3113-3123 Thompson Avenue, Kansas City, MO 64124

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$1,625,000
 est. $7,745/mo

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 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.

Directions
Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 0.6 mi Take exit 3C toward Prospect Ave, go 0.1 mi Keep left to continue on E 14 St, go 98 ft Turn left at the 1st cross street onto Prospect Ave, go 0.5 mi Turn right onto E 9th St, go 0.4 mi Turn left onto Benton Blvd, go 0.4 mi Turn left Destination will be on the right, go 164 ft
Subdivision
Smart's D O Add
City
Kansas City
County
Jackson
Property Type
Residential Income / Apartment
Listing Updated
Aug 20, 2025 at 6:08pm
MLS Number
2568053
Property Tax
$19,739
Zoning
$R-7.5
Home Owners Association
No
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