Two-Building Multifamily
115-119 W 39th St Kansas City, MO 64111
115-119 W 39th St, Kansas City, MO, 64111
$4,400,000
For Sale
$4,400,000
Fully occupied 29-unit building plus an additional 29-unit building on separate parcels with office/lobby convertible to a 30th unit.
Days on Market9
Property Features for 115-119 W 39th St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency
Clemons Real Estate
(913) 481-5727
Listed by
Quinn Hahs · License #MO #2022040834
(913) 481-5727
Source
Clemonsrealestate
Added: Jul 11 Checked: Jul 19 at 4:05 am
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Investment Insights
Based on property information with market context.
The Flats on 39th Street is a two-building multifamily portfolio totaling 60 units, positioned along the W. 39th Street corridor. One building (119 W. 39th Street) is a fully renovated 29-unit property generating stabilized in-place income, with over $2M invested in electrical, plumbing, sewer, foundation work, and interior improvements. It also includes built-out office space that is easily convertible to an additional 30th unit. The second building (115 W. 39th Street) is a structural twin on a separate parcel with 29 units and an office/lobby area that converts to a 30th unit in the same manner, positioned for renovation.
Both properties are located within walking distance of the 39th Street streetcar stop and one block off Main Street, in a corridor described as supporting active reinvestment.
Because the buildings sit on individual parcels, 115 W. 39th Street is set up with its own low cost basis. The seller indicates the portfolio is 58 units in operation today, with 2 additional units a straightforward build-out away. The seller will consider offers on individual buildings.
Both properties are located within walking distance of the 39th Street streetcar stop and one block off Main Street, in a corridor described as supporting active reinvestment.
Because the buildings sit on individual parcels, 115 W. 39th Street is set up with its own low cost basis. The seller indicates the portfolio is 58 units in operation today, with 2 additional units a straightforward build-out away. The seller will consider offers on individual buildings.
Key Highlights
- 60‑unit, two‑building portfolio (1925) along W. 39th Street in Midtown Kansas City, one block off Main Street.
- 119 W. 39th Street: fully renovated 29‑unit building generating stabilized, in‑place income; over $2M invested in electrical, plumbing, sewer, foundation, and interiors.
- Both buildings include bonus office/lobby space that can be converted to a 30th unit, bringing each building to 30 potential units.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully occupied 29-unit building plus an additional 29-unit building on separate parcels with office/lobby convertible to a 30th unit.
Where is this apartment building located?
The property is located at 115-119 W 39th St Kansas City, MO.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 60‑unit, two‑building portfolio (1925) along W. 39th Street in Midtown Kansas City, one block off Main Street.; 119 W. 39th Street: fully renovated 29‑unit building generating stabilized, in‑place income; over $2M invested in electrical, plumbing, sewer, foundation, and interiors.; Both buildings include bonus office/lobby space that can be converted to a 30th unit, bringing each building to 30 potential units.
