5121 Thompson Avenue, Kansas City, MO 64124

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$465,000
 est. $2,139/mo

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.

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
Oct 06, 2026 at 6:10pm
MLS Number
2645865
Property Tax
$4,712
Zoning
$R-2.5
Home Owners Association
No
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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.
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