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- Description
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No HOA
Street View
$465,000
Monthly Est:$2,314
-- Bed
1 Bath
--sqft
5121 Thompson Ave, Kansas City, MO 64124
$465,000
$2,314/moEst:
Get Pre-Approved
Apartment
Built in 1923
$-- HOA
3,720 sqft lot
--/sqft
Description
An exceptional opportunity awaits the discerning investor looking to secure a high-performing asset that meets the highly coveted 1% rule. Situated in a prime downtown location, this 8-unit multifamily complex offers an immediate revenue stream alongside substantial value-add potential. The property comprises six 1 bed, 1 bath units, and two 2 bed, 1 bath units currently yielding $5,548 per month in rental income with a 7/8 occupancy rate. Significant capital expenditures have already been completed, including a foundation repair, comprehensive termite treatment, new windows, updated flooring, and a newly poured concrete patio. Additionally, the majority of the units feature recently replaced appliances and PTAC climate control systems. A detailed spreadsheet is provided for all maintenance and upgrades on each unit. Additionally, an inspection report is available from the last year. Backed by a recent $600,000 appraisal, this turnkey asset is primed for immediate acquisition.
- Houzeo last checked: 2 minutes ago
- Listing updated: October 6, 2026 at 11:45 pm
- Listing Provided by: We Heart Homes Team (816) 745-8906 , Emmie Dearing | KW KANSAS CITY METRO (913) 825-7500
- Source: Heartland MLS-KS | MLS#: 2645865
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
- sqft
Lot Size
3,720 sqft lot
Basement Area
- sqft
MLS Name
Heartland MLS
MLS Number
2645865
MLS Status
Active
Days on Market
2
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: 1
Interior
Interior Features
Individual Storage
Heating
Natural Gas
Cooling
Window Unit(s)
Sewer
Public Sewer
Construction
Year Built
Year Built: 1923
Home type
Apartment
Roof
Composition
Construction Materials
Concrete, Stucco
Utilities & Energy
Parking Features
On Street, Other
Utilities
Cent Water Heater, Separate Meters
Water Source
Public
Other Features
Subdivision Name
Dundee Park
Price History
| Date | Event | Price |
|---|---|---|
10/06/2026 Source: | Listed for Sale | $465,000 $0/sqft |
10/29/2025 Source: | Listing Removed | $465,000 $0/sqft |
08/26/2025 Source: | Price Decreased | $465,000 -3.12% $0/sqft |
06/06/2025 Source: | Listed for Sale | $480,000 +384.85% $0/sqft |
08/29/2023 Source: | Price Decreased | $99,000 -84.77% $0/sqft |
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Based on information from the Kansas City Regional Association of REALTORS® or Heartland MLS through Oct 08, 2026, 11:01PM. The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Heartland MLS does not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non- commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Some IDX listings have been excluded from this website. 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. © 2026 Heartland Multiple Listing Service, Inc. All Rights Reserved.
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