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May Market Update: It’s a Buyer’s Market in Midtown KC

With interest rates stabilizing and motivated sellers ready to deal, now is the time to buy. We’re seeing more flexibility on pricing and terms—and we have several great investment opportunities in Midtown Kansas City, both on and off market. Below are a few standout deals we’re highlighting this month. Let us know if you'd like details on others before they hit the market.  

Immanuel Manor Apartments

4200 Tracy Ave

Kansas City, MO 64110



Property Details

  • Sale Price:$3,500,000
  • Number of Units: 47
  • Value Add

IMMANUEL MANOR – South Hyde Park | 47 Units | $75K/Unit


Immanuel Manor is a rare chance to grab 47 units in Midtown Kansas City at a steep discount to comps—priced under $75K/unit vs. area sales at $85K–$110K. Whether you continue the 55+ voucher model or convert to market rate, the upside is immediate.


Why it Stands Out:

• Multiple Value-Add Paths – Flex between vouchers and market-rate with no restrictions

• Operational Upside – Boost NOI through improved management and monetizing off-street parking

• Prime Location – Walkable South Hyde Park, near the KC Streetcar extension and major employers


Turnkey Midtown KC Asset with Bonus Unit & Light Value-Add Potential

Address not disclosed

Kansas City, MO 64110


Property Details

  • Sale Price:$2,100,000
  • Number of Units: 18
  • Stabilized

MIDTOWN TURNKEY – Kansas City, MO | 18 Units | Off-Market


This off-market 18-unit opportunity in Midtown Kansas City offers immediate cash flow and low-maintenance operations. With major capex completed—including new roof, parking lot, and updated mechanicals—investors can focus on capturing rent growth and optimizing expenses.


Why it Stands Out:

• Heavy Lifting Done – Roof, water heaters, parking, and electrical all recently upgraded

• In-Place RUBS – Utility bill-backs implemented, with further rent upside available

• High-Demand Location – Steps from KU Med, Westport, and the Plaza


Summit 37 Apartments

3708-3710 Southwest Traffic-way

Kansas City, MO 64111


Property Details

  • Sale Price: $1,100,000
  • Number of Units: 12
  • Value Add

SUMMIT 37 – Midtown Kansas City | 12 Units | $91K/Unit


Summit 37 is a true value-add play in the heart of Midtown. This 12-unit property needs a fresh vision—but the upside is undeniable. With below-market rents, partial RUBS, and one bonus unit ready for conversion, there's room to push income and create long-term value.


Why it Stands Out:

• Heavy Lift = Big Upside – Classic units averaging $656/month with market comps near $950

• Infrastructure Handled – Major CapEx complete: roof, electric, parking, boiler

• High-Demand Location – Walkable to KU Med, Westport, and the Plaza

Bring this asset back to life and reap the rewards.


 
 
 

David Belpedio

Investment Sales Broker

O: 816-621-2130

C: 913-269-4945

1 E. Armour Blvd. Suite 100

Kansas City, MO 64111


Quinn Hahs

Investment Sales Broker

O: 816-621-2130

C: 913-481-5727

1 E. Armour Blvd. Suite 100

Kansas City, MO 64111


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