Three-Bedroom Duplex
New
For Sale
$219,000
18717 E 13th Terrace Ct N, Independence, MO 64056
The residence includes a fully equipped kitchen, a laundry room, and a two-car garage.
Property Size1,209 SF
Price / SF$181.14
Days on Market3
Property Features for 18717 E 13th Terrace Ct N
General Information
Standard status
Active
Size
1,209 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Farview
Road Access
Yes
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Amenities
laundry room
Building Details
Year Built
2000
Listing Agency:
Reecenichols - Lees Summit
(816) 519-7565
Listed By:
Turn Key Realty
(816) 903-2226
Source:
Tkrkc
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 11:22AM
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 Reecenichols - Lees Summit
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Investment Insights
Based on property information with market context.
This half-duplex residence offers 3 bedrooms and 2 full bathrooms, along with a fully equipped kitchen and a dedicated laundry room. The 1,209-square-foot home was built in 2000 and includes a 2-car garage.
The property is in Independence, with access to Kansas City and Fort Osage Schools. It occupies a cul-de-sac location and is leased through 8/31/2027.
The property is in Independence, with access to Kansas City and Fort Osage Schools. It occupies a cul-de-sac location and is leased through 8/31/2027.
Key Highlights
- Half‑duplex residence with 3 bedrooms and 2 full bathrooms
- 1,209 square feet; built in 2000
- Fully equipped kitchen and separate laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,683
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,660
$253.7K
Cap Rate 7%
$181,186
$181.2K
Cap Rate 9%
$140,922
$140.9K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$24.7K $20.40/SF
− Vacancy
−$1.6K −$1.33/SF
EGI
$23.1K $19.07/SF
− OpEx
−$10.4K −$8.58/SF
NOI
$12.7K $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%
$253,660
Cap Rate 7%
$181,186
Cap Rate 9%
$140,922
Alternative Uses
Best Use
Apartment 5plus
$181.2K
$158.5K – $211.4K
NOI $12,683 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.3K
$312.7K – $416.9K
NOI $25,012 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a fully equipped kitchen, a laundry room, and a two-car garage.
Where is this residential income property located?
The property is located at 18717 E 13th Terrace Ct N Independence, MO.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Half‑duplex residence with 3 bedrooms and 2 full bathrooms; 1,209 square feet; built in 2000; Fully equipped kitchen and separate laundry room
