5401 E 27th Terrace, Kansas City, MO 64128
MULTI_FAMILY - Kansas City, MO
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 5:06 am
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 1, Bathroom 2, 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 agent Ray Homes KC Team (913) 449-2555
Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, MO (816) 280-2773
Listing date Jun 12, 2026
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.
HighLights
- All‑brick 8‑unit apartment building built in 1960
- Unit mix: eight 1‑bedroom, 1‑bath units, each approx. 650 SF
- Currently operating as Section 8 housing
- Basement includes 2 additional units that have been framed and are ready for completion
- Updates include recently renovated interiors and well‑maintained common areas
- Services and systems: public water and public sewer; composition roof; baseboard heat; window A/C; off‑street parking
Overview
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.
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 | $108.6k | $20.88 |
| − Vacancy | −$7.1k | −$1.36 |
| EGI | $101.5k | $19.52 |
| − OpEx | −$45.7k | −$8.79 |
| NOI | $55.8k | $10.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.520005
- Latitude
- 39.075172
