Two-Bedroom Duplex
17405 E 41st Terrace, Independence, MO 64055
For Sale
$199,900
Residential, Traditional, Independence, MO
Property Size1,692 SF
Lot Size0.10 Acres
Price / SF$118.14
Days on Market95
Property Features for 17405 E 41st Terrace
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Fireplace
Basement
Appliances
Subdivision
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
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
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Keller Williams Platinum Prtnr · Keller Williams Realty
(816) 525-7000
Listed By:
Rick Parker
(816) 506-0004
Added: Aug 7
Changed: Oct 26
Last Checked: Nov 9 at 9:06AM
MLS# 2635767
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.
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Investment Insights
Based on property information with market context.
This half-duplex residence contains 1,692 square feet with two bedrooms and two full bathrooms. The interior includes vinyl flooring, a vaulted living room ceiling, stained cabinetry, and a wood-burning fireplace. A finished walkout basement provides a large recreation room, wet bar, laundry room, and additional full bathroom. The kitchen is equipped with a dishwasher, disposal, microwave, refrigerator, and electric range.
Outdoor features include a deck connected to the living room, a lower patio, and garage parking with additional open parking. The property includes public water and public sewer, composition roofing, forced-air and hot-water heating, and electric cooling. Built in 1981, the home is located near shopping and restaurants in Independence, Missouri.
Outdoor features include a deck connected to the living room, a lower patio, and garage parking with additional open parking. The property includes public water and public sewer, composition roofing, forced-air and hot-water heating, and electric cooling. Built in 1981, the home is located near shopping and restaurants in Independence, Missouri.
Key Highlights
- Two‑bedroom, two‑full‑bath half duplex with 1,692 square feet
- Finished walkout basement with recreation room, wet bar, laundry room, and full bath
- Wood‑burning fireplace and vaulted living room ceiling
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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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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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
Properties on Market for Duplexes in Independence
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Finished walkout basement adds a rec room, wet bar, laundry area, fireplace, and full bath.
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: Two‑bedroom, two‑full‑bath half duplex with 1,692 square feet; Finished walkout basement with recreation room, wet bar, laundry room, and full bath; Wood‑burning fireplace and vaulted living room ceiling
