Restored South Hyde Park
901 E 39TH ST, Kansas City, MO 64109
Meticulously restored duplex in historic South Hyde Park neighborhood.
Type:Multifamily
Property size:
2,600 SFPrice / SF:
$228/SF- Added:
- May 14, 2026
- Days on Market:
- 19
- Last Refresh:
- May 16 at 8:45 pm
Property Features for 901 E 39TH ST
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agent Parker Beck License #MO 000004727
Listing office Compass
Listing date May 14, 2026
Source Crexi
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 Compass
HighLights
- Fully renovated in 2021 to Class A standards, featuring high‑end finishes and modern amenities.
- Located in the highly desirable historic South Hyde Park neighborhood.
- Currently operating as a stabilized, furnished short‑term rental property with strong rental income.
- Two spacious, fully renovated 2‑bedroom units, each approximately 1,300 square feet, with private outdoor spaces.
- Significant infrastructure upgrades including new electrical, plumbing, and sewer systems.
- Five off‑street parking spaces included.
Overview
Located in the historic South Hyde Park neighborhood of Kansas City, Missouri, the property is a meticulously restored, two-story brick complex constructed in 1920. The complex features two fully renovated 2-bedroom units, each with an approximate footprint of 1,300 square feet. Each unit includes private patios or balconies with neighborhood views. There are five off-street parking spaces. The property was fully stabilized in 2021 after an extensive to-the-studs rehabilitation project and now operates as a furnished short-term rental property. Average rents are $2,500 per month. The property is owner-operated and leased through Airbnb & Furnished Finder to traveling nurse and electrician programs. Each unit has been upgraded to Class A standards, featuring stainless steel appliances, quartz countertops, new windows, in-unit washers and dryers, fully updated bathrooms and kitchens, new fixtures, new paint, and refinished flooring. Infrastructure improvements include new electrical and plumbing service, as well as a new sewer. Modern amenities include central air conditioning, individual hot water heaters, and separate utility metering for gas, electric, and water. The building's exterior has been refreshed with newer paint. The neighboring duplex, also under the same ownership, is available for purchase.
Local Financial Insights For Multifamily LT 5
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 | $46.2k | $17.76 |
| − Vacancy | −$2.8k | −$1.10 |
| EGI | $43.3k | $16.66 |
| − OpEx | −$13.0k | −$5.00 |
| NOI | $30.3k | $11.66 |
2,600 SF · lease $17.76/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.3K
$379.1K – $505.5K
NOI $30,329 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$619.3K
$541.9K – $722.5K
NOI $43,351 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.5742314
- Latitude
- 39.0559714
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Meticulously restored duplex in historic South Hyde Park neighborhood.
Where is this duplex located?
The property is located at 901 E 39TH ST Kansas City, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Fully renovated in 2021 to Class A standards, featuring high‑end finishes and modern amenities.; Located in the highly desirable historic South Hyde Park neighborhood.; Currently operating as a stabilized, furnished short‑term rental property with strong rental income.
