Leased Duplex - Investor
7916-7918 E 88th Terrace, Kansas City, MO 64138
MULTI_FAMILY - Kansas City, MO
Property size:
1,568 SFLot size:
0.24 AcresPrice / SF:
$175/SF- Added:
- Feb 5, 2026
- Days on Market:
- 106
- Last Refresh:
- May 22 at 1:06 am
Property Features for 7916-7918 E 88th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-7.5
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Parking
- 2
- Standard status
- Active
- APN
- 50-330-05-14-00-0-00-000
- Size
- 1,568 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- WESTCHESTER #2 (KC & RAY) ALL TH PT LY N OF LI DAF, B EG AT PT ON W LI LOT G (CUL-DE-SAC) 20.04' DIST NLY ALG SD LI FRM SW COR SD LOT, RUNN TH ELY TO PT ON E LI SD LOT WHCH IS 96.25'
- Tax Annual Amount
- 1575
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick/Mortar
- Roof type
- Composition
Listing agent Frankie Bellucci (816) 551-1777
Listing office Real Broker, LLC 7300 W 110th St Ste 700, Kansas City, MO (785) 329-9077
Listing date Feb 5, 2026
MLS# 2600479
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
- Fully leased duplex generating $2,550/month in gross rental income.
- Offered at $275,000, reflecting an estimated 7% projected net cap rate.
- Month‑to‑month leases offer flexibility for rent adjustments or owner‑occupancy.
- Both units feature a desirable 2BR / 2BA layout with 1,568 total sq. ft. of living space.
- Located in a high‑demand rental pocket with a Walk Score of 70.
- Tenants have a history of consistent on‑time payments and stable occupancy.
Overview
This is a fully leased, stabilized duplex, presenting an investor opportunity with immediate cash flow. The property generates $2,550 per month, totaling $30,600 annually, in gross rental income. Unit 16 rents for $1,250 per month, while Unit 18 rents for $1,300 per month. Both units feature a 2-bedroom, 2-bathroom layout, with a total of 1,568 square feet of living space. The property was built in 1965 and has a one-story duplex construction with a composition shingle roof and forced air heating. Both units are currently occupied on month-to-month leases, providing immediate income and flexibility for future rent adjustments or potential owner-occupancy. The current tenants have a history of consistent on-time payments and stable occupancy. Offered at $275,000, the property reflects an estimated 7% projected net cap rate. Located in a high-demand rental pocket with a Walk Score of 70, the property supports strong tenant demand and long-term appreciation potential. The property is zoned R-7.5 and sits on a lot of approximately 0.2398 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$203.2K
NOI $18,291 @ 9.00% cap · cautious / downside scenario
Moderate
$261.3K
NOI $18,291 @ 7.00% cap · market / base-case scenario
Aggressive
$365.8K
NOI $18,291 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.8k | $17.76 |
| − Vacancy | −$1.7k | −$1.10 |
| EGI | $26.1k | $16.66 |
| − OpEx | −$7.8k | −$5.00 |
| NOI | $18.3k | $11.66 |
1,568 SF · lease $17.76/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$261.3K
$228.6K – $304.9K
NOI $18,291 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$373.5K
$326.8K – $435.7K
NOI $26,144 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.496071
- Latitude
- 38.964121
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex generating $2,550 monthly gross rental income.
Where is this duplex located?
The property is located at 7916-7918 E 88th Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully leased duplex generating $2,550/month in gross rental income.; Offered at $275,000, reflecting an estimated 7% projected net cap rate.; Month‑to‑month leases offer flexibility for rent adjustments or owner‑occupancy.
