Kansas City, MO Real Estate Search

Kansas City, MO Multi-Family Properties for Sale

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Newest Kansas City, MO Multi-Family Homes for Sale

16 W 37th Street, Kansas City
$869,000
3-story, 12-unit brick apartment building in the historic Hanover Place neighborhood of Midtown Kansas City, just steps off Main Street. Ownership has invested steadily in the building's security, systems and curb appeal. Improvements include new front windows, a new Bluetooth-enabled entrance, security cameras and updated flooring in the common hallways. Every unit has Bluetooth entry, and the building is wired for fiber. Units are individually metered for gas and electric (tenant charge) and have a shared common hot-water system, which includes a newly installed water heater. All twelve units are studios approximating about 425 square feet, with a current average rent of $691. Ownership has renovated the units one at a time as they’ve turned resulting in varying levels of finish. Ten of the twelve have new kitchens, bathrooms and countertops, and nine have new windows. Seven offer in-unit washers and dryers along with updated appliances and electrical. Every unit has original hardwood floors, and five have been refinished. On the top floor, all four units received central air and heat in 2020 and 2021, and the ground-floor units have new ductless mini-split systems installed between 2020 and 2022. One classic-condition unit, occupied by a long-term tenant, has not been updated since acquisition, giving a new owner a clear renovation opportunity when that lease turns over. The property is owner-operated, fully occupied and has a long record of strong occupancy. With a Walk Score® of 91, a "Walker's Paradise" rating, it ranks among the most walkable addresses in Kansas City. The fare-free KC Streetcar Main Street Extension opened in October 2025, and its ridership more than doubled within the first month. It connects residents directly to the Plaza, UMKC, Crown Center, Union Station, Downtown and the Riverfront.

16 W 37th Street, Kansas City

Listing courtesy of Brice Bradshaw of Compass Realty Group.

3538 Cherry Street, Kansas City
$819,000
Historic, handsome, and impressive, this 1920-built stacked, single-level brick duplex is a rare find. Lovingly constructed by the original owner of No. 2 Janssen as a residence for his adult children, the property offers two spacious luxury residences, each with its own distinct character and private access. The homes feature 9.5-foot ceilings, original 10-inch crown moldings, doors and trim, beautiful hardwood floors, and private center halls. Thoughtfully designed landings and foyers create an effortless sense of comfort and flow that reflects the best architectural design of the era. The gorgeous marble-wrapped front vestibule and staircase provide a grand entrance, with a secure entry system allowing guests and visitors to be buzzed into either residence. A separate back staircase provides private access in and out of each unit. The kitchens have been thoughtfully modernized with custom cabinetry and other amenities, complemented by updates throughout the property. A large stone basement provides incredible storage, while the detached three-car garage adds even more functionality. Adding to the property's efficiency is a new SunSmart Technologies solar system, including panels, charge controllers, and inverters for each floor. Historic craftsmanship, thoughtful updates, impressive architectural details, and modern efficiency come together in this truly exceptional property.

3538 Cherry Street, Kansas City

Listing courtesy of Joseph Pinter of Realty ONE Group Metro Home Pros.

2333 Lister Avenue, Kansas City
$1,200,000
Exceptional investment opportunity to own a substantially renovated six-unit multifamily property with a 10-year tax abatement already in place. Extensive renovations completed between 2021 and 2024 have modernized the property and addressed many of the major capital components typically associated with older multifamily buildings. Improvements include a complete electrical replacement with new service, wiring, 200AMP individual unit panels, outlets, switches and fixtures; full plumbing replacement including a new main line, upgraded valve and code-compliant backflow system; new HVAC systems, water heaters, roof and sheathing, energy-efficient windows, exterior entry door with keypad security, and a new rear deck and stairs. Each unit has been fully remodeled with updated kitchens, bathrooms, flooring and appliances, along with select framing and drywall improvements completed to current building-code standards. The property also features enhanced security with motion-activated cameras and common-area lighting. All units are leased to voucher-program tenants and maintained in compliant, inspection-ready condition, providing a strong foundation for continued rental income. With major building systems and interiors already upgraded, this turnkey asset offers limited near-term capital expenditure needs. The existing 10-year tax abatement further enhances cash flow and long-term investment potential. An excellent opportunity for an investor seeking a stabilized, renovated multifamily property with modern infrastructure, established rental demand and additional upside potential.

2333 Lister Avenue, Kansas City

Listing courtesy of Deb Whitlock of Advantage Real Estate KC, LLC.

