Own a fantastic rental property in the charming Historic Northeast with The Melrose Apartments, two six-unit buildings featuring solid brick construction and original details beloved by today’s urban renters. Originally built in 1916 and well maintained through the years, these buildings offer 100% large 1-bed/1-bath floorplans with functional layouts and beautiful hardwood floors. Most units have been refreshed or renovated in the last five years.
Investment dollars are pouring into this growing area, with the prestigious Kansas City University of Medical Biosciences just down the street, alongside new commercial construction, dining, and two new coffee shops. While young professionals are often priced out of downtown Kansas City, Historic Northeast provides an affordable urban alternative. The Melrose Apartments delivers a stabilized asset in an appreciating submarket with great potential for income growth!
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Zillow last checked:
Listing updated:
Listed by:
Lee Ripma816-866-8322,
Lutz Sales + Investments
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2587053
Source: Heartland MLS as distributed by MLS GRID #2587053Report a problem
2/21/2026
Price change
$720,000-19.6%
Source: Heartland MLS as distributed by MLS GRID #2587053Report a problem
12/12/2025
Price change
$895,000-5.8%
Source: Heartland MLS as distributed by MLS GRID #2587053Report a problem
11/13/2025
Listed for sale
$950,000
Source: Heartland MLS as distributed by MLS GRID #2587053Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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