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306 Main St 5 Unit Apartment Building $526,000 ($105,200/Unit) 5.83% Cap Rate Parkville, MO 64152
Investment Highlights
- Location in the heart of charming downtown Parkville.
- Investment rental income opportunity.
- Walkability to coffee, dining, fitness, university, shopping, trails, parks.
Executive Summary
**NOTE: Photos are from renovation performed in 2022. Used to show space and finishes. All units are currently leased and occupied.***
Rare Parkville, Missouri multifamily investment opportunity just steps from Historic Downtown Parkville and Park University. This fully leased 5-unit rental property offers strong income potential in one of the most desirable rental markets in the Kansas City Northland.
Renovated in 2022, the property features five units with a central entrance, including three 1-bedroom/1-bath apartments, one 2-bedroom/1-bath unit, and one loft with half bath. Major improvements completed during the renovation include a newer roof, updated windows, electrical panels, modern kitchens, updated bathrooms, refinished flooring, and upgraded fixtures and finishes. Three units also include updated HVAC systems, enhancing efficiency and tenant comfort.
Located in the heart of Downtown Parkville, tenants enjoy walkable access to Park University, the Missouri Riverfront, local coffee shops, restaurants, boutiques, parks, trails, and the Parkville dog park. The property also offers convenient access to Downtown Kansas City (KCMO), Kansas City, Kansas (KCK), The Legends shopping and entertainment district, Kansas City International Airport (KCI), and North Kansas City (NKC).
With current leases in place and flexibility for future renewals, this property provides an excellent opportunity for investors seeking cash-flowing multifamily real estate in Parkville, MO near Park University.
Property is 100% occupied. Contact listing agent for additional information.
Rare Parkville, Missouri multifamily investment opportunity just steps from Historic Downtown Parkville and Park University. This fully leased 5-unit rental property offers strong income potential in one of the most desirable rental markets in the Kansas City Northland.
Renovated in 2022, the property features five units with a central entrance, including three 1-bedroom/1-bath apartments, one 2-bedroom/1-bath unit, and one loft with half bath. Major improvements completed during the renovation include a newer roof, updated windows, electrical panels, modern kitchens, updated bathrooms, refinished flooring, and upgraded fixtures and finishes. Three units also include updated HVAC systems, enhancing efficiency and tenant comfort.
Located in the heart of Downtown Parkville, tenants enjoy walkable access to Park University, the Missouri Riverfront, local coffee shops, restaurants, boutiques, parks, trails, and the Parkville dog park. The property also offers convenient access to Downtown Kansas City (KCMO), Kansas City, Kansas (KCK), The Legends shopping and entertainment district, Kansas City International Airport (KCI), and North Kansas City (NKC).
With current leases in place and flexibility for future renewals, this property provides an excellent opportunity for investors seeking cash-flowing multifamily real estate in Parkville, MO near Park University.
Property is 100% occupied. Contact listing agent for additional information.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $526,000 | Apartment Style | Low-Rise |
| Price Per Unit | $105,200 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.83% | Building Size | 3,274 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2022 |
| Property Subtype | Apartment | ||
| Zoning | Comm - R4 | ||
| Price | $526,000 |
| Price Per Unit | $105,200 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| Gross Rent Multiplier | 11 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,274 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2022 |
| Zoning | Comm - R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $500.00 | - |
| 1+1 | 3 | $850.00 | - |
| 2+1 | 1 | $900.00 | - |
1 1
Property Taxes
| Parcel Number | 20-70-35-100-032-001-000 | Total Assessment | $39,860 |
| Land Assessment | $6,186 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $33,674 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
20-70-35-100-032-001-000
Land Assessment
$6,186
Improvements Assessment
$33,674
Total Assessment
$39,860
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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306 Main St
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