Six-Unit Multifamily
For Sale
Contact for pricing
Pending
9201 East 54th Street, Raytown, MO 64133
For sale multifamily building offering six rental units in Raytown, Missouri.
Property Size4,800 SF
Days on Market68
Property Features for 9201 East 54th Street
General Information
Standard status
Pending
Size
4,800 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
APT
Additional Details
Multifamily Units
6
Building Details
Year Built
1972
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Platinum Realty
(816) 786-1335
Listed By:
Tatjana Nikolic · License #2016006337
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Jul 25 at 3:31PM
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 Platinum Realty
Investment Insights
Based on property information with market context.
This is a for-sale multifamily property configured as a 6-unit building. The asset is presented as residential income property and is being offered for sale as an operating multifamily real estate opportunity.
The property is located at 9201 East 54th Street in Raytown, Missouri. Its income-producing structure provides a straightforward, compact unit count for buyers seeking a small multifamily footprint.
With six units, the building may appeal to investors and owner-operators looking for manageable scale in a multifamily format. The listing provides the core property details available for due diligence, including the unit count and overall property size. Prospective purchasers should review the full financial and operational information during the underwriting process to evaluate rent roll, expenses, and any needed updates based on the condition of the building and individual units.
The property is located at 9201 East 54th Street in Raytown, Missouri. Its income-producing structure provides a straightforward, compact unit count for buyers seeking a small multifamily footprint.
With six units, the building may appeal to investors and owner-operators looking for manageable scale in a multifamily format. The listing provides the core property details available for due diligence, including the unit count and overall property size. Prospective purchasers should review the full financial and operational information during the underwriting process to evaluate rent roll, expenses, and any needed updates based on the condition of the building and individual units.
Key Highlights
- Multifamily building with 6 rental units in Raytown, Missouri
- Built in 1972
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
$50,355
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
7.46%
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%
$1,007,100
$1.0M
Cap Rate 7%
$719,357
$719.4K
Cap Rate 9%
$559,500
$559.5K
Market Conditions
NOI Build-Up for 4,800 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
$97.9K $20.40/SF
− Vacancy
−$6.4K −$1.33/SF
EGI
$91.6K $19.07/SF
− OpEx
−$41.2K −$8.58/SF
NOI
$50.4K $10.49/SF
Area
ZIP 64133
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,007,100
Cap Rate 7%
$719,357
Cap Rate 9%
$559,500
Alternative Uses
Best Use
Apartment 5plus
$719.4K
$629.4K – $839.3K
NOI $50,355 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$995.0K – $1.33M
NOI $79,600 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
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?
Apartment building - For sale multifamily building offering six rental units in Raytown, Missouri.
Where is this apartment building located?
The property is located at 9201 East 54th Street Raytown, MO.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Multifamily building with 6 rental units in Raytown, Missouri; Built in 1972
