Duplex Unit with Basement
For Sale
$243,900
3532 NE 72nd Terrace, Kansas City, MO 64119
Residential, Traditional, Kansas City, MO
Property Size1,407 SF
Lot Size0.11 Acres
Price / SF$173.35
Days on Market99
Property Features for 3532 NE 72nd Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Dining Room, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s)
Fireplace
1
Basement
Concrete, Walk-Out Access
Appliances
Dishwasher, Disposal, Exhaust Fan, Refrigerator, Electric Range
Subdivision
Meadowbrook Manor North
Lot features
City Lot
Elementary school
Chapel Hill
Middle school
Antioch
High school
Oak Park
Elementary school district
North Kansas City
Middle school district
North Kansas City
High school district
North Kansas City
Directions
North on Antioch to 72nd St - East to N Indiana - left on Indiana Ave - 1st Right onto NE 72nd Terr. Duplex on left.
Standard status
Active
APN
14-410-00-03-005.00
Size
1,407 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
Lot 34 Meadowbrook Manor North
Tax Annual Amount
2059
Legal Description
Lot 34 Meadowbrook Manor North
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Building Details
Year built
1972
Flooring type
Wood, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Lacha Palomino · License #SP00225903
(913) 706-8780
Added: May 23
Changed: Aug 28
Last Checked: Aug 29 at 6:06AM
MLS# 2621101
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.
This half-duplex residence offers 1,407 square feet with 3 bedrooms, 2.5 bathrooms, a dining room, and basement space for storage or flexible use. A 1-car garage, deck, fireplace, vaulted ceilings, pantry, and abundant storage support the practical layout. Wood and carpet flooring, forced-air heating, electric cooling, and a composition roof are included among the property’s features.
Constructed in 1972 on a 0.11-acre lot, the home has frame construction and public water and sewer service. The property is located in Kansas City, Missouri, and has a lease in place generating rental income through December 31, 2026. There is no HOA. Kitchen appliances include a dishwasher, disposal, exhaust fan, refrigerator, and electric range.
Constructed in 1972 on a 0.11-acre lot, the home has frame construction and public water and sewer service. The property is located in Kansas City, Missouri, and has a lease in place generating rental income through December 31, 2026. There is no HOA. Kitchen appliances include a dishwasher, disposal, exhaust fan, refrigerator, and electric range.
Key Highlights
- 1,407‑square‑foot half duplex with 3 bedrooms and 2.5 bathrooms
- Lease in place through December 31, 2026
- 1‑car garage, basement storage, deck, and 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
$16,080
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
6.59%
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%
$321,600
$321.6K
Cap Rate 7%
$229,714
$229.7K
Cap Rate 9%
$178,667
$178.7K
Market Conditions
NOI Build-Up for 1,407 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
$24.5K $17.40/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$23.0K $16.33/SF
− OpEx
−$6.9K −$4.90/SF
NOI
$16.1K $11.43/SF
Area
ZIP 64119
Vacancy
6.17%
Lease Rate
$17.40 /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%
$321,600
Cap Rate 7%
$229,714
Cap Rate 9%
$178,667
Alternative Uses
Best Use
Multifamily LT 5
$229.7K
$201.0K – $268.0K
NOI $16,080 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$210.9K
$184.5K – $246.0K
NOI $14,760 @ 7.0% cap · market cap 6.05%
Theoretical Best
Warehouse
$1.05M
$918.8K – $1.23M
NOI $73,506 @ 7.0% cap · market cap 30.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 64119, MO
30,865
Population
13,515
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
2,129
Density / Sq Mi
$79,871
Median Household Income
$45,801
Median Earnings
$1,259
Median Rent
$216,300
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 - Lease in place through December 31, 2026, with garage, deck, and basement storage.
Where is this duplex located?
The property is located at 3532 NE 72nd Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $243,900.
What are key features of this property?
This property features: 1,407‑square‑foot half duplex with 3 bedrooms and 2.5 bathrooms; Lease in place through December 31, 2026; 1‑car garage, basement storage, deck, and fireplace
