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    1409 Russell Rd Kansas City, MO 64116

    Sponsored
    For Sale
    $750,000

    7.43 Acres, Engineer-Ready Plans

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.43-acre property at 1409 NE Russell Road, Kansas City, MO 64116, presents a remarkable investment opportunity. Zoned for multifamily, residential, and commercial use, this land offers pre-approved plans for fourplex and duplex development, streamlining the construction process. The comprehensive plans encompass road/driveway infrastructure, a community garden, and a dog park, with potential for a playground. The city's entitlement process is underway, and the survey and topography have already been completed. This prime location boasts convenient access to I-29 and I-35, making it ideal for multifamily housing, short-term rentals (VRBO/Airbnb), or a combination thereof. Enhancements to the property's aesthetic appeal are further supported by an adjacent city-owned green space featuring a stream. An additional parcel at 3828 Wayne is included in the sale, contributing to the total acreage. The seller is open to financing options, including owner financing or a lease option, to facilitate project commencement. This is a turnkey opportunity for developers seeking a high-potential investment in a desirable Kansas City location. The property is being sold as a package deal.

    Property Features for 1409 Russell Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    323,651 SF

    HighLights

    • 7.43‑acre multifamily, residential, and commercial‑zoned land in Kansas City, MO.
    • Pre‑approved plans for fourplex and duplex development, including roads, a community garden, and a dog park.
    • Convenient access to I‑29 and I‑35.
    • Includes an adjacent city‑owned green space and an additional parcel at 3828 Wayne.
    • Seller financing options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Clay
    State
    Missouri
    Longitude
    -94.5618391
    Latitude
    39.1650927

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    FAQs

    What type of property is this?
    Multifamily property - 7.43 Acres, Engineer-Ready Plans
    Where is this multifamily property located?
    The property is located at 1409 Russell Rd Kansas City, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 7.43-acre multifamily, residential, and commercial-zoned land in Kansas City, MO.; Pre-approved plans for fourplex and duplex development, including roads, a community garden, and a dog park.; Convenient access to I-29 and I-35.
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    Kansas City, MO 64116
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    Realmo Value Estimation

    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.

    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.

    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
    1409 Russell Rd Kansas City, MO 64116
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