Brick 9-Unit Apartment
1316 Admiral Blvd Kansas City, MO 64106
1316 Admiral Blvd, Kansas City, MO, 64106
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For Sale
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Apartment building near Kansas City's dynamic destinations.
Property Size3,792 SF
Price / SF$170.62
Days on Market70
Property Features for 1316 Admiral Blvd
General Information
- Standard status
- Active
- Size
- 3,792 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1921
Listing Agency
RE/MAX LEGACY
Listed by
Sally Burns · License #MO 2016043038
Source
Crexi
Added: May 11 Checked: Jul 17 at 9:22 am
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 RE/MAX LEGACY
Investment Insights
Based on property information with market context.
This brick apartment building contains 9 units and offers the potential to increase value by raising rents to market rates, consolidating utility expenses, or adding affordable housing tenants. The property is located less than a mile from the Kansas City University Medical Campus, River Market, Columbus Park, and Downtown Kansas City. It is also located approximately 2 miles from the Berkley Riverfront development and the KC Current Soccer Stadium. The property is positioned near ongoing redevelopment, major employment centers, established neighborhoods, dining, entertainment, and future growth opportunities throughout the urban core. The building has a total area of 3792 square feet and maintains high occupancy.
Key Highlights
- High occupancy 9‑unit apartment building.
- Value‑add potential through rent increases and utility consolidation.
- Prime location near Kansas City University Medical Campus, River Market, Columbus Park, and Downtown Kansas City.
Local 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 | $79.2k | $20.88 |
| − Vacancy | −$5.1k | −$1.36 |
| EGI | $74.0k | $19.52 |
| − OpEx | −$33.3k | −$8.79 |
| NOI | $40.7k | $10.74 |
3,792 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$903.2K
$790.3K – $1.05M
NOI $63,225 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building near Kansas City's dynamic destinations.
Where is this apartment building located?
The property is located at 1316 Admiral Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: High occupancy 9‑unit apartment building.; Value‑add potential through rent increases and utility consolidation.; Prime location near Kansas City University Medical Campus, River Market, Columbus Park, and Downtown Kansas City.
