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    Spacious Duplex with Lease in Place Title is generated by Realmo AI

    3532 NE 72nd Terrace, Kansas City, MO 64119

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    For Sale
    $248,500

    DUPLEX - Other - Kansas City, MO

    Type:Townhouse
    Property size:
    1,407 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $176/SF
    Added:
    May 23, 2026
    Days on Market:
    8
    Last Refresh:
    May 30 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
    Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 2, Dining Room, Bedroom 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
    Wood, Carpet
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lacha Palomino

    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.

    HighLights

    • Lease in place through December 31, 2026, generating immediate rental income.
    • No HOA fees or restrictions.
    • Spacious half duplex with 3 bedrooms and 2.5 bathrooms.
    • Basement space provides additional storage or flex use options.
    • Includes a 1‑car garage and deck.
    • Features a fireplace.

    Overview

    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.

    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 Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Daycare Center Skin Care Clinic Accounting Firm Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.537529
    Latitude
    39.225169

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    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: Lease in place through December 31, 2026, generating immediate rental income.; No HOA fees or restrictions.; Spacious half duplex with **3 bedrooms and 2.5 bathrooms**.
    (913) 706-8780
    We can help!
    Listing Contact
    Lacha Palomino
    Real Estate License ID: SP00225903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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