5121 Thompson Avenue, Kansas City, MO 64124

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$465,000
 est. $2,139/mo

Back on the market, no fault of the sellers—inspections available! This 8-unit multifamily is a true value-add opportunity in a prime downtown location. Each unit is a 1 bed/1 bath, and the property already has major updates including new windows, fresh flooring, a brand-new concrete patio, and the combination of two parcels into one large lot. It recently appraised for $600,000. Current occupancy sits at 50% due to tenant turnover and a change in management, but the rented units are already achieving $1,000+ per month. That supports a pro forma gross rent of $8,000 monthly once stabilized, making this a strong opportunity to capture upside and long-term cash flow.

Directions
Head east on Independence Ave. Turn left on Quincy Ave. At the stop sign, turn right. The destination is on your right.
Subdivision
Dundee Park
City
Kansas City
County
Jackson
Property Type
Residential Income / Apartment
Listing Updated
Aug 27, 2025 at 11:08am
MLS Number
2516347
Property Tax
$4,712
Zoning
$R-2.5
Home Owners Association
No
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