Three-Bedroom Duplex with
For Sale
$170,000
7621 E Bannister Road, Kansas City, MO 64134
Upstairs flooring and bathroom improvements are underway, with showings scheduled to resume June 30, 2026.
Property Size1,311 SF
Days on Market33
Property Features for 7621 E Bannister Road
General Information
Standard status
Active
Size
1,311 SF
Total Parking Spaces
2
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
currently being updated
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,204
Building Details
Building Size
1,311 SF
Year Built
2006
Stories
2
Listing Agency:
Murrell Homes Real Estate Grp
Listed By:
Myeesa White
(816) 313-8800
Source:
Community-realty
Added: Aug 1
Changed: Aug 31
Last Checked: Aug 31 at 5:12PM
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 Murrell Homes Real Estate Grp
Investment Insights
Based on property information with market context.
Built in 2006, this duplex includes a three-bedroom, two-and-a-half-bath layout with a two-car garage. The configuration provides practical residential space, while current work focuses on the upstairs flooring and bathroom. Showings are scheduled to resume on June 30, 2026.
The property is positioned near major highways, shopping, dining, and everyday amenities. Its location and residential layout support consideration for both an owner occupant and a rental-oriented buyer, subject to the buyer’s intended use and evaluation of the ongoing updates.
The property is positioned near major highways, shopping, dining, and everyday amenities. Its location and residential layout support consideration for both an owner occupant and a rental-oriented buyer, subject to the buyer’s intended use and evaluation of the ongoing updates.
Key Highlights
- Three‑bedroom, 2.5‑bath duplex layout
- Two‑car garage
- Upstairs flooring and bathroom updates underway
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
$15,293
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
9.00%
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%
$305,860
$305.9K
Cap Rate 7%
$218,471
$218.5K
Cap Rate 9%
$169,922
$169.9K
Market Conditions
NOI Build-Up for 1,311 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
$23.3K $17.76/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$21.8K $16.66/SF
− OpEx
−$6.6K −$5.00/SF
NOI
$15.3K $11.66/SF
Area
Kansas City, MO
Vacancy
6.17%
Lease Rate
$17.76 /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%
$305,860
Cap Rate 7%
$218,471
Cap Rate 9%
$169,922
Alternative Uses
Best Use
Multifamily LT 5
$218.5K
$191.2K – $254.9K
NOI $15,293 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$201.1K
$176.0K – $234.6K
NOI $14,077 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$312.3K
$273.2K – $364.3K
NOI $21,859 @ 7.0% cap · market cap 12.86%
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
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 64134, MO
22,120
Population
9,503
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
90%
High-School Grad
11.9 sq mi
ZIP Area
1,859
Density / Sq Mi
$56,475
Median Household Income
$39,492
Median Earnings
$1,233
Median Rent
$122,900
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 - Upstairs flooring and bathroom improvements are underway, with showings scheduled to resume June 30, 2026.
Where is this duplex located?
The property is located at 7621 E Bannister Road Kansas City, MO.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Three‑bedroom, 2.5‑bath duplex layout; Two‑car garage; Upstairs flooring and bathroom updates underway
