Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7253 Richland Avenue Kansas City, KS 66111

    View on Map
    Claim this Listing
    For Sale
    $250,000

    MULTI_FAMILY - Kansas City, KS

    Lot size:
    0.28 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 28 at 1:06 am

    Property Features for 7253 Richland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Parking features
    Garage
    Patio and Porch features
    Deck
    Exterior features
    Balcony
    Standard status
    Active
    APN
    023913
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    HIDDEN VALLEY, S16, T11, R24, ACRES 0.280000, L26
    Tax Annual Amount
    3843

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1971
    Number of units
    2
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Miki Strobel
    Miki Strobel

    Listing agent Miki Strobel

    Listing office Keller Williams Platinum Prtnr 3751 NE Ralph Powell Rd., Lee's Summit, KS

    Listing date Apr 20, 2026

    MLS# 2615333 Listing URL

    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.

    Overview

    Kansas City Multifamily Opportunity

    This multifamily property is located in Kansas City, Kansas. The property is situated on a lot of approximately 0.28 acres. It is listed for sale and identified as a multifamily property, specifically including duplexes and residential income properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Big Box & Wholesale Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.748228
    Latitude
    39.090192

    Nearby Similar for Sale

    • $374,999

      Industrial Yard Near Railroad

      Half acre corner industrial yard near railroad and major highways.
      1007 25 Street, Kansas City, KS 66106
      View Details
    • $485,000

      Fenced Lot with Shop Building

      One-acre lot with office, shop, and lift; M-3 zoning.
      2450 Cheyenne Street, Kansas City, KS 66106
      View Details
    • $3,500,000

      Renovated Truck Shop on 2.13 Acres

      Renovated 7-bay truck shop with office on 2.13 acres.
      336 S 42nd Street, Kansas City, KS 66106
      View Details
    • $500,000

      Income-Producing Duplex Near Legends District

      Duplex in growing area near attractions with income potential.
      11123 - 11125 Leavenworth Road, Kansas City, KS 66109
      View Details
    • $500,000

      Remodeled Duplex Near The Legends

      Totally remodeled duplex with income potential near The Legends.
      3301-3303 N 103rd Terrace, Kansas City, KS 66109
      View Details
    • $350,000

      Versatile Commercial Property on Washington Blvd

      Three-unit commercial property suitable for various business types.
      1645 Washington Boulevard, Kansas City, KS 66102
      View Details
    • $350,000

      Commercial Property with Remodeled Retail

      Commercial property featuring remodeled retail space and multiple potential uses.
      7502 Nebraska Avenue, Kansas City, KS 66112
      View Details
    • $250,000

      Versatile Commercial Building in Kansas

      Two-story commercial building with gated parking and tenant income.
      413 Kansas Avenue, Kansas City, KS 66105
      View Details
    • $250,000

      Free-Standing Office Building Opportunity

      Office building in high-demand area with adaptable floor plans.
      1977 N 77th Street, Kansas City, KS 66112
      View Details
    • $350,000

      Mixed-Use Investment Opportunity

      Kansas City mixed-use property with residential and commercial units.
      1306 Wood Avenue, Kansas City, KS 66104
      View Details
    • $300,000

      Kansas City Acreage For Sale

      4.3 acres with road frontage near businesses in Kansas City.
      2600 N 109 Street, Kansas City, KS 66109
      View Details
    • $975,000

      Renovated 6-Unit Multifamily Property

      Fully renovated 6-unit near KU Med with in-unit laundry.
      2610 W 42nd Avenue, Kansas City, KS 66103
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property for sale in Kansas City, Kansas.
    Where is this duplex located?
    The property is located at 7253 Richland Avenue Kansas City, KS.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Enjoy outdoor living with a **balcony and deck**.; Classic brick construction.; Benefit from convenient **garage parking**.
    (816) 507-0672
    We can help!
    Listing Contact
    Miki Strobel
    Miki Strobel
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!