3113-3123 Thompson Ave - Apartments FOR SALE


Kansas City, MO 64124- Scarritt Point
$1,625,000 USD
913-426-5576
3113-3123 Thompson Ave, Kansas City, MO for Sale
$1,625,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3113-3123 Thompson Ave
Kansas City, MO 64124
Scarritt Point


HIGHLIGHTS

  • Three Contiguous Sixplexes
  • Thriving Area 2.5 miles from Downtown and on Major Transportation Lines
  • One Building taken to the Bare Structure and Fully Reconstructed.
  • Major Cap-ex has been Completed Across All Three Buildings

OVERVIEW

3113–3123 Thompson Ave, an 18-unit multifamily portfolio consisting of three contiguous, side-by-side buildings in Kansas City’s Historic Northeast. Offered exclusively by Lutz Sales + Investments, this classic 1920s asset features updated systems, efficient operations, and the opportunity to increase financial returns through lease-up and value-add strategies. One 6-unit building has been fully renovated down to the studs and will be delivered vacant, ready for market-rate tenants. The remaining occupied buildings have received consistent upgrades over time, with freshened common areas completed in summer 2025. The property is all-electric, with updated plumbing throughout, including a new sewer line installed in 2023, and features low-maintenance electric baseboard heat and window A/C units. While there is no off-street parking, the location is just 2.5 miles from downtown and close to public transportation lines. City-provided trash service helps keep operating expenses low, and there is potential to add common laundry in the basement for additional income and tenant convenience. This is a rare, cohesive multifamily offering with solid fundamentals and financial upside.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

18

PRICE/UNIT

$90,278

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thompson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-7.5

APN/PARCEL ID

13-930-28-01-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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