Remodeled Half Duplex with Private
For Sale
$182,500
8516 Ditzler Avenue, Raytown, MO 64138
DUPLEX - Other - Raytown, MO
Property Size1,436 SF
Lot Size0.11 Acres
Price / SF$127.09
Days on Market152
Property Features for 8516 Ditzler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bathroom 2, Bathroom 1, Bedroom 1, Bonus Room, Basement, Bathroom 3, Bedroom 2
Parking features
Garage, Underground/Basement
Fireplace
1
Basement
Full, Finished
Subdivision
Elm Estates
Elementary school
Spring Valley
Middle school
South Middle School
High school
Raytown
Elementary school district
Raytown
Middle school district
Raytown
High school district
Raytown
Directions
From Blue Parkway, head South on Raytown Road. West Right on E 83rd St, then left on Elm Ave. Right on E 85th St, left on Ditzler. Home on right.
Standard status
Active
APN
50-220-21-78-00-0-00-000
Size
1,436 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
ELM ESTATES TH PT LOT 14 DAF: BEG NE COR LOT 14 TH S 40' TH W 114.56' TH N 44' TO NW COR SD LOT 14 TH E 120' TO POB (AS SHOWN ON CERT SURVEY T-2 PG 21)
Tax Annual Amount
1620
Legal Description
ELM ESTATES TH PT LOT 14 DAF: BEG NE COR LOT 14 TH S 40' TH W 114.56' TH N 44' TO NW COR SD LOT 14 TH E 120' TO POB (AS SHOWN ON CERT SURVEY T-2 PG 21)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1985
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
KW KANSAS CITY METRO · Keller Williams Realty
(913) 825-7500
Listed By:
Mary Beth Schwartz · License #SP00239147
(816) 674-8875
Added: Mar 13
Changed: Aug 1
Last Checked: Aug 11 at 7:06PM
MLS# 2606774
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.
8516 Ditzler Avenue is an entirely remodeled half duplex with classic curb appeal and a modern interior ready to move in. The home features vaulted ceilings with an exposed wood beam anchor, rich new hardwood floors, and a floor-to-ceiling stone fireplace. An open layout connects the living room to the dining area, with a slider door leading to a private deck.
The residence includes two bedrooms plus a third nonconforming bedroom, along with three full baths. At 1,436 square feet and built in 1985, it also offers a bonus room and basement space, plus a 2-car garage for added practicality.
Exterior materials include board & batten siding and a composition roof. Utilities are set up with public water and public sewer, and the home is heated and cooled by electric systems. Located in Raytown’s Elm Estates, this property combines updated finishes with the flexibility of additional interior space.
The residence includes two bedrooms plus a third nonconforming bedroom, along with three full baths. At 1,436 square feet and built in 1985, it also offers a bonus room and basement space, plus a 2-car garage for added practicality.
Exterior materials include board & batten siding and a composition roof. Utilities are set up with public water and public sewer, and the home is heated and cooled by electric systems. Located in Raytown’s Elm Estates, this property combines updated finishes with the flexibility of additional interior space.
Key Highlights
- Entirely remodeled half duplex in Elm Estates
- 1,436 square feet on a 0.1102‑acre lot
- Vaulted ceilings with an exposed wood beam anchor plus a floor‑to‑ceiling stone fireplace
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
$14,341
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
7.86%
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%
$286,820
$286.8K
Cap Rate 7%
$204,871
$204.9K
Cap Rate 9%
$159,344
$159.3K
Market Conditions
NOI Build-Up for 1,436 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
$22.1K $15.36/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$20.5K $14.27/SF
− OpEx
−$6.1K −$4.28/SF
NOI
$14.3K $9.99/SF
Area
Jackson County, MO
Vacancy
7.12%
Lease Rate
$15.36 /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%
$286,820
Cap Rate 7%
$204,871
Cap Rate 9%
$159,344
Alternative Uses
Best Use
Multifamily LT 5
$204.9K
$179.3K – $239.0K
NOI $14,341 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 7.25%
Theoretical Best
Warehouse
$377.7K
$330.5K – $440.6K
NOI $26,437 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 64138, MO
25,565
Population
11,273
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
92%
High-School Grad
13.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$54,619
Median Household Income
$39,210
Median Earnings
$1,127
Median Rent
$164,900
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 - Entirely remodeled half duplex in Elm Estates with vaulted ceilings, a stone fireplace, electric heat and cooling, and a 2-car garage.
Where is this duplex located?
The property is located at 8516 Ditzler Avenue Raytown, MO.
What is the asking price?
The asking price for this property is $182,500.
What are key features of this property?
This property features: Entirely remodeled half duplex in Elm Estates; 1,436 square feet on a 0.1102‑acre lot; Vaulted ceilings with an exposed wood beam anchor plus a floor‑to‑ceiling stone fireplace
