Historic Colonnade-Style Apartment
3433 Central St Kansas City, MO 64111
For Sale
Contact for pricing
Built in 1911, this three-story multifamily building offers 17 units with updated mechanicals, plumbing, and electrical.
Property Size8,928 SF
Price / SF$176.41
Days on Market114
Property Features for 3433 Central St
General Information
- Standard status
- Active
- Size
- 8,928 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1911
Listing Agency:
Lutz Sales + Investments
(913) 426-5576
Listed By:
Michelle Lutz · License #2018036086
Source:
Crexi
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 23 at 8:22AM
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 Lutz Sales + Investments
Investment Insights
Based on property information with market context.
Armourview Apartments is a historic, colonnade-style multifamily building originally constructed in 1911. The property is a three-story apartment building located within the Old Hyde Park Historic District and contains 17 total units, including five studios, 11 one-bedroom units, and one two-bedroom unit. Updates include new mechanicals, along with updated plumbing and electrical.
The building is located at 3433 Central St in Kansas City, MO. It is described as being within walking distance to Broadway-Gillham retail, Martini Corner, and the KC Streetcar extension.
From a unit mix standpoint, the majority of the inventory is one-bedroom apartments, complemented by a smaller studio component and a single two-bedroom unit.
The building is located at 3433 Central St in Kansas City, MO. It is described as being within walking distance to Broadway-Gillham retail, Martini Corner, and the KC Streetcar extension.
From a unit mix standpoint, the majority of the inventory is one-bedroom apartments, complemented by a smaller studio component and a single two-bedroom unit.
Key Highlights
- Built in 1911, this three‑story multifamily building is located within the Old Hyde Park Historic District
- 17 total units: five studios, 11 one‑bedroom, and one two‑bedroom unit
- New mechanicals plus updated plumbing and electrical
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 | $186.4k | $20.88 |
| − Vacancy | −$12.1k | −$1.36 |
| EGI | $174.3k | $19.52 |
| − OpEx | −$78.4k | −$8.79 |
| NOI | $95.9k | $10.74 |
8,928 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,865 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,859 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Armour View
Apartment Complex
FAQs
What type of property is this?
Apartment building - Built in 1911, this three-story multifamily building offers 17 units with updated mechanicals, plumbing, and electrical.
Where is this apartment building located?
The property is located at 3433 Central St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Built in 1911, this three‑story multifamily building is located within the Old Hyde Park Historic District; 17 total units: five studios, 11 one‑bedroom, and one two‑bedroom unit; New mechanicals plus updated plumbing and electrical
