3113–3123 Thompson Ave, an 18-unit multifamily portfolio consisting of three contiguous, side-by-side buildings in Kansas City’s Historic Northeast. 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… Read More 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. Read Less
Listing Snapshot
Days Online
4
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1929
MLS Number
HMS2568053
Additional Details
Building
Construction Materials: "Brick/Mortar", "Concrete", Year Built: 1929
Cooling
Details: "Window Unit(s)"
Heating
Heating: "Baseboard"
Home Owner's Association
Fee: 0, Dues Frequency: None
Lot
Size: 8078
Property
Zoning: R-7.5
Roof
Description: "Synthetic"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Ind Heat And Air"
Listing courtesy of Lutz Sales + Investments 913-426-5576
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright , Heartland Multiple Listing Service, Inc. Heartland MLS and Legendary Apartment Brokers do 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 noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Listings last updated on ,
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