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Lawndale Portfolio 3 Multifamily Properties Offered at $1,990,000 in Kansas City, MO
INVESTMENT HIGHLIGHTS
- Stable, Largely Voucher Tenant Base
- On Bus Line and Walkable to Local Businesses
- In-place Property Management Specializes in Voucher Tenant Management
- Great St John Ave Corridor Location in The Historic Northeast
- High Income Per Square Foot
EXECUTIVE SUMMARY
Welcome to the Lawndale Apartments, a 51-unit multifamily opportunity in Kansas City’s Historic Northeast. This three-building brick property features a balanced mix of 32 one-bedrooms, 13 studios, and 6 compact basement studios. The tenant base is primarily voucher-supported, ensuring consistent monthly income. With classic architectural details, large windows, and solid construction, the asset offers immediate cash flow and clear value-add potential through interior upgrades.
Current rents are strong, with spacious one-bedrooms appealing to long-term tenants and studio units—especially the basement layouts—providing affordable options in a tight rental market. Investors can renovate units as they turn to capture additional upside while maintaining high occupancy. Operational improvements offer further room for growth.
With scale, a desirable unit mix, and an attractive price-per-door, Lawndale is a rare acquisition in a submarket seeing steady revitalization. Surrounded by local investment and just minutes from downtown, this is a classic Kansas City asset positioned for both stability and long-term appreciation potential.
Current rents are strong, with spacious one-bedrooms appealing to long-term tenants and studio units—especially the basement layouts—providing affordable options in a tight rental market. Investors can renovate units as they turn to capture additional upside while maintaining high occupancy. Operational improvements offer further room for growth.
With scale, a desirable unit mix, and an attractive price-per-door, Lawndale is a rare acquisition in a submarket seeing steady revitalization. Surrounded by local investment and just minutes from downtown, this is a classic Kansas City asset positioned for both stability and long-term appreciation potential.
PROPERTY FACTS
| Price | $1,990,000 | Number of Properties | 3 |
| Price / SF | $59.86 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 33,243 SF |
| Status | Active | Total Land Area | 0.91 AC |
| Price | $1,990,000 |
| Price / SF | $59.86 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 33,243 SF |
| Total Land Area | 0.91 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5701 St John Ave, Kansas City, MO 64123 | Multifamily | 15,000 SF | 1915 | - |
| 5609-5623 Saint John Ave, Kansas City, MO 64123 | Multifamily | 13,355 SF | 1910 | - |
| 5705-5707 St John Ave, Kansas City, MO 64123 | Multifamily | 4,888 SF | 1910 | - |
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