5029-5035 Troost Ave.
Multifamily | 12 Units | $77,917/unit
Marketing description
Located directly across from University of Missouri–Kansas City and just minutes from Rockhurst University, 5029–5035 Troost presents a rare opportunity to acquire a strategically positioned multifamily asset in one of Kansas City's most active and evolving rental corridors. Surrounded by a large and consistent student, faculty, and workforce population, the property benefits from strong long-term rental demand driven by its proximity to major educational institutions and employment centers. While the asset requires significant interior and exterior improvements, the property offers substantial value-add potential through renovations, operational improvements, and future rent growth. This offering provides investors the opportunity to reposition a well-located asset and capitalize on the continued momentum and redevelopment occurring throughout Kansas City.
Investment highlights
- Prime Location Directly Across from UMKC
- Positioned directly across the street from the University of Missouri–Kansas City, 5029–5035 Troost Avenue benefits from immediate access to one of the region's largest educational and employment centers. The property's walkable location places residents within minutes of campus facilities, dining, retail, and major employers, supporting consistent renter demand from students, faculty, healthcare workers, and young professionals.
- Significant Rental Upside
- Current rents are well below many competing properties in the UMKC, Midtown, and Plaza submarkets, creating an opportunity to increase revenue through unit renovations, operational improvements, and market-rate rent adjustments.
- Proximity to Multiple Demand Drivers
- In addition to UMKC, the property benefits from its location near Rockhurst University, Saint Luke's Health System, and the Country Club Plaza, creating a diverse tenant base beyond traditional student housing.
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