5121 Thompson Avenue, Kansas City, MO 64124

Kansas City
Local realty services provided by:Better Homes and Gardens Real Estate Kansas City Homes
5121 Thompson Avenue,Kansas City, MO 64124
$465,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: we heart homes team, emmie dearing
Office: kw kansas city metro
MLS#:2645865
Source:MOKS_HL

Price summary

  • Price:$465,000

About this home

An exceptional opportunity awaits the discerning investor looking to secure a high-performing asset that meets the highly coveted 1% rule. Situated in a prime downtown location, this 8-unit multifamily complex offers an immediate revenue stream alongside substantial value-add potential. The property comprises six 1 bed, 1 bath units, and two 2 bed, 1 bath units currently yielding $5,548 per month in rental income with a 7/8 occupancy rate. Significant capital expenditures have already been completed, including a foundation repair, comprehensive termite treatment, new windows, updated flooring, and a newly poured concrete patio. Additionally, the majority of the units feature recently replaced appliances and PTAC climate control systems. A detailed spreadsheet is provided for all maintenance and upgrades on each unit. Additionally, an inspection report is available from the last year. Backed by a recent $600,000 appraisal, this turnkey asset is primed for immediate acquisition.

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Home facts

  • Year built:1923
  • Subdivision & Development:Dundee Park
  • Listing ID #:2645865
  • Added:1 day(s) ago
  • Updated:October 07, 2026 at 02:34 PM

Rooms and interior

  • Basement:Yes

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1923
  • Lot area:0.09 Acres
  • Construction Materials:Concrete, Stucco

Utilities

  • Water:City/Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$465,000

Parking

  • Parking description:On Street, Other
MLS LogoHeartlandMLS©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the HeartlandMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data <Last Updated October 7, 2026

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