200 W Gregory Boulevard, Kansas City
$2,850,000
The Romanelli Reserve presents a rare opportunity to acquire a stunning, Class A new-construction multifamily asset offering nine spacious, luxury residences in one of Kansas City’s most desirable and appreciating areas. Purpose-built with an emphasis on quality, efficiency, and elevated living, this boutique property combines sophisticated finishes with the latest in construction technology and all-new building systems.Each of the 9 residences features a desirable 2-bedroom, 2-full-bath floor plan w soaring 10-foot ceilings, real hardwood floors, recessed lighting, premium GE appliances, oversized waterfall-edge quartz islands, and generous walk-in pantries. Custom-tiled luxury bathrooms and in-unit washers and dryers further elevate the living experience. Every unit also provides private outdoor living with either a spacious first-floor patio or upper-level balcony. The Romanelli Reserve features upgraded commercial-grade windows, high-efficiency HVAC systems, EV charging stations, ample on-site parking, and brand-new mechanical and building systems throughout. All-electric, individually sub-metered units help minimize owner-paid expenses, while master-metered water is reimbursed by tenants through a $125 monthly utility fee. These are among the finest high-end rental residences available in the market, allowing the property to command premium rents while attracting a strong and stable tenant demographic. The exceptional construction quality and boutique nine-unit configuration create a compelling combination of low-maintenance ownership, operational efficiency, and long-term desirability. Located just south of Kansas City’s prestigious Country Club Plaza and minutes from major hospitals, schools, employment centers, dining, shopping, and entertainment, The Romanelli Reserve is surrounded by continued investment and new commercial development in virtually every direction.

200 W Gregory Boulevard, Kansas City

Listing courtesy of Michelle Lutz of Lutz Sales + Investments.

3712 Washington Street, Kansas City
$875,000
Incredible investment opportunity in the heart of Midtown Kansas City. Operating as a fully furnished, midterm rental property for over 6 years! Offering more than 5,000 square feet of space, this turnkey 6-unit property pairs the character and craftsmanship of a historic residence with the updates and functionality needed for today’s tenants. The main residence with an oversized front porch, a gorgeous entry and original woodwork that carries throughout the building. Updated kitchens and baths, along with electrical and plumbing improvements. Select units also offer in-unit laundry. Adding even more versatility is the charming carriage house with two studio apartments, plus a detached two-car garage—ideal for tenant parking, owner storage or additional possibilities for an investor. A spacious basement provides even more room for storage and functionality. Having 6 units, generous off-street parking and multiple flexible spaces, the property lends itself beautifully to a traditional long-term rental portfolio or potential short-term rental strategy. Location is hard to beat and tucked at the end of a quiet, non-through street surrounded by gorgeous historic homes, you get a more private residential feel while still being right in the middle of everything Midtown Kansas City has to offer. A rare combination of scale, character, location and income-producing potential—all in one special property.

3712 Washington Street, Kansas City

Listing courtesy of Sarah Harnett of West Village Realty.

3401 Central Street, Kansas City
$1,249,000
Rare opportunity to acquire a 12-unit apartment building in the heart of Midtown Kansas City with strong in-place operations and immediate upside. The property consists of 12 spacious 1BR/1BA units, approximately 744 SF each, with all units located above grade. Units have been remodeled with modern finishes and color schemes, with many featuring quartz/granite countertops and stainless steel appliances. Major building components including HVAC, water heaters, electrical and plumbing were replaced/updated in 2019/2020, along with vinyl windows throughout. The roof is approximately six years old. Current rents are solid with additional room to grow toward market, providing a straightforward path to increased income. Additional upside may be available through adding in-unit washer/dryers, while the building already offers two washers and two dryers for tenant use. Other features include central heating and cooling, four off-street parking spaces, a shared tenant patio and a large dry basement with potential for a tenant workout/amenity area. Tenants pay their own gas and electric; owner pays water, trash and common-area electric. Excellent Midtown location near Downtown and the Country Club Plaza and within walking distance of the KC Streetcar extension, restaurants, shopping, employment and everyday amenities. A well-operated property offering a combination of modernized units, strong location and additional income-growth potential.

3401 Central Street, Kansas City

Listing courtesy of Alex Olson of Legendary Apartment Brokers.

8030 Campbell Street, Kansas City
$399,950
*ALL UNITS OCCUPIED* Investment opportunity in the heart of Waldo! Offered at $399,995, this all-brick fourplex generates approximately $48,000 in annual gross rental income with an estimated NOI of $35,334—representing an attractive 8.3% cap rate and a price of approximately $99,999 per unit. Each unit is a 2/1 with approx. 972 sqft of living space. Each spacious unit offers a comfortable, house-like feel that sets the property apart from a typical apartment building. Tenants also enjoy large private basement storage areas with laundry hookups and ample off-street parking. Utilities are separately metered and paid by the tenants, except for water, helping simplify operations and control owner expenses. The property is within walking distance of Waldo’s popular shops, restaurants, and neighborhood amenities, while remaining just minutes from State Line Road and convenient access to Kansas. Current average rents are approximately $1,000 per unit per month, leaving additional value-add potential. Rents could reach $1200/mo based on surrounding properties. With strategic updates as units turn, a future owner may have the opportunity to improve the units, increase rents, grow NOI, and strengthen the property’s long-term value. With durable all-brick construction, strong current income, spacious units, exceptional storage, ample parking, and an established Waldo location, this property offers an appealing combination of immediate cash flow and future upside.

