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12-Unit Townhome Apartment Complex
For Sale
$5,520,000

1005 W 38th Street, Kansas City, MO 64111

B3-zoned multifamily property near dining, transit, and major commuter routes.

Property SizeContact for details
Days on Market11

Property Features for 1005 W 38th Street

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Residential Income
Zoning B3

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 12 x 1,200 SF floor plan, 9 x 2BR/1BA, 2 x 2BR/2.5BA, 1 x 3BR/2BA
Multifamily Units 12

Building Details

Year Built 1950
Listed By: Rob Ellerman
Source: Mizehillks.idxbroker
Added: Sep 16 Last Checked: Sep 24 at 6:43AM

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 Rob Ellerman

Investment Insights

Based on property information with market context.

Located at 1005 W 38th Street in Kansas City, this 12-unit townhome apartment complex was built in 1950 and is zoned B3. Each residence provides a 1,200-square-foot floor plan, creating a consistent configuration across the property.

The unit mix includes nine two-bedroom, one-bathroom townhomes, two two-bedroom, two-and-a-half-bathroom layouts, and one three-bedroom, two-bathroom unit. The property is near the 39th Street District, Westport, and the Country Club Plaza, with access to local dining, transit, and major commuter routes.

Key Highlights

  • 12‑unit townhome apartment complex
  • Each residence offers 1,200 square feet
  • Unit mix includes nine 2‑bedroom, 1‑bathroom townhomes

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,114
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - B3-zoned multifamily property near dining, transit, and major commuter routes.
Where is this apartment building located?
The property is located at 1005 W 38th Street Kansas City, MO.
What is the asking price?
The asking price for this property is $5,520,000.
What are key features of this property?
This property features: 12‑unit townhome apartment complex; Each residence offers 1,200 square feet; Unit mix includes nine 2‑bedroom, 1‑bathroom townhomes
More about this property
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