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Spacious Duplex with Lease in Place

3532 NE 72nd Terrace Kansas City, MO 64119

3532 NE 72nd Terrace, Kansas City, MO, 64119
$248,500
For Sale
Claim this Listing
$248,500

DUPLEX - Other - Kansas City, MO

Property Size1,407 SF
Lot Size0.11 Acres
Price / SF$176.62
AddedMay 23
Days on Market54
Last RefreshJul 15 at 12:06 am

Property Features for 3532 NE 72nd Terrace

General Information

Property type
Residential Multi Family
Property subtype
Townhouse
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Dining Room, Bedroom 1, Bathroom 1
Parking features
Garage
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Pantry, Vaulted Ceiling(s)
Fireplace
1
Basement
Walk-Out Access, Concrete
Appliances
Dishwasher, Disposal, Exhaust Fan, Refrigerator, Electric Range
Standard status
Active
APN
14-410-00-03-005.00
Size
1,407 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Description
Lot 34 Meadowbrook Manor North
Tax Annual Amount
2059

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public

Building Details

Year built
1972
Flooring type
Carpet, Wood
Building materials
Frame
Roof type
Composition
Architectural style
Other

Listing agent Lacha Palomino License #SP00225903

Listing office Platinum Realty LLC 9393 West 110th St Suite 170, Overland Park, MO

Listing date May 23, 2026

MLS# 2621101 Listing URL

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 spacious half duplex presents an investor opportunity with no HOA. A lease is currently in place, generating rental income through December 31, 2026. The property features 3 bedrooms, 2.5 bathrooms, and a 1-car garage. Basement space and abundant storage are available, complemented by plenty of natural light throughout the home. The functional layout provides comfortable living with generous room sizes and additional basement space ideal for storage or flex use. The property size is 1407 square feet and the lot size is 0.11 acres. Located in Kansas City, Missouri, this income-producing property is suitable for investors seeking steady cash flow or buyers looking to expand their portfolio. The property is located in Clay County.

Key Highlights

  • Spacious half duplex with 3 bedrooms and 2.5 bathrooms
  • Lease in place generating rental income through December 31, 2026
  • 1‑car garage plus basement space with abundant storage

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $24.5k $17.40
− Vacancy −$1.5k −$1.07
EGI $23.0k $16.33
− OpEx −$6.9k −$4.90
NOI $16.1k $11.43
1,407 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$229.7K
$201.0K – $268.0K (±1% cap)
NOI $16,080 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$210.9K
$184.5K – $246.0K (±1% cap)
NOI $14,760 @ 7.0% cap · market cap 5.94%
Theoretical Best
Warehouse
$1.05M
$918.8K – $1.23M (±1% cap)
NOI $73,506 @ 7.0% cap · market cap 29.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Hair Salon Restaurant Dental Office Parking Lot & Garage Auto Repair Shop Electrical Service Daycare Center Skin Care Clinic Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Investor opportunity: duplex with lease, income through 2026.
Where is this duplex located?
The property is located at 3532 NE 72nd Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $248,500.
What are key features of this property?
This property features: Spacious half duplex with 3 bedrooms and 2.5 bathrooms; Lease in place generating rental income through December 31, 2026; 1‑car garage plus basement space with abundant storage
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