Half Duplex with Private
18502 E 3rd Street Court, Independence, MO 64056
For Sale
New
$199,900
Main-floor laundry and a half bath complement the upstairs bedroom layout.
Property Size1,380 SF
Price / SF$144.86
Days on Market6
Property Features for 18502 E 3rd Street Court
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Stories
Listing Agency:
Mother & Son Realty Group
Listed By:
Dianna Minor
(816) 533-5585
Source:
Bkpre
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
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 Mother & Son Realty Group
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Investment Insights
Based on property information with market context.
This 1,380-square-foot half duplex was built in 2005 and has three bedrooms and two and a half bathrooms. The main level includes a living room, dining area, kitchen, laundry, and half bath. Upstairs are the primary suite with a walk-in closet and private full bathroom, two additional bedrooms, and a second full bath. A patio opens to a backyard that backs to trees and green space.
Key Highlights
- 1,380‑square‑foot half duplex with three bedrooms and 2.5 bathrooms
- Primary suite includes a walk‑in closet and private full bathroom
- Patio and backyard backing to trees and green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,477
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,540
$289.5K
Cap Rate 7%
$206,814
$206.8K
Cap Rate 9%
$160,856
$160.9K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$28.2K $20.40/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$26.3K $19.07/SF
− OpEx
−$11.8K −$8.58/SF
NOI
$14.5K $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%
$289,540
Cap Rate 7%
$206,814
Cap Rate 9%
$160,856
Alternative Uses
Best Use
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,477 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 64056, MO
17,373
Population
6,451
Households
2.7
Avg Household Size
34
Median Age
20%
College-Educated
90%
High-School Grad
19.7 sq mi
ZIP Area
882
Density / Sq Mi
$68,696
Median Household Income
$36,529
Median Earnings
$1,290
Median Rent
$176,400
Median Home Value
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Market
Properties on Market for Residential income properties in Independence
Frequently Asked Questions
What type of property is this?
Residential income property - Main-floor laundry and a half bath complement the upstairs bedroom layout.
Where is this residential income property located?
The property is located at 18502 E 3rd Street Court 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: 1,380‑square‑foot half duplex with three bedrooms and 2.5 bathrooms; Primary suite includes a walk‑in closet and private full bathroom; Patio and backyard backing to trees and green space
