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    Restored Multifamily in South Hyde Park Title is generated by Realmo AI

    901 E 39th Street, Kansas City, MO 64109

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    Claim this Listing
    For Sale
    $595,000

    MULTI_FAMILY - Kansas City, MO

    Property size:
    2,600 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $228/SF
    Added:
    May 11, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 26 at 8:06 am

    Property Features for 901 E 39th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-5
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Parking features
    Off Street
    Standard status
    Active
    APN
    30-240-02-03-00-0-00-000
    Size
    2,600 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    TROOST HIGHLANDS RESURVEY OF BLK 1 --- W 72.85' LOT 47 & W 7 2.85' OF LOT 48 LY S OF 39TH ST
    Tax Annual Amount
    5185

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick/Mortar
    Roof type
    Synthetic

    We can help!

    Contact an agent
    Parker Beck

    Listing agent Parker Beck License #SP00238832

    Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, MO

    Listing date May 11, 2026

    MLS# 2619390 Listing URL

    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

    • Two fully renovated 2‑bedroom units in a 1920 two‑story brick complex (Class A upgrades).
    • Completed to‑the‑studs rehabilitation in 2021 with new windows, updated bathrooms and kitchens, and refinished flooring.
    • Each unit includes stainless steel appliances, quartz countertops, and in‑unit washer/dryer.
    • Central air, individual hot water heaters, and separate utility metering for gas, electric, and water.
    • New electrical and plumbing service plus a new sewer installed as part of the 2021 rehabilitation.
    • Off‑street parking included (5 spaces) and furnished short‑term rental operation via Airbnb & Furnished Finder.

    Overview

    Located in the historic South Hyde Park neighborhood of Kansas City, Missouri, the property at 901 E. 39th Street is a restored, two-story brick complex constructed in 1920. The building includes two renovated 2-bedroom units, each with approximately 1,300 square feet. Each unit features private patios or balconies with neighborhood views. There are five off-street parking spaces. Following a rehabilitation project completed in 2021, the property operates as a furnished short-term rental property. Each unit has stainless steel appliances, quartz countertops, new windows, in-unit washers and dryers, updated bathrooms and kitchens, new fixtures and paint, and refinished flooring. Infrastructure improvements include new electrical and plumbing service and 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 property is zoned R-5 and currently leased through Airbnb & Furnished Finder to traveling nurse and electrician programs.

    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 (±1% cap)
    NOI $30,329 @ 7.0% cap · market cap 5.10%
    Second Best
    Apartment 5plus
    $398.8K
    $349.0K – $465.3K (±1% cap)
    NOI $27,918 @ 7.0% cap · market cap 4.69%
    Theoretical Best
    Office A
    $619.3K
    $541.9K – $722.5K (±1% cap)
    NOI $43,351 @ 7.0% cap · market cap 7.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.574231
    Latitude
    39.055971

    FAQs

    What type of property is this?
    Short term rental property - Meticulously restored two-story complex in historic South Hyde Park.
    Where is this short term rental property located?
    The property is located at 901 E 39th Street 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: Two fully renovated 2‑bedroom units in a 1920 two‑story brick complex (Class A upgrades).; Completed to‑the‑studs rehabilitation in 2021 with new windows, updated bathrooms and kitchens, and refinished flooring.; Each unit includes stainless steel appliances, quartz countertops, and in‑unit washer/dryer.
    More about this property
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