$1,275,000
 $7,644 est/mo Sourced by Back At You

5701 Saint John Avenue,Kansas City, MO 64123

Kansas City, MO 64123

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Description

This really is $25k per door!!!! Welcome to the Lawndale Apartments, a 51-unit multifamily opportunity in Kansas City's Historic Northeast. 5701, 5705, & 5609 St John Ave in Kansas City MO. This three-building brick property + one vacant lot, feature 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. See rent roll for current occupancy, mostly voucher based tenants. Current PM will stay in place. These buildings are no rehabbed and have some deferred maintenance but these are really priced at $25k per door. 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 value add appreciation potential. Stable, Largely Voucher Tenant Base St John Ave Corridor Location in The Historic Northeast On Bus Line and Walkable to Local Businesses High income per square foot In-place Property Management Specializes in Voucher Tenant Management

Details

MLS #2642976
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site33
Listing Provided ByLutz Sales + Investments | Michelle Lutz

Features

BasementY
Story(s)3
Units51
ZoningMulti
Acreage0.71

Taxes

Property15375

Area Information

StateMO
CountyJackson
CityKansas City
Zip Code64123
Area202 Kansas City Area (So. of River)
Community NameWinram Place
Listing VS Median (in Winram Place)
Price:
$1,275,000
low | high
Med:
$0
On site:
33
low | high
Med:
Sourced by Back At You

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Learn More About This Property

StateMO
CountyJackson
CityKansas City
Zip Code64123
Area202 Kansas City Area (So. of River)
Community NameWinram Place
Listing VS Median (in Winram Place)
Price:
$1,275,000
low | high
Med:
$0
On site:
33
low | high
Med:
Sourced by Back At You
Listing Updated: September 29, 2026 at 1:49:34 AM PDT
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