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8-Unit Apartment Building
For Sale
$465,000

5121 Thompson Avenue, Kansas City, MO 64124

Residential Income, Kansas City, MO

Property SizeContact for details
Lot Size0.09 Acres
Days on Market9

Property Features for 5121 Thompson Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-2.5
Bathrooms 1
Full bathrooms 1
Rooms Basement, Bathroom 1
Parking features On Street
Interior features Individual Storage
Subdivision Dundee Park
Elementary school district Kansas City Mo
Middle school district Kansas City Mo
High school district Kansas City Mo
Directions Head east on Independence Ave. Turn left on Quincy Ave. At the stop sign, turn right. The destination is on your right.
Standard status Active
APN 13-840-23-01-00-0-00-000
Lot size 0.09 Acres

Taxes and HOA fees

Tax Description Lot 1, Block 4, Dundee Park
Tax Annual Amount 4712
Legal Description Lot 1, Block 4, Dundee Park

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1923
Floors in Building 2
Number of units 8
Building materials Concrete, Stucco
Roof type Composition
Additional Structures Storage
Listing Agency: KW KANSAS CITY METRO · Keller Williams Realty
Listed By: We Heart Homes Team
Added: Oct 6 Last Checked: Oct 14 at 7:06PM
MLS# 2645865

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.

Investment Insights

Based on property information with market context.

This 1923 apartment property contains eight units: six with one bedroom and one bathroom, plus two with two bedrooms and one bathroom. Seven units are occupied. Most apartments have replacement appliances and PTAC climate-control systems; individual storage is also provided. Completed work includes foundation repair, termite treatment, updated flooring, new windows, and a poured concrete patio. The building has concrete and stucco construction, natural gas heating, window-unit cooling, and public water and sewer service.

The property occupies 0.0854 acres and is zoned R-2.5. Parking is on street.

Key Highlights

  • Eight apartments: six 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
  • Seven of the eight units are occupied
  • Most units have replaced appliances and PTAC climate‑control systems

Property Analytics

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Current Use

Flooring Austin's Flooring General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Spa & Massage Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
87.5%
Occupancy

Location Intelligence

Trade Area within ½ mile

571
Businesses Nearby

Demographics for 64124, MO

12,754
Population
4,914
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
71%
High-School Grad
1.7 sq mi
ZIP Area
7,502
Density / Sq Mi
$46,384
Median Household Income
$32,080
Median Earnings
$954
Median Rent
$109,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recent building work includes foundation repairs, replacement windows, and a poured concrete patio.
Where is this apartment building located?
The property is located at 5121 Thompson Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Eight apartments: six 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Seven of the eight units are occupied; Most units have replaced appliances and PTAC climate‑control systems
More about this property
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