Midtown Kansas City Apartment
206 W 34th St, Kansas City, MO 64111
Eight-unit apartment complex in desirable Midtown Kansas City neighborhood.
Type:Multifamily
Property size:
5,373 SFPrice / SF:
$162/SF- Added:
- Feb 9, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 206 W 34th St
General Information
- Standard status
- Active
- Size
- 5,373 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1921
Listing agent Nick Ambrosio License #2019045481
Listing office Peak Real Estate Partners
Listing date Feb 9, 2026
Source Crexi
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 Peak Real Estate Partners
HighLights
- Prime Midtown location near Downtown KC, Country Club Plaza, and Westport entertainment districts.
- Recently renovated 2BR units with new kitchens and bathrooms.
- Eight‑unit apartment complex with a mix of 2BR/1BA and studio units.
- Ample off‑street parking available for tenants.
- 80% of windows have recently been replaced.
- Property has seen renovations throughout ownership, with the majority in the last 3 years.
Overview
Located in the Broadway Gillham neighborhood of Midtown Kansas City, Missouri, 206 W 34th St is an 8-unit apartment complex. The property contains six 2-bedroom, 1-bathroom units and two studio units. The property has undergone renovations throughout its ownership, with the majority of renovations taking place in the last 3 years. The 2-bedroom units have been updated with new kitchen flooring, stainless steel appliances, quartz countertops, cabinets, and light fixtures. The bathrooms in these units feature new vanities, flooring, and resurfaced tubs. The basement studios have received minor upgrades, including new cabinets, LVP flooring in one unit, and new laminate countertops. Ample off-street parking is available for tenants. Approximately 80% of the windows have been recently replaced. The age of the roof is estimated to be 15 years old, and the ages of the HVAC systems vary. The property is located in close proximity to Downtown Kansas City, The Country Club Plaza, Westport, and other major entertainment districts.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$641.0K
NOI $57,693 @ 9.00% cap · cautious / downside scenario
Moderate
$824.2K
NOI $57,693 @ 7.00% cap · market / base-case scenario
Aggressive
$1.15M
NOI $57,693 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $20.88 |
| − Vacancy | −$7.3k | −$1.36 |
| EGI | $104.9k | $19.52 |
| − OpEx | −$47.2k | −$8.79 |
| NOI | $57.7k | $10.74 |
5,373 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$824.2K
$721.2K – $961.6K
NOI $57,693 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,586 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.5884327
- Latitude
- 39.0659124
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment complex in desirable Midtown Kansas City neighborhood.
Where is this apartment building located?
The property is located at 206 W 34th St Kansas City, MO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime Midtown location near Downtown KC, Country Club Plaza, and Westport entertainment districts.; Recently renovated 2BR units with new kitchens and bathrooms.; Eight‑unit apartment complex with a mix of 2BR/1BA and studio units.
