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Six-Unit Apartment Building
For Sale
$550,000

203 N Mersington Ave, Kansas City, MO 64123

Four units have long-term tenants, while two vacant units are ready for occupancy.

Property SizeContact for details
Days on Market9

Property Features for 203 N Mersington Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 6

Amenities

laundry facilities
dedicated storage

Building Details

Year Built 1910
Buildings 1
Tenancy Multi
Listing Agency: Platinum Realty LLC
Listed By: Integrity Home Team
Source: Integrityhometeam
Added: Sep 19 Changed: Sep 26 Last Checked: Sep 26 at 7:23AM

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 Platinum Realty LLC

Investment Insights

Based on property information with market context.

Built in 1910, this six-unit apartment building was expanded from its original four-plex configuration. The interiors feature refinished hardwood flooring, fresh paint, and granite finishes on countertops, window sills, and fireplace mantels. Units are described as clean and spacious, with two currently vacant and ready for occupancy.

A shared basement area provides laundry facilities and dedicated storage for each occupant. Four units are leased to long-term tenants. The property is in Kansas City's Pendleton Heights neighborhood, with downtown Kansas City, 300-acre Kessler Park, restaurants, and retail nearby.

Key Highlights

  • Six total apartment units following conversion from a four‑plex
  • Four units occupied by long‑term tenants; two units currently vacant
  • Refinished hardwood floors and fresh interior paint

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Daycare Center Electrical Service (Bike/Boat/Book/etc) 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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 64123, MO

10,639
Population
4,459
Households
2.4
Avg Household Size
32
Median Age
22%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
5,911
Density / Sq Mi
$46,764
Median Household Income
$35,926
Median Earnings
$961
Median Rent
$111,100
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Four units have long-term tenants, while two vacant units are ready for occupancy.
Where is this apartment building located?
The property is located at 203 N Mersington Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six total apartment units following conversion from a four‑plex; Four units occupied by long‑term tenants; two units currently vacant; Refinished hardwood floors and fresh interior paint
More about this property
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