1612 Washington Ave Kansas City, KS 66102

Listing details for 1612 Washington Ave, Kansas City, KS 66102 : Sharp 10-unit opportunity in Kansas City, KS with pricing that stands out. Based on current rents and market rent analysis, the property is positioned to meet and exceed the 1% rent-to-price rule at the list price, with additional upside remaining. Located at 1612–1616 Washington Ave, the property consists of ten large 2BR/1BA units across two separate buildings in a strong rental corridor near State Avenue with quick access to grocery, restaurants, and major employment centers that support consistent tenant demand. Units have been updated with modern finishes, fixtures, flooring, and refreshed color schemes, supporting strong in-place rents with clear runway to push to market levels (see rent study). Significant capital improvements have already been completed, including water heater upgrades, select furnace replacements, back stairway replacements, and ongoing unit improvements, helping reduce near-term CapEx and ownership risk. All units are individually metered for gas and electricity with tenants paying their own utilities, while common area electric and laundry water remain owner-paid. The property features central heating, window cooling for reduced maintenance costs, coin-operated laundry for additional income, and a layout that continues to perform well with renters seeking functional, spacious units, offering a solid combination of in-place income and remaining upside in a proven Kansas City, KS multifamily corridor.