About this home

3113–3123 Thompson Ave, an 18-unit multifamily portfolio consisting of three contiguous, side-by-side buildings in Kansas City’s Historic Northeast. This classic 1920s asset features updated systems, efficient operations, and the opportunity to increase financial returns through lease-up and value-add strategies. One 6-unit building has been fully renovated down to the studs and will be delivered vacant, ready for market-rate tenants. The remaining occupied buildings have received consistent upgrades over time, with freshened common areas completed in summer 2025. The property is all-electric, with updated plumbing throughout, including a new sewer line installed in 2023, and features low-maintenance electric baseboard heat and window A/C units. While there is no off-street parking, the location is just 2.5 miles from downtown and close to public transportation lines. City-provided trash service helps keep operating expenses low, and there is potential to add common laundry in the basement for additional income and tenant convenience. This is a rare, cohesive multifamily offering with solid fundamentals and financial upside.