All-Brick 8-Unit Apartment
5401 E 27th Terrace Kansas City, MO 64128
For Sale
$825,000
MULTI_FAMILY - Kansas City, MO
Property Size5,200 SF
Lot Size0.20 Acres
Price / SF$158.65
Days on Market49
Property Features for 5401 E 27th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-1.5
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Off Street
Interior features
Apply To All Units
Standard status
Active
APN
28-810-10-13-00-0-00-000
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
GREENDALE LOTS 58 & 59
Tax Annual Amount
113000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
10
Building materials
Brick/Mortar
Roof type
Composition
Listing Agency:
Compass Realty Group
(816) 280-2773
Listed By:
Ray Homes KC Team
(913) 449-2555
Added: Jun 12
Changed: Jul 11
Last Checked: Jul 30 at 5:06AM
MLS# 2625728
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 recently renovated, all-brick apartment building contains eight 1-bedroom, 1-bathroom units. The interiors have been updated, and the common areas are described as well-maintained. The property is currently operating as Section 8 housing. In addition to the existing units, there are two additional basement units that have been framed and are ready for completion.
The building sits on a 0.2-acre lot and is zoned R-1.5. The listing notes convenient access to transportation.
For buyers or investors seeking a turnkey multifamily asset, the property’s updated interiors and maintained common areas support immediate occupancy with its current Section 8 operation. The framed basement units offer a clear path to add two more apartments through completion, expanding the building beyond its current eight-unit configuration. The solid brick construction and recent renovations are positioned as key durability factors for long-term ownership.
The building sits on a 0.2-acre lot and is zoned R-1.5. The listing notes convenient access to transportation.
For buyers or investors seeking a turnkey multifamily asset, the property’s updated interiors and maintained common areas support immediate occupancy with its current Section 8 operation. The framed basement units offer a clear path to add two more apartments through completion, expanding the building beyond its current eight-unit configuration. The solid brick construction and recent renovations are positioned as key durability factors for long-term ownership.
Key Highlights
- Recently renovated all‑brick 8‑unit apartment building (built 1960) with public water and public sewer
- Unit mix: eight 1‑bedroom, 1‑bathroom units, each approximately 650 SF
- Basement includes two additional units already framed and ready for completion for possible added rental income
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 | $108.6k | $20.88 |
| − Vacancy | −$7.1k | −$1.36 |
| EGI | $101.5k | $19.52 |
| − OpEx | −$45.7k | −$8.79 |
| NOI | $55.8k | $10.74 |
5,200 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$797.6K
$697.9K – $930.6K
NOI $55,835 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,701 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated brick 8-unit building with framed basement expansion units and existing Section 8 operation.
Where is this apartment building located?
The property is located at 5401 E 27th Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Recently renovated all‑brick 8‑unit apartment building (built 1960) with public water and public sewer; Unit mix: eight 1‑bedroom, 1‑bathroom units, each approximately 650 SF; Basement includes two additional units already framed and ready for completion for possible added rental income
