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Midtown Kansas City Apartment Complex

206 W 34th St, Kansas City, MO 64111

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Eight-unit apartment complex in desirable Midtown Kansas City neighborhood.

Type:Multifamily

Property size:

5,373 SF

Price / SF:

$162/SF

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.

We can help!

Contact an agent

Nick Ambrosio

For Sale

Contact for pricing

Eight-unit apartment complex in desirable Midtown Kansas City neighborhood.

Type:Multifamily

Property size:

5,373 SF

Price / SF:

$162/SF

Added:: Feb 9, 2026
Days on Market:: 147
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

We can help!

Contact an agent

Nick Ambrosio

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Apartment 5plus

$824.2K

$721.2K – $961.6K (±1% cap)

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 (±1% cap)

NOI $89,586 @ 7.0% cap · market cap 10.24%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Kansas City
County: Platte
State: Missouri
Longitude: -94.5884327
Latitude: 39.0659124

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For sale
Apartment buildings
MO
Kansas City
64111
206 W 34th St

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.