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  • $365,000

    5518-5520 E Truman Rd, Kansas City, MO 64127

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    Apartment
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Rear common-use outdoor areaStrong visibility
    Excellent mixed-use multifamily investment opportunity with immediate cash flow and upside potential at 5518-5520 East Truman Rd, Kansas City, MO 64127. This income-producing property features 4 residential apartments and 2 commercial storefronts, offering diversified income ideal for investors, 1031 exchange buyers, or owner-operators. Located just minutes from Downtown Kansas City on high-traffic Truman Road directly across from small-box discount retailer, the property benefits from strong visibility and continued area revitalization. Residential units are fully occupied with long-term tenants, including three Section 8 tenants paying strong market-supported rents. Three residential units were renovated in 2023 prior to tenant occupancy; current interior condition may vary from marketing photos. The photos were taken after renovation and before tenants' occupancy. One commercial storefront is leased and producing income, while the second is vacant and ready for lease-up, owner occupancy, or renovation—creating immediate upside potential. Additional features include a full basement for storage/workspace and rear common-use outdoor area. Commercial units and basement may be shown anytime. Residential apartment interiors available only after accepted LOI or mutually agreed terms. Stable income today with future upside—an excellent opportunity to acquire a cash-flowing mixed-use asset in a growing Kansas City corridor. Talk to agent about possible loan options.
    61 days
    |
    164
    |
    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Dove 816-260-8884,

    Kansas City Real Estate, Inc.,

    Marissa Andersen 816-559-1523,

    Kansas City Real Estate, Inc.

    Source: Heartland MLS as distributed by MLS GRID,MLS#: 2618347MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Other
      Cooling
      • Window Unit(s)
      Features
      • Has basement: Yes

      Property

      Parking
      • Parking features: Off Street, On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Accessible Common Area
      Lot
      • Size: 3,151 Square Feet
      Details
      • Parcel number: 28240043800000000
      • Zoning: MIXED

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Apartment
      Materials
      • Concrete, Stone & Frame, Stucco & Frame
      • Roof: Other
      Condition
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Separate Meters

      Community & HOA

      Community
      • Subdivision: Melba Park
      HOA
      • Has HOA: No
      Location
      • Region: Kansas City

      Financial & listing details

      • Annual tax amount: $6,561
      • Date on market: 5/5/2026
      • Listing terms: Cash,Conventional,Private Financing Available

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/5/2026Listed for sale$365,000
        Source: Heartland MLS as distributed by MLS GRID #2618347 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: West Blue Valley

        Getting around

        59 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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