Duplex with Finished Walkout
For Sale
$199,900
17405 E 41st Terrace, Independence, MO 64055
Two-bedroom residence offers vaulted living space, deck access, fireplace, wet bar, laundry, and a garage door opener.
Property Size1,692 SF
Price / SF$118.14
Days on Market69
Property Features for 17405 E 41st Terrace
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
LV Flooring
Dishwasher
Refrigerator
Garage Door Opener
Finished Walkout Basement
Patio
Large Rec Room
Wood Burning Fireplace
Wet Bar
Full Bath
Laundry Room
High Vaulted Ceiling
Deck
Building Details
Year Built
1981
Listing Agency:
Weichert Realtors - Generations
(816) 582-4332
Listed By:
Ask Cathy
(816) 268-4033
Source:
Askcathy
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 16 at 8:54AM
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 Weichert Realtors - Generations
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Investment Insights
Based on property information with market context.
Built in 1981, this 1,692 SF half duplex includes two bedrooms and two full baths. The main living area features a high vaulted ceiling and direct access to a deck, while the finished walkout basement adds a patio, large recreation room, wood-burning fireplace, wet bar, full bath, and laundry room. Flooring, a dishwasher, refrigerator, and garage door opener are also included.
The property is located at 17405 E 41st Terrace in Independence, Missouri, with shopping and restaurants nearby. Its combination of defined living areas, basement amenities, and two full baths provides a practical residential configuration.
The property is located at 17405 E 41st Terrace in Independence, Missouri, with shopping and restaurants nearby. Its combination of defined living areas, basement amenities, and two full baths provides a practical residential configuration.
Key Highlights
- 2 bedrooms and 2 full baths
- 1,692 SF half duplex built in 1981
- Finished walkout basement with patio and large recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,750
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,000
$355.0K
Cap Rate 7%
$253,571
$253.6K
Cap Rate 9%
$197,222
$197.2K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$34.5K $20.40/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$32.3K $19.07/SF
− OpEx
−$14.5K −$8.58/SF
NOI
$17.8K $10.49/SF
Area
Independence, MO
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 Rate 5%
$355,000
Cap Rate 7%
$253,571
Cap Rate 9%
$197,222
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.3K
NOI $19,337 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.8K
NOI $17,750 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 64055, MO
36,225
Population
16,900
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
2,898
Density / Sq Mi
$64,646
Median Household Income
$42,121
Median Earnings
$1,098
Median Rent
$173,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence offers vaulted living space, deck access, fireplace, wet bar, laundry, and a garage door opener.
Where is this duplex located?
The property is located at 17405 E 41st Terrace Independence, MO.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2 bedrooms and 2 full baths; 1,692 SF half duplex built in 1981; Finished walkout basement with patio and large recreation room
