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Active
  • $450,000

    3016 Olive St, Kansas City, MO 64109

    --beds
    1baths
    --sqft
    : 
    $3,203/mo
    Get pre-qualified
    Quadruplex
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious three-bedroom units
    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.
    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#: 2647567MLS Logo

      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

        DateEventPrice
        10/21/2026Listed for sale$450,000+125.1%
        Source: Heartland MLS as distributed by MLS GRID #2647567 Report a problem
        3/15/2022Sold--
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        3/6/2022Pending sale$199,900
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        3/2/2022Price change$199,900-20%
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        2/9/2022Price change$249,900-3.9%
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        1/19/2022Price change$260,000-5.5%
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        1/7/2022Pending sale$275,000
        Source: RE/MAX of Kansas-Missouri #2356710 Report a problem
        1/7/2022Contingent$275,000
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        1/5/2022Price change$275,000-8.3%
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        12/23/2021Listed for sale$299,900
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        12/13/2021Pending sale$299,900
        Source: RE/MAX of Kansas-Missouri #2356710 Report a problem
        12/13/2021Contingent$299,900
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem
        11/29/2021Listed for sale$299,900
        Source: Heartland MLS as distributed by MLS GRID #2356710 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Key Coalition

        Getting around

        74 / 100
        Very Walkable
        46 / 100
        Some Transit

        Nearby schools

        GreatSchools rating
        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.

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