29-Unit Brick Apartment
For Sale
$1,000,000
115 W 39th St, Kansas City, MO 64111
The three-story property is partially occupied and being prepared for redevelopment.
Property SizeContact for details
Days on Market13
Property Features for 115 W 39th St
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
25%
Site & Location
Neighborhood
Hanover Place
Additional Details
Multifamily Units
29
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,017
Building Details
Buildings
1
Stories
3
Construction
brick masonry
Listing Agency:
Clemons Real Estate LLC
Listed By:
Aaron Clemons · License #BR00221922
(816) 621-2130
Source:
Exprealty
Added: Oct 20
Changed: Oct 30
Last Checked: Oct 30 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clemons Real Estate LLC
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Investment Insights
Based on property information with market context.
This three-story brick masonry apartment building contains 29 units and is approximately 25% occupied. It is in legacy condition and is being prepared for redevelopment, with a contractor bid in hand for a full renovation. The property is structurally matched by the renovated apartment building next door, and it may be acquired on its own or together with that neighboring property.
The building is within a PIEA planning area, where a buyer may pursue property tax abatement. The renovation is also eligible for combined Missouri and federal Historic Tax Credits.
The building is within a PIEA planning area, where a buyer may pursue property tax abatement. The renovation is also eligible for combined Missouri and federal Historic Tax Credits.
Key Highlights
- 29‑unit, three‑story brick masonry apartment building
- Approximately 25% occupied and being prepared for redevelopment
- Contractor bid in hand for a full renovation
Property Analytics
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Lease Details
29
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,887
Businesses Nearby
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Business Placement
Demographics for 64111, MO
17,112
Population
12,430
Households
1.4
Avg Household Size
33
Median Age
64%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,338
Density / Sq Mi
$61,802
Median Household Income
$49,942
Median Earnings
$1,184
Median Rent
$269,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-story property is partially occupied and being prepared for redevelopment.
Where is this apartment building located?
The property is located at 115 W 39th St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 29‑unit, three‑story brick masonry apartment building; Approximately 25% occupied and being prepared for redevelopment; Contractor bid in hand for a full renovation
