All-Brick 8-Unit Apartment
For Sale
$825,000
5401 E 27th Terrace, Kansas City, MO 64128
MULTI_FAMILY - Kansas City, MO
Property Size5,200 SF
Lot Size0.20 Acres
Price / SF$158.65
Days on Market49
Property Features for 5401 E 27th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-1.5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Off Street
Interior features
Apply To All Units
Subdivision
Greendale
Elementary school district
Kansas City Mo
Middle school district
Kansas City Mo
High school district
Kansas City Mo
Directions
70 east to North on Van Brunt Blvd. Building will be on the right side at 27th Terrace across from Kansas City Police Department Station.
Standard status
Active
APN
28-810-10-13-00-0-00-000
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
GREENDALE LOTS 58 & 59
Tax Annual Amount
113000
Legal Description
GREENDALE LOTS 58 & 59
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
10
Building materials
Brick/Mortar
Roof type
Composition
Listing Agency:
Compass Realty Group
(816) 280-2773
Listed By:
Ray Homes KC Team
(913) 449-2555
Added: Jun 12
Changed: Jul 11
Last Checked: Jul 30 at 11:06AM
MLS# 2625728
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently renovated, all-brick apartment building contains eight 1-bedroom, 1-bathroom units. The interiors have been updated, and the common areas are described as well-maintained. The property is currently operating as Section 8 housing. In addition to the existing units, there are two additional basement units that have been framed and are ready for completion.
The building sits on a 0.2-acre lot and is zoned R-1.5. The listing notes convenient access to transportation.
For buyers or investors seeking a turnkey multifamily asset, the property’s updated interiors and maintained common areas support immediate occupancy with its current Section 8 operation. The framed basement units offer a clear path to add two more apartments through completion, expanding the building beyond its current eight-unit configuration. The solid brick construction and recent renovations are positioned as key durability factors for long-term ownership.
The building sits on a 0.2-acre lot and is zoned R-1.5. The listing notes convenient access to transportation.
For buyers or investors seeking a turnkey multifamily asset, the property’s updated interiors and maintained common areas support immediate occupancy with its current Section 8 operation. The framed basement units offer a clear path to add two more apartments through completion, expanding the building beyond its current eight-unit configuration. The solid brick construction and recent renovations are positioned as key durability factors for long-term ownership.
Key Highlights
- Recently renovated all‑brick 8‑unit apartment building (built 1960) with public water and public sewer
- Unit mix: eight 1‑bedroom, 1‑bathroom units, each approximately 650 SF
- Basement includes two additional units already framed and ready for completion for possible added rental income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.6k | $20.88 |
| − Vacancy | −$7.1k | −$1.36 |
| EGI | $101.5k | $19.52 |
| − OpEx | −$45.7k | −$8.79 |
| NOI | $55.8k | $10.74 |
5,200 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$797.6K
$697.9K – $930.6K
NOI $55,835 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,701 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 64128, MO
11,872
Population
6,681
Households
1.8
Avg Household Size
37
Median Age
10%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,957
Density / Sq Mi
$35,257
Median Household Income
$31,227
Median Earnings
$926
Median Rent
$64,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated brick 8-unit building with framed basement expansion units and existing Section 8 operation.
Where is this apartment building located?
The property is located at 5401 E 27th Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Recently renovated all‑brick 8‑unit apartment building (built 1960) with public water and public sewer; Unit mix: eight 1‑bedroom, 1‑bathroom units, each approximately 650 SF; Basement includes two additional units already framed and ready for completion for possible added rental income
