Three-Story All-Studio Apartment
3201-3211 Broadway St Kansas City, MO 64111
For Sale
$5,800,000
All-studio multifamily asset in three contiguous 3-story buildings with upgraded electrical, plumbing, windows, and TPO roofing.
Property Size38,000 SF
Price / SF$152.63
Days on Market52
Property Features for 3201-3211 Broadway St
General Information
- Standard status
- Active
- Size
- 38,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1921
Listing Agency:
Clemons Real Estate
(913) 481-5727
Listed By:
Quinn Hahs · License #MO #2022040834
(913) 481-5727
Source:
Clemonsrealestate
Added: Jun 3
Changed: Jul 22
Last Checked: Jul 23 at 4:31AM
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 Clemons Real Estate
Investment Insights
Based on property information with market context.
This all-studio multifamily property offers 72 units across three contiguous 3-story buildings. The community has undergone extensive capital improvements, including updated copper electrical systems with new 100A panels, full PEX water lines, and PVC drain stacks. Roofs were replaced with TPO systems between 2016 and 2018, and double-pane vinyl windows have been installed throughout.
The property is located in Midtown Kansas City near Penn Valley Park, Westport, and Main Street transit.
The property is located in Midtown Kansas City near Penn Valley Park, Westport, and Main Street transit.
Key Highlights
- 72‑unit, all‑studio multifamily asset in Midtown Kansas City across three contiguous 3‑story buildings
- Total building size: 38,000 SF
- Updated copper electrical systems with new 100A panels
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 | $793.4k | $20.88 |
| − Vacancy | −$51.6k | −$1.36 |
| EGI | $741.9k | $19.52 |
| − OpEx | −$333.8k | −$8.79 |
| NOI | $408.0k | $10.74 |
38,000 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.83M
$5.10M – $6.80M
NOI $408,027 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.05M
$7.92M – $10.56M
NOI $633,585 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - All-studio multifamily asset in three contiguous 3-story buildings with upgraded electrical, plumbing, windows, and TPO roofing.
Where is this apartment building located?
The property is located at 3201-3211 Broadway St Kansas City, MO.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 72‑unit, all‑studio multifamily asset in Midtown Kansas City across three contiguous 3‑story buildings; Total building size: 38,000 SF; Updated copper electrical systems with new 100A panels