8030 Campbell Street, Kansas City

Listing courtesy of Nic Helm of Sold in KC LLC.

5701 Saint John Avenue, Kansas City
$1,275,000
This really is $25k per door!!!! Welcome to the Lawndale Apartments, a 51-unit multifamily opportunity in Kansas City’s Historic Northeast. 5701, 5705, & 5609 St John Ave in Kansas City MO. This three-building brick property + one vacant lot, feature a balanced mix of 32 one-bedrooms, 13 studios, and 6 compact basement studios. The tenant base is primarily voucher-supported, ensuring consistent monthly income. With classic architectural details, large windows, and solid construction, the asset offers immediate cash flow and clear value-add potential through interior upgrades. See rent roll for current occupancy, mostly voucher based tenants. Current PM will stay in place. These buildings are no rehabbed and have some deferred maintenance but these are really priced at $25k per door. Current rents are strong, with spacious one-bedrooms appealing to long-term tenants and studio units especially the basement layouts—providing affordable options in a tight rental market. Investors can renovate units as they turn to capture additional upside while maintaining high occupancy. Operational improvements offer further room for growth. With scale, a desirable unit mix, and an attractive price-per-door, Lawndale is a rare acquisition in a submarket seeing steady revitalization. Surrounded by local investment and just minutes from downtown, this is a classic Kansas City asset positioned for both stability and long-term value add appreciation potential. Stable, Largely Voucher Tenant Base • St John Ave Corridor Location in The Historic Northeast • On Bus Line and Walkable to Local Businesses • High income per square foot • In-place Property Management Specializes in Voucher Tenant Management

5701 Saint John Avenue, Kansas City

Listing courtesy of Michelle Lutz of Lutz Sales + Investments.

4110 Charlotte Street, Kansas City
$465,000
Historic Hyde Park character meets investment flexibility in this classic 1909 two story home converted into a duplex. The property features a vacant one bedroom, one bath unit and an occupied three bedroom, one bath unit currently leased through August 2027. Live in one while rental income from the other helps offset ownership costs, or add a versatile property with an established tenant to your investment portfolio. Original hardwood floors preserve the character throughout both units, while several significant improvements have already been completed. Both units have approximately one year old HVAC systems and water heaters. The balconies have been rebuilt with Deckorators Vista composite decking and metal railings, and basement improvements include an interior perimeter drain, sump pump and added insulation. Outside, added hardscaping and a dedicated firepit area create an inviting shared outdoor space. The property also offers valuable off street parking and a detached garage in the back. With a little TLC, the garage offers possibilities for covered parking, additional storage, a workshop or potential creative studio space, subject to buyer verification and applicable city requirements. Located in historic Hyde Park with convenient access to the Nelson Atkins Museum of Art, UMKC, the Country Club Plaza, Westport and Midtown Kansas City. Whether you are searching for an owner occupied investment or your next rental property, this one offers character, flexibility and multiple opportunities under one roof.

4110 Charlotte Street, Kansas City

Listing courtesy of Timothy Cervantes of Platinum Realty LLC.

3035 Harrison Street, Kansas City
$3,400,000
This is the Midtown investment buyers have been waiting for. Harrison Haus is a beautifully renovated 43-unit apartment community in the heart of KC offering the rare combination of strong operations, extensive capital improvements, an irreplaceable central location and highly attractive assumable debt at just 3.22%.Located at 3035 Harrison St in the Longfellow/Union Hill corridor, Harrison Haus sits immediately east of Crown Center and Hospital Hill and steps from Martini Corner. The property has undergone substantial renovation throughout, creating a clean, modern and professionally finished asset that shows exceptionally well. Unit interiors, common hallways and interior spaces have been renovated, while major capital items including the roof, electrical, plumbing and windows have already been done. Built in 1926, the classic all-brick building contains 43 doors consisting of 24 studios and 19 one-bed units, an ideal mix for this urban, walkable location. The property also features approximately 30 dedicated off-street parking spaces, individually metered electric, central HVAC, RUBS utility reimbursements and on-site laundry. Strong occupancy demonstrates continued demand for these efficiently sized units and central location.The nearby 31st Street/Union Hill KC Streetcar stop provides tenants car-free access to Crown Center, Hospital Hill, the Crossroads, Downtown, Midtown, Westport, the Country Club Plaza and UMKC, greatly expanding connectivity to major employment, entertainment, dining and education. The investment offers strong in-place cash flow with additional rental upside, allowing a new owner to acquire an already stabilized and extensively improved property without sacrificing future growth potential. Perhaps most compelling is the assumable financing at an exceptional 3.22% interest rate. In today's environment, this below-market debt can provide a significant cash-flow advantage over new acquisition financing.

3035 Harrison Street, Kansas City

Listing courtesy of Michelle Lutz of Lutz Sales + Investments.

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The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.

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