Renovated 12-Unit Apartment
For Sale
Contact for pricing
4903-4911 Walnut Street, Kansas City, MO 64112
All residences offer two bedrooms, updated interiors, and private in-unit laundry equipment.
Property Size10,200 SF
Price / SF$220.59
Days on Market73
Property Features for 4903-4911 Walnut Street
General Information
Standard status
Active
Size
10,200 SF
Total Parking Spaces
10
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
12 x 2BR
Multifamily Units
12
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1964
Year Renovated
2026
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
The Tiehen Group, Inc.
Listed By:
Jack McGuire · License #00251236
Source:
Crexi
Added: Aug 5
Changed: Oct 2
Last Checked: Oct 15 at 12:05AM
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 The Tiehen Group, Inc.
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Investment Insights
Based on property information with market context.
Built in 1964, this 12-unit apartment community contains 10,200 square feet and has undergone a full renovation. Every residence is configured with two bedrooms and includes modern finishes along with an in-unit washer and dryer. The property’s apartment layout provides consistent unit specifications across the community.
The property is located at 4903-4911 Walnut Street in Kansas City’s South Plaza neighborhood. It is near the KC Streetcar extension and within minutes of the Country Club Plaza, UMKC, and the University of Kansas Health System.
The property is located at 4903-4911 Walnut Street in Kansas City’s South Plaza neighborhood. It is near the KC Streetcar extension and within minutes of the Country Club Plaza, UMKC, and the University of Kansas Health System.
Key Highlights
- 12‑unit apartment community with 10,200 square feet
- Fully renovated property built in 1964
- All units feature a two‑bedroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,523
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,190,460
$2.2M
Cap Rate 7%
$1,564,614
$1.6M
Cap Rate 9%
$1,216,922
$1.2M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$213.0K $20.88/SF
− Vacancy
−$13.8K −$1.36/SF
EGI
$199.1K $19.52/SF
− OpEx
−$89.6K −$8.79/SF
NOI
$109.5K $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%
$2,190,460
Cap Rate 7%
$1,564,614
Cap Rate 9%
$1,216,922
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.83M
NOI $109,523 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.83M
NOI $170,067 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 64112, MO
9,344
Population
6,047
Households
1.5
Avg Household Size
35
Median Age
79%
College-Educated
98%
High-School Grad
1.5 sq mi
ZIP Area
6,229
Density / Sq Mi
$98,452
Median Household Income
$60,289
Median Earnings
$1,425
Median Rent
$393,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences offer two bedrooms, updated interiors, and private in-unit laundry equipment.
Where is this apartment building located?
The property is located at 4903-4911 Walnut Street Kansas City, MO.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12‑unit apartment community with 10,200 square feet; Fully renovated property built in 1964; All units feature a two‑bedroom layout
