Prime 4-Plex Investment Opportunity with excellent cash flow potential!
Discover a turnkey 4-plex with strong possible returns in one of Kansas City’s hottest growth corridors. Each unit offers 3 bedrooms and 1 bath, with updated finishes, front and back decks, and spacious layouts. Three units were remodeled within the last 6 months ,while the fourth is occupied with a longer term tenant.
The numbers tell the story: voucher program rents at $1,600+ per unit provide consistent income, creating the potential for exceptional cash flow. Investors will appreciate the projected double-digit cap rate, strong cash-on-cash returns, and over $40K in potential NOI.
The location adds even more upside—just minutes from downtown, the Plaza, Westport, and the Crossroads, with over $100M in redevelopment nearby. Essential amenities like a new police station, fire station, major grocery, and retail are only 3 minutes away.
With ample off-street parking and opportunity zone benefits- this property checks every box for investors seeking excellent possible returns and long-term growth.
Don’t miss your chance to invest in KCMO!
Active
$399,900
3331 Indiana Ave, Kansas City, MO 64128
--beds
0baths
--sqft
Quadruplex
Built in 1937
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Front and back decksUpdated finishesSpacious layouts
- 348 days
- 104
- 14
Zillow last checked:
Listing updated:
Listed by:
Mary Beth Schwartz 816-674-8875,
KW KANSAS CITY METRO
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2577081
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Forced Air
Cooling
- Electric
Appliances
- Included: Refrigerator, Electric Range, Stainless Steel Appliance(s), Ind Water Heaters
Features
- Has basement: Yes
Property
Parking
- Total spaces: 4
- Parking features: Off Street, On Street, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck- Covered, Covered
Lot
- Size: 5,663 Square Feet
Details
- Parcel number: 28940190900000000
- Zoning: MF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick/Mortar, Vinyl Siding
- Roof: Synthetic
Condition
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Ind Heat And Air, Separate Meters
Community & HOA
Community
- Subdivision: Conrad & Mixon's Addition
HOA
- Has HOA: No
Location
- Region: Kansas City
Financial & listing details
- Tax assessed value: $33,060
- Annual tax amount: $2,897
- Date on market: 9/22/2025
- Listing terms: Cash,Conventional,FHA,Private Financing Available,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/13/2025 | Price change | $399,900-5.9% |
Source: | ||
| 9/23/2025 | Listed for sale | $425,000+6.5% |
Source: | ||
| 11/30/2023 | Sold | -- |
Source: | ||
| 11/22/2023 | Pending sale | $399,000 |
Source: | ||
| 11/17/2023 | Contingent | $399,000 |
Source: | ||
| 11/10/2023 | Listed for sale | $399,000 |
Source: | ||
| 5/17/2013 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $527 -81.8% | $6,281 -82.9% |
| 2024 | $2,897 +1% | $36,701 |
| 2023 | $2,869 +634.3% | $36,701 +672.7% |
| 2022 | $391 +0.3% | $4,750 |
| 2021 | $389 +9.4% | $4,750 +10.8% |
| 2020 | $356 +2.1% | $4,287 |
| 2019 | $348 | $4,287 |
| 2018 | $348 -2% | $4,287 |
| 2017 | $356 +6.5% | $4,287 +2.6% |
| 2016 | $334 -0.6% | $4,180 |
| 2014 | $336 -0.8% | $4,180 |
| 2013 | $339 +0.5% | $4,180 |
| 2012 | $337 +0.1% | $4,180 |
| 2011 | $337 +0.9% | $4,180 |
| 2010 | $334 -54.1% | $4,180 -36% |
| 2009 | $727 +0.5% | $6,535 -28.8% |
| 2008 | $723 +13.9% | $9,177 |
| 2007 | $635 +0% | $9,177 +15% |
| 2006 | $635 +1.5% | $7,980 |
| 2005 | $625 +0.1% | $7,980 |
| 2004 | $625 +3.8% | $7,980 |
| 2003 | $602 +0.3% | $7,980 +5% |
| 2002 | $600 -0.3% | $7,600 |
| 2001 | $602 | $7,600 |
Find assessor info on the county website
Monthly payment
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