Two-Bedroom Duplex with Walkout
New
For Sale
$199,900
17405 E 41st Terrace, Independence, MO 64055
DUPLEX - Other - Independence, MO
Property Size1,692 SF
Lot Size0.10 Acres
Price / SF$118.14
Days on Market3
Property Features for 17405 E 41st Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Game Room, Bathroom 1, Bathroom 2, Bedroom 1, Basement
Parking features
Open, Garage
Window features
Window Coverings
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Stained Cabinets, Vaulted Ceiling(s), Wet Bar
Fireplace
1
Basement
Full, Walk-Out Access, Finished, Daylight
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Subdivision
Crackerneck Acres
Lot features
City Lot
High school
Blue Springs
Elementary school district
Blue Springs
Middle school district
Blue Springs
High school district
Blue Springs
Directions
39th Street to Crackerneck (S) to 41st Street (L) to address
Standard status
Active
APN
34-340-10-03-01-0-00-000
Size
1,692 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
CRACKERNECK ACRES LOT 19 (EX E 37.2' THOF) A SUBDIVISION IN INDEPENDENCE, JACKSON COUNTY, MISSOURI
Tax Annual Amount
1632
Legal Description
CRACKERNECK ACRES LOT 19 (EX E 37.2' THOF) A SUBDIVISION IN INDEPENDENCE, JACKSON COUNTY, MISSOURI
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air
Cooling system
Electric
Water source
Public
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
Flooring type
Tile, Carpet, Vinyl
Building materials
Brick Trim, Concrete, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Platinum Prtnr · Keller Williams Realty
(816) 525-7000
Listed By:
Rick Parker
(816) 506-0004
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 9 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This half-duplex offers 1,692 square feet with 2 bedrooms and 2 full baths. Interior features include vinyl, tile, and carpet flooring, stained cabinets, a vaulted living room ceiling, and a wood-burning fireplace. The finished walkout basement adds a large recreation room, wet bar, full bath, laundry room, and patio access. A deck extends from the main-level living area, while the property also includes a dishwasher, refrigerator, electric range, disposal, microwave, ceiling fans, and a garage door opener.
Built in 1981 on a 0.1-acre lot, the property has brick trim, concrete and frame construction, a composition roof, public water, and public sewer. Parking includes open spaces and a garage. Shopping and restaurants are nearby.
Built in 1981 on a 0.1-acre lot, the property has brick trim, concrete and frame construction, a composition roof, public water, and public sewer. Parking includes open spaces and a garage. Shopping and restaurants are nearby.
Key Highlights
- 1,692‑square‑foot half duplex with 2 bedrooms and 2 full baths
- Finished walkout basement with large recreation room, wet bar, full bath, laundry room, and patio
- Main‑level living room features a high vaulted ceiling, wood‑burning fireplace, and deck access
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
$17,750
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
8.88%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
116
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
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 - Half-duplex residence with a finished lower level, private outdoor areas, fireplace, wet bar, and attached garage access.
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: 1,692‑square‑foot half duplex with 2 bedrooms and 2 full baths; Finished walkout basement with large recreation room, wet bar, full bath, laundry room, and patio; Main‑level living room features a high vaulted ceiling, wood‑burning fireplace, and deck access
