Duplex with Finished
For Sale
$204,900
3407 NW 71st Terrace, Kansas City, MO 64151
Two-bedroom, two-bath property with granite kitchen countertops and a finished lower-level living area.
Property Size1,413 SF
Price / SF$145.01
Days on Market46
Property Features for 3407 NW 71st Terrace
General Information
Standard status
Active
Size
1,413 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fireplace
granite countertops
finished basement
Building Details
Year Built
2001
Listing Agency:
Platinum Realty LLC
(573) 492-2600
Listed By:
Integrity Home Team
(573) 492-2600
Source:
Integrityhometeam
Added: Jul 18
Changed: Aug 30
Last Checked: Sep 1 at 6:14PM
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 Platinum Realty LLC
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom duplex in Platte Brook provides 1,413 SF of interior space within a traditional residential layout. The main living room includes a fireplace, while the kitchen is fitted with granite countertops. Laminate and carpet flooring are used throughout the home, and the finished basement adds another living area that could also function as an unconventional third bedroom.
Built in 2001, the property is located at 3407 NW 71st Terrace in Kansas City, Missouri. Downtown Kansas City is approximately 12 to 15 minutes away, with access to I-29 supporting connections to major employers and city centers.
Built in 2001, the property is located at 3407 NW 71st Terrace in Kansas City, Missouri. Downtown Kansas City is approximately 12 to 15 minutes away, with access to I-29 supporting connections to major employers and city centers.
Key Highlights
- 2‑bedroom, 2‑bathroom duplex
- 1,413 SF of property space
- Finished basement with additional living area
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
$16,483
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
8.04%
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%
$329,660
$329.7K
Cap Rate 7%
$235,471
$235.5K
Cap Rate 9%
$183,144
$183.1K
Market Conditions
NOI Build-Up for 1,413 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
$25.1K $17.76/SF
− Vacancy
−$1.5K −$1.10/SF
EGI
$23.5K $16.66/SF
− OpEx
−$7.1K −$5.00/SF
NOI
$16.5K $11.66/SF
Area
Kansas City, MO
Vacancy
6.17%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$329,660
Cap Rate 7%
$235,471
Cap Rate 9%
$183,144
Alternative Uses
Best Use
Multifamily LT 5
$235.5K
$206.0K – $274.7K
NOI $16,483 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$216.7K
$189.7K – $252.9K
NOI $15,172 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$336.6K
$294.5K – $392.7K
NOI $23,559 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 64151, MO
28,779
Population
12,452
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,197
Density / Sq Mi
$91,348
Median Household Income
$50,069
Median Earnings
$1,333
Median Rent
$292,500
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 - Two-bedroom, two-bath property with granite kitchen countertops and a finished lower-level living area.
Where is this duplex located?
The property is located at 3407 NW 71st Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom duplex; 1,413 SF of property space; Finished basement with additional living area
