Outstanding investment opportunity in the heart of Kansas City! This recently renovated fourplex offers an attractive combination of spacious three-bedroom units, strong rental potential, and an excellent central location. Featuring four generously sized 3-bedroom, 1-bathroom apartments, this property is ideally positioned for investors seeking dependable cash flow and long-term rental demand.
Each unit features its own central heating and air conditioning, providing year-round comfort and an appealing amenity for prospective tenants. Washer and dryer hookups in the basement offer additional convenience and enhance the property's rental appeal.
Perfectly suited for the housing voucher rental market! Following recent renovations, the first unit has already been leased for an impressive $1,600 per month, with the tenant responsible for all utilities except water. The remaining three units are expected to be leased to voucher tenants in the near future, creating an exciting opportunity for an investor to acquire a property approaching full occupancy. At the demonstrated $1,600 monthly rental rate across all four units, the property offers potential gross rental income of $76,800 annually!
Location is another major advantage! Situated in Kansas City's Key Coalition neighborhood, the property offers convenient access to Downtown Kansas City, the Crossroads Arts District, Crown Center, Hospital Hill, Children's Mercy Hospital, University Health, and the vibrant Midtown corridor. Proximity to major employment centers, medical facilities, public transportation, shopping, and everyday amenities supports continued rental demand. Buyer and buyers agent to check all details during due diligence. Info deemed reliable but not guaranteed.
Active
$450,000
3016 Olive St, Kansas City, MO 64109
--beds
1baths
--sqft
Quadruplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious three-bedroom units
- 5 days
- 77
- 13
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle Lutz 913-426-5576,
Lutz Sales + Investments
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2647567
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Features
- Has basement: Yes
Property
Parking
- Total spaces: 4
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 6,717 Square Feet
Details
- Parcel number: 29710242900000000
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Subdivision: Altamont
HOA
- Has HOA: No
Location
- Region: Kansas City
Financial & listing details
- Tax assessed value: $161,340
- Annual tax amount: $2,575
- Date on market: 10/21/2026
- Listing terms: Cash,Conventional,FHA
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $450,000+125.1% |
Source: | ||
| 3/15/2022 | Sold | -- |
Source: | ||
| 3/6/2022 | Pending sale | $199,900 |
Source: | ||
| 3/2/2022 | Price change | $199,900-20% |
Source: | ||
| 2/9/2022 | Price change | $249,900-3.9% |
Source: | ||
| 1/19/2022 | Price change | $260,000-5.5% |
Source: | ||
| 1/7/2022 | Pending sale | $275,000 |
Source: | ||
| 1/7/2022 | Contingent | $275,000 |
Source: | ||
| 1/5/2022 | Price change | $275,000-8.3% |
Source: | ||
| 12/23/2021 | Listed for sale | $299,900 |
Source: | ||
| 12/13/2021 | Pending sale | $299,900 |
Source: | ||
| 12/13/2021 | Contingent | $299,900 |
Source: | ||
| 11/29/2021 | Listed for sale | $299,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,571 -79.9% | $30,655 -81.1% |
| 2024 | $12,778 +1% | $161,899 |
| 2023 | $12,657 +563.8% | $161,899 +598.4% |
| 2022 | $1,907 +0.3% | $23,180 |
| 2021 | $1,900 +12.5% | $23,180 +13.9% |
| 2020 | $1,689 +2.1% | $20,344 |
| 2019 | $1,654 | $20,344 +119% |
| 2018 | $1,654 +114.7% | $9,288 |
| 2017 | $770 +6.5% | $9,288 +2.6% |
| 2016 | $723 -0.6% | $9,054 |
| 2014 | $728 -0.2% | $9,054 |
| 2013 | $729 +0.5% | $9,054 |
| 2012 | $726 +0.1% | $9,054 |
| 2011 | $725 +0.9% | $9,054 |
| 2010 | $719 -25.6% | $9,054 |
| 2009 | $967 +0.5% | $9,054 -26% |
| 2008 | $962 +13.9% | $12,236 |
| 2007 | $844 +0% | $12,236 +15% |
| 2006 | $844 +1.5% | $10,640 |
| 2005 | $832 +0.1% | $10,640 |
| 2004 | $831 +38.7% | $10,640 |
| 2003 | $599 +0.3% | $10,640 +40% |
| 2002 | $598 -0.3% | $7,600 |
| 2001 | $599 | $7,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Key Coalition
Nearby schools
Schools provided by the listing agent
- Middle: Central
- High: Central Academy of Excellence
Source: Heartland MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




