50-Unit Apartment
For Sale
Contact for pricing
4880 Queen Ridge Avenue, Kansas City, MO 64136
Duplex-style residences offer garages, in-unit laundry hookups, individually metered utilities, and central heating and cooling.
Property Size64,236 SF
Price / SF$155.68
Days on Market60
Property Features for 4880 Queen Ridge Avenue
General Information
Standard status
Active
Size
64,236 SF
Class
B
Property subtype
Multifamily
Zoning
R-1.5
Occupancy
96%
Investment Type
Stabilized
Net Operating Income
$594,577
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
50
Parking per Unit
2
Additional Details
Average Monthly Rent
$1,545
Building Details
Year Built
2008
Buildings
25
Units
50
Listing Agency:
Peak Real Estate Partners
Listed By:
Jay Ruf · License #00252051
(913) 284-8467
Source:
Crexi
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 19 at 3:45AM
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
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Investment Insights
Based on property information with market context.
This 50-unit apartment property comprises 25 duplex-style buildings constructed in 2008. Floor plans include 2 bed/1.5 bath, 2 bed/1 bath, and 3 bed/2 bath layouts, with most units configured as 3 bed/2 bath. Units average 1,285 SF and include washer/dryer hookups, central heating and cooling, and a two-car garage. Utilities are individually metered and paid directly by residents. The property is zoned R-1.5 and has maintained occupancy at or above 96%.
The townhomes are located along East 50th Terrace, Queen Ridge Avenue, and Breckenridge Avenue in Kansas City, Missouri 64136. The property is within the Independence submarket of the Kansas City metro, with access to I-70 and I-470 and proximity to the Truman Sports Complex. Individual duplex buildings are separately parceled, creating a distinct ownership configuration across the community.
The townhomes are located along East 50th Terrace, Queen Ridge Avenue, and Breckenridge Avenue in Kansas City, Missouri 64136. The property is within the Independence submarket of the Kansas City metro, with access to I-70 and I-470 and proximity to the Truman Sports Complex. Individual duplex buildings are separately parceled, creating a distinct ownership configuration across the community.
Key Highlights
- 50 units across 25 duplex‑style buildings
- Floor plans include 2 bed/1.5 bath, 2 bed/1 bath, and 3 bed/2 bath options
- Units average 1,285 SF and include a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$689,737
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,794,740
$13.8M
Cap Rate 7%
$9,853,386
$9.9M
Cap Rate 9%
$7,663,744
$7.7M
Market Conditions
NOI Build-Up for 64,236 SF
Gross rent
$1.34M $20.88/SF
− Vacancy
−$87.2K −$1.36/SF
EGI
$1.25M $19.52/SF
− OpEx
−$564.3K −$8.79/SF
NOI
$689.7K $10.74/SF
Area
Kansas City, MO
Vacancy
6.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,794,740
Cap Rate 7%
$9,853,386
Cap Rate 9%
$7,663,744
Alternative Uses
Best Use
Apartment 5plus
$9.85M
$8.62M – $11.50M
NOI $689,737 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.30M
$13.39M – $17.85M
NOI $1,071,025 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
50
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 64136, MO
2,164
Population
804
Households
2.7
Avg Household Size
39
Median Age
33%
College-Educated
97%
High-School Grad
4.3 sq mi
ZIP Area
503
Density / Sq Mi
$55,789
Median Household Income
$55,504
Median Earnings
$1,071
Median Rent
$178,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Duplex-style residences offer garages, in-unit laundry hookups, individually metered utilities, and central heating and cooling.
Where is this apartment building located?
The property is located at 4880 Queen Ridge Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 50 units across 25 duplex‑style buildings; Floor plans include 2 bed/1.5 bath, 2 bed/1 bath, and 3 bed/2 bath options; Units average 1,285 SF and include a two‑car garage
