$775,000

Estimated payment $4,405/month

Total Views 8,792
-- Bed
6 Baths
4,833 Sq Ft
$160 Price per Sq Ft

About This Home

Introducing 38th Street Apartments, a six-unit apartment in the heart of the vibrant and centrally located Valentine neighborhood of Kansas City, Missouri. Each spacious one-bedroom, one-bathroom unit features original hardwood floors, central heating and air, and ample natural light. Two of the units have a luxury finish while the other four are made-ready but would command higher rents with a few strategic updates.

The building has new windows, new plumbing, new electrical, and central heat and air. The roof about seven years old and in good shape.

Electric and gas sub-metered while water is on one meter and offset with a utility fee to tenants. The units have a perfect layout to convert the front living room to a bedroom and add a side-by-side laundry. Offering both tenant appeal and strong investment potential in one of Kansas City’s most desirable neighborhoods, 38th Street Apartments is a rare opportunity to own a piece of the city’s thriving growth. Don’t miss out on this special opportunity!

Listing Agent

Lee Ripma

Lutz Sales + Investments Brokerage Phone: 816-866-8322 License #2021021630 Listed on: 06/19/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,287

Year Built

  • Built in 1923

Lot Details

  • 2,252 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 6 Bathrooms
  • 4,833 Sq Ft Home
  • 3-Story Property
  • Laundry in Basement

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 30-310-21-12-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Roanoke Subdivision

Building Details

  • Gross Income $72,360

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,287

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1923
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Lee Ripma
  • Listing Service: Full Service
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Active
  • Operating Expense: 2287
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Tax Total Amount: 2287
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 816-866-8322
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Laundry Features: In Basement
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Senior Community: No
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Security 1st Title

Schools

  • Junior High Dist: Kansas City Mo

Lot Info

  • Zoning: APT 6
  • Building Area Total: 4833
  • Lot Size Area: 2252
  • Lot Size Sq Ft: 2252
  • Parcel Number: 30-310-21-12-00-0-00-000
  • Subdivision Name: Roanoke
  • In Flood Plain: No

Building Info

  • Number of Units Total: 6

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 72360
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2287
  • Tax Abatement YN: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $775,000 -- $160 / Sq Ft
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2556346

Heartland MLS