Log In/Sign Up
Your email has been sent.
Martin City Flats 706 E 139th St 30 Unit Apartment Building For Sale Kansas City, MO 64146
Investment Highlights
- Comprehensive Four-Year Renovation Program
- Supply-Constrained Submarket with Strong Fundamentals
- Diverse Unit Mix with Premium Townhome Product
- Operational Upside Across Multiple Income Items
- Affluent Surrounding Demographics and Strong Demand Drivers
- Offered Free and Clear or with Assumable Existing Freddie Mac Financing
Executive Summary
As exclusive advisor, MMG Real Estate Advisors is pleased to present Martin City Flats, a 30-unit multifamily community located at 706 E 139th Street in Kansas City,
Missouri. Originally built in 1965, the property was acquired by current ownership and has undergone a comprehensive renovation program totaling over $446,000 in capital improvements from 2022 through 2025, including new exterior decks, electrical panel upgrades, HVAC replacements, appliance packages, and full interior unit renovations across multiple buildings.
Martin City Flats is a 96.7% occupied, cash-flowing asset situated in one of the tightest submarkets in the Kansas City metro, with a 4.2% vacancy rate and no new supply
in the pipeline. The surrounding three-mile trade area carries a median household income of $98,006, supported by strong demand drivers including the Cerner/Oracle Health campus and immediate access to Interstate 49 and MO-150. Current ownership has addressed deferred maintenance and invested heavily in capital improvements, leaving a new buyer with a renovated, stabilized asset and multiple paths to grow NOI from day one.
Missouri. Originally built in 1965, the property was acquired by current ownership and has undergone a comprehensive renovation program totaling over $446,000 in capital improvements from 2022 through 2025, including new exterior decks, electrical panel upgrades, HVAC replacements, appliance packages, and full interior unit renovations across multiple buildings.
Martin City Flats is a 96.7% occupied, cash-flowing asset situated in one of the tightest submarkets in the Kansas City metro, with a 4.2% vacancy rate and no new supply
in the pipeline. The surrounding three-mile trade area carries a median household income of $98,006, supported by strong demand drivers including the Cerner/Oracle Health campus and immediate access to Interstate 49 and MO-150. Current ownership has addressed deferred maintenance and invested heavily in capital improvements, leaving a new buyer with a renovated, stabilized asset and multiple paths to grow NOI from day one.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 27,975 SF |
| No. Units | 30 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 1.43/1,000 SF |
| Building Class | C | Cross Streets | Holmes Rd |
| Lot Size | 0.46 AC | Opportunity Zone |
Yes
|
| Zoning | C2, Kansas City | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 27,975 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2019 |
| Parking Ratio | 1.43/1,000 SF |
| Cross Streets | Holmes Rd |
| Opportunity Zone |
Yes |
| Zoning | C2, Kansas City |
Amenities
Unit Amenities
- Balcony
- Disposal
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Carpet
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,233 CAD | 733 |
| 1+1 | 6 | $1,123 CAD | 702 |
| 2+1 | 16 | $1,254 CAD | 785 |
| 2+2 | 2 | $1,302 CAD | 785 |
| 2+1 | 4 | $1,459 CAD | 897 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $251,755 CAD (2025) | |
| Land Assessment | $65,638 CAD (2025) | Total Assessment | $317,393 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$65,638 CAD (2025)
Improvements Assessment
$251,755 CAD (2025)
Total Assessment
$317,393 CAD (2025)
1 of 45
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Martin City Flats | 706 E 139th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.