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.
Active
Price cut: $70K (8/19)
$295,000
5518-5520 E Truman Rd, Kansas City, MO 64127
--beds
0baths
--sqft
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Rear common-use outdoor areaStrong visibility
- 134 days
- 246
- 22
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#: 2618347
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
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Price change | $295,000-19.2% |
Source: | ||
| 5/5/2026 | Listed for sale | $365,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





