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    3102 North 51St Ter Kansas City, KS 66104

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    For Sale
    $1,800,000

    18-unit complex near schools with recent renovations and strong occupancy.

    Property size:
    12,600 SF

    Property Features for 3102 North 51St Ter

    General Information

    Size
    12,600 SF

    Building Details

    Year built
    1967

    Source: Richard S. Hurst, CCIM Agent Richard S. Hurst, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kansas City Multifamily Investment Opportunity

    This 18-unit, two-story complex is located in Kansas City, Kansas, at the intersection of N. 51st Ter. and Leavenworth Rd. The property is situated adjacent to an elementary school and in close proximity to a middle and high school. Its location provides convenient access to I-635, facilitating travel throughout the city. The complex is also located within a 15-minute drive to the Legends Shopping District, NASCAR, Children's Mercy Soccer Complex, KC Live in downtown Kansas City, MO, and Zona Rosa. The property consists of 12,600 square feet. The complex features 14 two-bedroom units and 4 one-bedroom units. Each unit is equipped with a washer and dryer. Renovations were completed in 2021, including a new roof, stairs, and decking throughout the exterior of the building. All units were renovated in 2016. The property currently has a 90% occupancy rate. The location and rent range make it a suitable option for families or individuals seeking proximity to schools or work.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.698757
    Latitude
    39.143015

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    FAQs

    What type of property is this?
    Apartment building - 18-unit complex near schools with recent renovations and strong occupancy.
    Where is this apartment building located?
    The property is located at 3102 North 51St Ter Kansas City, KS.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Excellent Location: Heart of Kansas City, KS, near major roads (I-635) for easy city access.; - Recent Renovations: New roof, stairs, and decking completed in 2021.; - Washer/Dryer in Every Unit: Highly desirable amenity for renters.
    (816) 305-5587
    Request Owner's contact information
    3102 North 51St Ter Kansas City, KS 66104
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    Kansas City, KS 66104
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    Realmo Value Estimation

    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.

    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.

    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
    3102 North 51St Ter Kansas City, KS 66104
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