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View of building exterior with a fenced front yard
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View of front facade featuring brick siding and a fenced front yard
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View of apartment building / complex with a fenced front yard
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Living room with dark wood-style flooring and ceiling fan
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Sitting room featuring dark wood finished floors, ceiling fan, and electric panel
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Office space with stacked washer / drying machine and dark wood-style flooring
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Unfurnished living room featuring dark wood finished floors and ceiling fan
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Unfurnished room featuring a textured wall, dark wood finished floors, a textured ceiling, brick wall, and a ceiling fan
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Kitchen with wood finish cabinets, white appliances, stacked washing machine and dryer, dark wood-style floors, and backsplash
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Kitchen featuring wood finish cabinets, white appliances, dark wood-style floors, a ceiling fan, and light countertops
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Unfurnished living room with dark wood-style flooring, ceiling fan, and electric panel
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Kitchen with white appliances, wood finish cabinetry, stacked washer and dryer, and dark wood finished floors
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Closet with a sink
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Bathroom with a textured wall and washtub / shower combination
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Bathroom featuring tub / shower combination, a textured wall, and dark tile patterned floors
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Studios on Broadway presents a unique opportunity to acquire a 72-unit, all-studio multifamily asset in the heart of Midtown Kansas City. Spread across three contiguous 3-story buildings totaling 38,000 SF, the property has undergone extensive capital improvements, including updated copper electrical systems with new 100A panels, full PEX water lines, and PVC drain stacks. All roofs were replaced with TPO systems between 2016 and 2018, and double-pane vinyl windows have been installed throughout. Units average 433 SF and are split between two efficient studio layouts that support lean operations. In-place rents of $786 average trail proven stabilized rents of $837, with no additional improvements needed to bridge the gap. In place NOI of $409K, reflecting a highly efficient cost structure of just $4,056 per unit. Individual electric metering, gas hot water, and updated infrastructure make this a reliable, low-touch asset. At $80,556 per unit, Studios on Broadway offers investors a solid yield today with clear near-term upside in a demand-driven urban corridor.
- Directions
- I-35 South to Broadway, property will be on the right.
- Subdivision
- Other
- City
- Kansas City
- County
- Jackson
- Property Type
- Residential Income / Apartment
- Listing Updated
- Feb 05, 2026 at 10:02am
- MLS Number
- 2600487
- Property Tax
- $31,671
- Zoning
- $R-0.5
- Home Owners Association
- No
- Disclaimer
- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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