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Investment Highlights

  • 1980s
  • Fee Income Opportunity- Garages and Covered Parking
  • Majority 2BD with Separate Water Meters

Executive Summary

Three well-maintained 1980s assets, one compelling opportunity. This 124-unit portfolio sits at the heart of the Leavenworth/Lansing submarket — a Kansas City metro corridor anchored by Fort Leavenworth, the VA Medical Center, the U.S. Federal Penitentiary, the Lansing Correctional Facility, and a diversified government employment base that performs through cycles. This Submarket boasts a higher than average median household income of $83k+. Collectively 97%+ occupied with zero new supply in the pipeline, the portfolio offers structural occupancy protection from day one. With units in classic and renovated condition, a new owner inherits a cash flowing asset with options for continued growth. The regional momentum is equally compelling — the portfolio sits just minutes from the rapidly growing Legends corridor in Wyandotte County, where the Kansas City Chiefs are building a $3 billion domed stadium set to open for the 2031 NFL season, projected to generate over 20,000 jobs and $4.4 billion in economic impact for Kansas. Solid bones, strong occupancy, and a market on the rise — this portfolio checks every box. Management can stay on, making this a true turn-key cash flowing asset!
124 units across three properties Strong Occupancy
Day 1 Cash Flow
Desirable 1980s bones
Separate Water/Electric/Gas meters across most units Strong Demand Drivers
Zero New Supply
Majority two bedroom units

Data Room Click Here to Access

Property Facts

Price $11,800,000
Price / SF $121.35 / SF
Cap Rate 7.42%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 97,239 SF
Total Land Area 7.29 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
804 N Main St, Lansing, KS 66043 Multifamily 8,152 SF 1980 -
Riverfront
920 N 2nd St, Leavenworth, KS 66048
Multifamily 62,043 SF 1987 -
501 Vilas St, Leavenworth, KS 66048 Multifamily 27,044 SF 1985 -
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  • Listing ID: 40408186

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: Leavenworth/Lansing 124 Unit- KC MSA, Leavenworth, KS

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