4521 Forest Avenue, Kansas City, MO 64110
MULTI_FAMILY - Kansas City, MO
- Added:
- Feb 21, 2025
- Days on Market:
- 500
- Last Refresh:
- Jul 6 at 9:06 pm
Property Features for 4521 Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
- Parking
- 1
- Parking features
- Off Street, On Street
- Patio and Porch features
- Porch
- Appliances
- Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- 30-620-20-12-00-0-00-000
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 176
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Matt Zammar License #2007013654 (816) 916-4292
Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, MO (816) 280-2773
Listing date Feb 21, 2025
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Newly constructed condominiums (Year Built 2025) listed as under construction
- 2‑bed, 2‑bath layout in each unit: first floor ~980 SF and second floor ~1,147 SF
- Full property tax abatement through 2034 (per remarks) with a 10‑year QBW home protection plan included
- Electric heating and electric cooling; public water and public sewer
- Vinyl siding exterior with a composition roof; includes porch and on‑street/off‑street parking
- Kitchen appliances include dishwasher, disposal, microwave, and electric range (stainless steel appliance(s))
Overview
The property is located at 4521 Forest Avenue in Kansas City, MO 64110, in Jackson County. Public remarks note convenient access to Downtown, along with nearby proximity to the Plaza, UMKC, the KC Art Institute, and the Westport area.
For buyers, the layout supports either an owner-occupant plan or a rental strategy: purchase both condominiums as a rental investment, or live in one unit and rent the other. The listing also highlights a full property tax abatement through 2034, which may be an important factor for buyers evaluating total ownership costs.
Local Financial Insights For Multifamily LT 5
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 | $37.8k | $17.76 |
| − Vacancy | −$2.3k | −$1.10 |
| EGI | $35.4k | $16.66 |
| − OpEx | −$10.6k | −$5.00 |
| NOI | $24.8k | $11.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.571179
- Latitude
- 39.04442
