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10907 E 87th St 11 Unit Apartment Building $1,600,000 ($145,455/Unit) Raytown, MO 64138
Investment Highlights
- 14.26-Acre Multifamily Campus | 11 Units | 7 Buildings
- Certificate of Non-Conforming Use Protecting Existing Multifamily Use
- $1.8M Invested | Approximately 85% Complete
- Flexible Campus for Multifamily, Owner-Occupant, Nonprofit, Therapy, & Faith-Based Uses
Executive Summary
10907 E. 87th Street presents a rare opportunity to acquire a 14.26-acre, campus-style property in Kansas City, Missouri. The property features seven existing buildings and 11 residential units situated among mature trees, rolling topography and expansive open land.
A Certificate of Non-Conforming Use protects the property’s existing multifamily operations, providing a valuable legal foundation for continued residential use. Current ownership has invested approximately $1.8 million in renovations, construction, infrastructure and site improvements, bringing the project to approximately 85% completion. A new owner can complete the remaining improvements, secure the necessary certificates of occupancy and stabilize the property.
The property offers flexibility for several potential strategies, including market-rate rentals, employee housing, transitional housing, nonprofit programming, therapies or a faith-based campus. Existing structures occupy only a portion of the site, leaving significant acreage for future development or long-term land appreciation.
Located in East Kansas City, the property provides convenient access to I-435, I-70, US-40 and MO-350, connecting it to Downtown Kansas City, Independence, Blue Springs and Lee’s Summit. This offering combines protected residential use, substantial completed improvements and long-term redevelopment potential within one unique
metropolitan property.
Investment Highlights
Rare 14.26-acre, campus-style investment opportunity in Kansas City, Missouri
Seven existing buildings comprising 11 residential units across 614,888 square feet of land
Certificate of Non-Conforming Use protects the property’s existing multifamily operations
Approximately $1.8 million invested in renovations, construction, infrastructure and site improvements
Project is approximately 85% complete, allowing a buyer to finish the remaining work and stabilize operations
Multiple potential strategies, including market-rate rentals, staff housing, transitional housing, nonprofit use or a faith-based campus
Significant remaining acreage provides long-term redevelopment and land-appreciation potential
Private, park-like setting featuring mature trees, rolling topography and a dispersed building layout
Convenient access to I-435, I-70, US-40 and MO-350
Positioned near healthcare facilities, schools, neighborhood retail and community services
A Certificate of Non-Conforming Use protects the property’s existing multifamily operations, providing a valuable legal foundation for continued residential use. Current ownership has invested approximately $1.8 million in renovations, construction, infrastructure and site improvements, bringing the project to approximately 85% completion. A new owner can complete the remaining improvements, secure the necessary certificates of occupancy and stabilize the property.
The property offers flexibility for several potential strategies, including market-rate rentals, employee housing, transitional housing, nonprofit programming, therapies or a faith-based campus. Existing structures occupy only a portion of the site, leaving significant acreage for future development or long-term land appreciation.
Located in East Kansas City, the property provides convenient access to I-435, I-70, US-40 and MO-350, connecting it to Downtown Kansas City, Independence, Blue Springs and Lee’s Summit. This offering combines protected residential use, substantial completed improvements and long-term redevelopment potential within one unique
metropolitan property.
Investment Highlights
Rare 14.26-acre, campus-style investment opportunity in Kansas City, Missouri
Seven existing buildings comprising 11 residential units across 614,888 square feet of land
Certificate of Non-Conforming Use protects the property’s existing multifamily operations
Approximately $1.8 million invested in renovations, construction, infrastructure and site improvements
Project is approximately 85% complete, allowing a buyer to finish the remaining work and stabilize operations
Multiple potential strategies, including market-rate rentals, staff housing, transitional housing, nonprofit use or a faith-based campus
Significant remaining acreage provides long-term redevelopment and land-appreciation potential
Private, park-like setting featuring mature trees, rolling topography and a dispersed building layout
Convenient access to I-435, I-70, US-40 and MO-350
Positioned near healthcare facilities, schools, neighborhood retail and community services
Property Facts
| Price | $1,600,000 | Building Class | B |
| Price Per Unit | $145,455 | Lot Size | 14.26 AC |
| Sale Type | Investment | Building Size | 8,439 SF |
| No. Units | 11 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2026 |
| Apartment Style | Garden | ||
| Zoning | R-80 - Residential | ||
| Price | $1,600,000 |
| Price Per Unit | $145,455 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 14.26 AC |
| Building Size | 8,439 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2026 |
| Zoning | R-80 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 50-140-02-02-00-0-00-000 | Improvements Assessment | $57,870 |
| Land Assessment | $34,850 | Total Assessment | $92,720 |
Property Taxes
Parcel Number
50-140-02-02-00-0-00-000
Land Assessment
$34,850
Improvements Assessment
$57,870
Total Assessment
$92,720
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