40th Street 1109 W 40th St 6 Unit Apartment Building $460,000 ($76,667/Unit) Kansas City, MO 64111

1109 W. 40th is a stately three-story, six-unit apartment building located in the historic Volker neighborhood of Midtown Kansas City, Missouri, just blocks from the University of Kansas Medical Center (KUMC). Built in 1922, the property combines timeless architectural character with an exceptional infill location, offering residents walkable access to the 39th Street District and Westport commercial corridors as well as direct connectivity to the KC Streetcar Extension, with multiple stops within walking distance of the property. The building features a classic brick-and-board exterior with new roof, updated electrical service and offers five off-street parking spaces at the rear — a valuable amenity in this dense, walkable submarket. All six units are one-bedroom, one-bathroom floor plans averaging approximately 700 square feet, with current average rents of $763. Units are individually metered for gas and electric, with a shared water/hot water system, and the building is Google Fiber-equipped. Interiors reflect the quality of the era, including hardwood floors, sunrooms, spacious closets, gas stoves, clawfoot tubs, front and rear entries, and decks in select units.
1109 W. 40th presents an attractive value-add opportunity in stable, classic condition, with clear upside through the addition of central air and in-unit washer/dryers, along with kitchen, bathroom, and window updates. The property is 3rd party managed and fully occupied but does not currently generate positive cash flow. The property carries a Walk Score® of 88, placing it among the most walkable locations in Kansas City. Within a 15-minute walk, residents can access the upscale shopping and dining of the Country Club Plaza, the cultural institutions of the Nelson-Atkins Museum of Art and the Kemper Museum of Contemporary Art, and the nightlife of Old Westport. The location also appeals to a broad renter base: healthcare professionals/students commuting to KUMC, and students and creatives near the Kansas City Art Institute. The newly completed KC Streetcar extension further enhances connectivity, with a stop at 39th and Main providing direct transit access to the Plaza, UMKC, Midtown, Downtown, and the Riverfront.