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    The Largest CRE Database in the US with Over 1 Million Listings

    844 Washington Blvd Kansas City, KS 66101

    Sponsored
    For Sale
    $325,000

    MULTI_FAMILY - Kansas City, KS

    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 4:06 pm

    Property Features for 844 Washington Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RP-5
    Rooms
    Bathroom 1, Basement
    APN
    082019
    Parking features
    Off Street
    Appliances
    Microwave, Refrigerator, Electric Range, Stainless Steel Appliance(s)
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Natural Gas
    Cooling system
    Heat Pump, Electric
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick/Mortar
    Roof type
    Composition

    We can help!

    Listing Contact
    Nelson Home Group

    Keller Williams northland partners llc (816) 452-4200

    Listing agent Nelson Home Group

    Listing date Mar 2, 2026

    MLS# 2604398

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Fourplex in Kansas City

    This is a fully renovated, 100% occupied fourplex in Kansas City, KS, constructed in 1940. The property has been renovated from the studs up with a comprehensive 2022 capital overhaul. The building features brick construction and an arched entry. A new architectural shingle roof was installed, along with individual mini-split HVAC systems in every unit, all-new water heaters, and upgraded electrical panels. Stainless steel appliances are included throughout. The interiors feature luxury vinyl plank flooring, white shaker cabinetry, subway tile backsplashes, black countertops, and tiled bathrooms. All four 1BD/1BA units are individually metered for electric, gas, and water, with tenants responsible for all utility bills. Individual washer/dryer hookups were added to each unit in 2023. One unit carries a government-backed Housing Choice Voucher with direct monthly payments from the housing authority. The property is zoned RP-5 and sits on a 0.141-acre lot. Professional property management is in place and transferable to a new owner. The owner's only utility exposure is a single basement gas line averaging approximately $85 per month. This property is intended for use as a multi-family or residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.631801
    Latitude
    39.118842

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    FAQs

    What type of property is this?
    Quadplex - Turnkey, fully occupied fourplex with modern upgrades and cash flow.
    Where is this quadplex located?
    The property is located at 844 Washington Blvd Kansas City, KS.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Fully renovated fourplex (2022) with **new roof, HVAC, water heaters, electrical panels, and stainless steel appliances.**; - 100% occupied and turnkey, providing **immediate cash flow.**; - Each unit has individual mini-split HVAC systems and washer/dryer hookups.
    (816) 459-0029
    Request Owner's contact information
    844 Washington Blvd Kansas City, KS 66101
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    Kansas City, KS 66101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    844 Washington Blvd Kansas City, KS 66101
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    We can help!
    Listing Contact
    Nelson Home Group
    (816) 459-0029 (816) 452-4200
    Learn more
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