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1505-7 N 63rd Ter, Kansas City, KS, 66102

--beds
2baths
--sqft
$255,000
--price/sqft
$2,055/moest. monthly cost
$82,200/yrincome needed

About This Home

Well-positioned, fully occupied duplex offering immediate cash flow and strong investment fundamentals in a high-demand Kansas City, KS rental market. This 1,560 sq ft property features two 2-bedroom, 1-bathroom units with stable tenants and consistent rental history. Current financials reflecting a stabilized net operating income of approximately, producing an estimated 7.2% cap rate at the current list price. Historical operations show that the property has recently undergone a cycle of maintenance and turnover costs, which have now been largely addressed. As a result, the asset is transitioning into a more predictable, stabilized expense structure reducing near-term capital expenditure risk for future ownership. The roof is approximately 8 years old, further minimizing immediate deferred maintenance concerns. The property also presents a clear path to increased returns and growth. Reach out to listing agent for details. Buyer and buyers agent to verify all sq ft tax and details independently. Seller makes no warranties.

Getting Around

15
WalkingCar-Dependent
24
TransitMinimal Transit
6
BikeSomewhat Bikeable

Schools

3/10
1/10
F L Schlagle High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Stainless Steel Appliance(s),Ind Water Heaters

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Electric

Property

Details

  • Parcel number: 016203

Features

  • Patio & porch: Patio

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 70 x 178

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Cold Wave
Hail
Heat Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Kansas Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,289$15,468
Home Insurance *$310$3,720
Property Taxes $295$3,540
Electricity $161$1,935
Total$2,055$24,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,457/yr
40% on housing$61,650/yr
45% on housing$54,800/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: 8.7%
8.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 66102$109
Wyandotte County$131

vs Homes Sold Last Month

Median $/sqft

ZIP 66102$125
Wyandotte County$153

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-16Price change$255,000
2026-05-20Listed for sale$259,000

For Sale by Agent

AgentChad Murray
BrokerageReeceNichols- Leawood Town Center

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