Turnkey Four-Unit Multifamily
5106 Thompson Ave Kansas City, MO 64124
5106 Thompson Ave, Kansas City, MO, 64124
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For Sale
Contact for pricing
Four well-maintained rental units with off-street parking and updated mechanical systems.
Property Size3,402 SF
Price / SF$123.46
Days on Market250
Property Features for 5106 Thompson Ave
General Information
- Standard status
- Active
- Size
- 3,402 SF
- Property subtype
- Multifamily
Listing agency
Realty ONE Group Encompass
Listed by
Steve Fennell jr. · License #7698227
Source
Crexi
Added: Nov 14, 2025 Updated: Jul 21 at 5:54PM Checked: Jul 21 at 5:54PM
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 Realty ONE Group Encompass
Investment Insights
Based on property information with market context.
This turnkey four-unit multifamily property offers four rental units designed for efficient long-term occupancy. The exterior is described as low-maintenance and the mechanical systems are noted as updated. The building includes off-street parking for residents.
Located at 5106 Thompson Ave in Kansas City, Missouri, the property is positioned for convenient access to neighborhood amenities. The public remarks also indicate proximity to major transit routes, Downtown Kansas City, and the Independence Avenue corridor.
For sale as a four-plex, the asset is presented as a stabilized income-producing opportunity with an on-site configuration of four separate units.
Located at 5106 Thompson Ave in Kansas City, Missouri, the property is positioned for convenient access to neighborhood amenities. The public remarks also indicate proximity to major transit routes, Downtown Kansas City, and the Independence Avenue corridor.
For sale as a four-plex, the asset is presented as a stabilized income-producing opportunity with an on-site configuration of four separate units.
Key Highlights
- Four‑unit multifamily (4‑plex) at 5106 Thompson Ave, Kansas City, MO 64124
- Four spacious rental units with efficient layouts
- Stable occupancy with potential to raise rents to market levels
Local 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 | $71.0k | $20.88 |
| − Vacancy | −$4.6k | −$1.36 |
| EGI | $66.4k | $19.52 |
| − OpEx | −$29.9k | −$8.79 |
| NOI | $36.5k | $10.74 |
3,402 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.9K
$496.1K – $661.4K
NOI $39,684 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$521.8K
$456.6K – $608.8K
NOI $36,529 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$810.3K
$709.0K – $945.4K
NOI $56,722 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four well-maintained rental units with off-street parking and updated mechanical systems.
Where is this quadplex located?
The property is located at 5106 Thompson Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four‑unit multifamily (4‑plex) at 5106 Thompson Ave, Kansas City, MO 64124; Four spacious rental units with efficient layouts; Stable occupancy with potential to raise rents to market levels
