace plus an additional half bathroom
