1621 Washington Blvd - Apartments FOR SALE


Kansas City, KS 66102- Riverview
$4,425,000 USD
913-439-9332
1621 Washington Blvd, Kansas City, KS for Sale
$4,425,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1621 Washington Blvd
Kansas City, KS 66102
Riverview


HIGHLIGHTS

  • 64-unit apartment complex in the heart of KCK
  • Great interstate access - minutes away from I-635 & I-79
  • Access to major employers located throughout Wyandotte County
  • Broad unit mix | Studios, 1 bed / 1 bath, 2 bed / 1 bath
  • Laundry facilities on site
  • Surface parking | 52 off street parking stalls

OVERVIEW

Parc West Apartments is a 64 unit multifamily offering located at 1621 Washington Boulevard and 1613 Everett Avenue, Kansas City, KS 66102. the Property presents a compelling value-add opportunity for an investor seeking access to the growing Kansas City, Kansas submarket. With 75% occupancy as of February 2026, a new owner can implement rent growth strategies, bring units to market levels, and explore voucher tenancy to significantly increase NOI and explore additional voucher tenancy to significantly increase NOI. Unrenovated Building 4 (10 units) is also eligible for Historic Tax Credits, providing an additional avenue for value creation. The property benefits from excellent interstate access, minutes from I-635 and I-70, with proximity to major employers throughout Wyandotte County. The broad unit mix of studios, 1-bed/1-bath, and 2-bed/1-bath units with stainless steel appliances and new luxury flooring appeals to a wide renter demographic. This is a perfect opportunity for a regional investor to capitalize on available Historic Tax Credits and bring the asset to full occupancy.

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

64

PRICE/UNIT

$69,141

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parc West

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

RP5

APN/PARCEL ID

091109,091203

ASK ABOUT THIS PROPERTY

Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.