Stabilized Fully Leased
7916-7918 E 88th Terrace Kansas City, MO 64138
For Sale
$269,950
MULTI_FAMILY - Kansas City, MO
Property Size1,568 SF
Lot Size0.24 Acres
Price / SF$172.16
Days on Market49
Property Features for 7916-7918 E 88th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-7.5
Bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Parking
2
Standard status
Active
APN
50-330-05-14-00-0-00-000
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
1574
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 Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Frankie Bellucci
(816) 551-1777
Added: Jun 12
Changed: Jul 18
Last Checked: Jul 30 at 10:06AM
MLS# 2623537
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 one-story duplex built in 1965 is fully leased and stabilized, with both units currently occupied on month-to-month leases. Each unit offers a 2-bedroom, 2-bath layout, and the property features composition shingle roofing with forced air heating. Unit 16 is leased for $1,250 per month, and Unit 18 is leased for $1,300 per month, for total gross rental income of $2,550 per month ($30,600 annually) based on the current lease terms. The listing notes a history of consistent, on-time tenant payments and stable occupancy, with tenant rights applying.
The duplex is located at 7916–7918 E 88th Terrace in Kansas City, Missouri (Jackson County), and is designated R-7.5 zoning. The property is described as being situated in a high-demand rental pocket, with a Walk Score of 70.
For investors or owner-users seeking a turnkey residential income property, the current occupancy provides immediate income while keeping flexibility through the month-to-month lease structure. The straightforward duplex layout and separate 2BR/2BA configuration can support straightforward management, while the disclosed lease and rent details provide a clear starting point for underwriting.
The duplex is located at 7916–7918 E 88th Terrace in Kansas City, Missouri (Jackson County), and is designated R-7.5 zoning. The property is described as being situated in a high-demand rental pocket, with a Walk Score of 70.
For investors or owner-users seeking a turnkey residential income property, the current occupancy provides immediate income while keeping flexibility through the month-to-month lease structure. The straightforward duplex layout and separate 2BR/2BA configuration can support straightforward management, while the disclosed lease and rent details provide a clear starting point for underwriting.
Key Highlights
- Fully leased duplex with month‑to‑month leases for both units, generating $2,550/month ($30,600 annually) gross rental income
- Two 2BR/2BA units with 1,568 total sq. ft. of living space combined; Unit 16 at $1,250/month and Unit 18 at $1,300/month
- Built in 1965 as a one‑story duplex with brick/mortar construction and a composition roof
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 | $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 Uses
Best Use
Multifamily LT 5
$261.3K
$228.6K – $304.9K
NOI $18,291 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$373.5K
$326.8K – $435.7K
NOI $26,144 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied 2BR/2BA units on month-to-month leases, providing immediate rental income and operational flexibility.
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 $269,950.
What are key features of this property?
This property features: Fully leased duplex with month‑to‑month leases for both units, generating $2,550/month ($30,600 annually) gross rental income; Two 2BR/2BA units with 1,568 total sq. ft. of living space combined; Unit 16 at $1,250/month and Unit 18 at $1,300/month; Built in 1965 as a one‑story duplex with brick/mortar construction and a composition roof
