3113-3123 Thompson AVE Save Request In-Person Tour Request Virtual Tour
Kansas City,MO 64124
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Smart'S D O Add
MLS Listing ID 2568053
Year Built 1929
Annual Tax Amount $19,739
Lot Size 8,078 Sqft
Property Sub-Type Apartment
Property Description
3113–3123 Thompson Ave, an 18-unit multifamily portfolio consisting of three contiguous, side-by-side buildings in Kansas City's Historic Northeast. This classic 1920s asset features updated systems, efficient operations, and the opportunity to increase financial returns through lease-up and value-add strategies.
One 6-unit building has been fully renovated down to the studs and will be delivered vacant, ready for market-rate tenants. The remaining occupied buildings have received consistent upgrades over time, with freshened common areas completed in summer 2025. The property is all-electric, with updated plumbing throughout, including a new sewer line installed in 2023, and features low-maintenance electric baseboard heat and window A/C units.
While there is no off-street parking, the location is just 2.5 miles from downtown and close to public transportation lines. City-provided trash service helps keep operating expenses low, and there is potential to add common laundry in the basement for additional income and tenant convenience. This is a rare, cohesive multifamily offering with solid fundamentals and financial upside.
Location
State MO
County Jackson
Zoning R-7.5
Interior
Heating Baseboard
Cooling Window Unit(s)
Exterior
Parking Features false
Utilities Available Ind Heat And Air
Roof Type Synthetic
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar,Concrete
Schools
Elementary Schools James
Middle Schools Northeast
High Schools Northeast
School District Kansas City Mo
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.dropbox.com/scl/fo/fd60evch8km8fw0zx1m5v/AFKnFXWaDr_8cPvUiJNSMwQ?rlkey=ubnbozlha42xxks48f6vm7d0a&st=siseov4p&dl=0