5518-5520 E Truman Road, Kansas City, MO 64127
Melba Park · Jackson County
Key Facts
Description
Excellent mixed-use multifamily investment opportunity with immediate cash flow and upside potential at 5518-5520 East Truman Rd, Kansas City, MO 64127. This income-producing property features 4 residential apartments and 2 commercial storefronts, offering diversified income ideal for investors, 1031 exchange buyers, or owner-operators. Located just minutes from Downtown Kansas City on high-traffic Truman Road directly across from small-box discount retailer, the property benefits from strong visibility and continued area revitalization. Residential units are fully occupied with long-term tenants, including three Section 8 tenants paying strong market-supported rents. Three residential units were renovated in 2023 prior to tenant occupancy; current interior condition may vary from marketing photos. The photos were taken after renovation and before tenants' occupancy. One commercial storefront is leased and producing income, while the second is vacant and ready for lease-up, owner occupancy, or renovation—creating immediate upside potential. Additional features include a full basement for storage/workspace and rear common-use outdoor area. Commercial units and basement may be shown anytime. Residential apartment interiors available only after accepted LOI or mutually agreed terms. Stable income today with future upside—an excellent opportunity to acquire a cash-flowing mixed-use asset in a growing Kansas City corridor. Talk to agent about possible loan options.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1920
Stories
2
Living Area
2,168 sq ft
Lot Size
0.07 acres
Zoning
MIXED
Days on Market
2
MLS® Listing#
2618347
Property Features
Cooling
Heating
Parking
Construction
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$6,561
Parcel Number
28-240-04-38-00-0-00-000
Directions
From 435, West on Truman Rd, North on Oakley. Property is on the corner of Truman and Oakley.
Affordability Calculator
$73,000
Estimated monthly payment
$1,943/mo
Principal $292,000 · Est. interest $407,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kansas City, MO
- $312,678
- Median Listing Price
- 54
- Median Days on Market
- 1,711
- Median Sq Ft
- $179
- Median Price / Sq Ft
- 2,101
- Active Listings
- This home’s price is 17% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kansas City, MO.
Location
Points of Interest in Kansas City, MO
Showing the Kansas City area map.
Nearby Schools
Guadalupe Centers Elementary School
Elementary · 0.2 mi away
Kansas City Girls Preparatory Academy
School · 0.4 mi away
Imagine Renaissance Academy
School · 0.4 mi away
East High School
Secondary · 0.5 mi away
Trailwoods Elementary School
Elementary · 0.5 mi away
JA Rogers Elementary School
Elementary · 0.9 mi away
Northeast Middle School
Secondary · 0.9 mi away
Northeast High School
Secondary · 1.1 mi away
Holy Cross School
School · 1.4 mi away
Whittier Elementary School
Elementary · 1.4 mi away
James Elementary
Elementary · 1.4 mi away
Gladstone Elementary
Elementary · 1.6 mi away
Phillis Wheatley Elementary School
Elementary · 1.8 mi away
Wendell Phillips Elementary School
Elementary · 2.1 mi away
Imagine Academy Middle/High School
Secondary · 2.1 mi away
Kansas City International Academy
Elementary · 2.1 mi away
Garfield Elementary
Elementary · 2.1 mi away
RJ Delano School
School · 2.2 mi away
Central High School
Secondary · 2.3 mi away
Scuola Vita Nuova Charter School
Elementary · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 301 NW 79TH Terrace, Kansas City, MO | $256,000 | 3 | 2 | 1,512 |
| 11221 Herrick Avenue, Kansas City, MO | $259,000 | 4 | 2 | 1,720 |
| 4500 Jefferson Street 102, Kansas City, MO | $259,000 | 2 | 2 | 870 |
| 2505 NE 38th Street, Kansas City, MO | $259,000 | 4 | 1 | 2,328 |
| 6214 Tracy Avenue, Kansas City, MO | $259,000 | 3 | 2 | 1,266 |
| 24 Starboard Drive Unit 9, Kimberling City, MO | $259,900 | 2 | 2 | 1,300 |
Moving Cost Estimate
EXIT Agents in Kansas City
Listing Courtesy: Kansas City Real Estate, Inc. - 816-260-8884
Last Updated: 2026-05-05
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