Immanuel Apartments

For Sale

4200 Tracy Ave, Kansas City, MO 64110

This Kansas City property for sale is located at 4200 Tracy Ave. The general use of Immanuel Apartments is multi-family and it incorporates 32,256 square feet of class A multi-family space. The current listed sale price for Immanuel Apartments is $3,500,000. Immanuel Apartments is situated on a lot that is 1.16 acre in size.

Contacts

broker
Quinn Hahs

Clemons Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 32,256 SF
  • Units 47
  • Lot Size 1.16 Acre
  • Building Class A
  • Year Built 1947
  • Year Renovated 1987
  • Date Updated Apr 17, 2025
Located in Kansas CityImmanuel Manor offers a highly desirable investment in South Hyde Park, one of Midtown Kansas City’s strongest rental markets. With multiple value-add paths—continuing the 55+ voucher program, converting to market-rate housing, or a hybrid approach—investors can unlock immediate upside. Priced at under $75K per unit, with ample off-street parking and a walkable location, this property is well-positioned for operational improvements from day one, delivering strong returns in a rapidly appreciating market.
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Highlights

  • Multiple Value-Add Strategies – Operated as a 55+ voucher property for decades, with no restrictions on converting to market-rate or blending both strategies for maximum flexibility.
  • Operational Upside – Opportunity to improve rent collection, enhance management, and upgrade units to drive immediate NOI growth.
  • Attractive Price Point – Priced under $75K/unit, well below neighborhood comps trading at $85K–$110K, reflecting the upside potential through renovations.
  • Prime Midtown Location – Located in walkable South Hyde Park, near retail, dining, and major employers, with strong tenant demand.
  • Ample Off-Street Parking – Rare Midtown amenity not currently monetized, offering easy upside with minimal effort.

Getting around

  • 78/100

    Walk Score ®

  • 43/100

    Transit Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Kansas City, MO
  • Neighborhood Manheim Park
  • Zip Code 64110
  • Market Kansas City

Points of Interest

  • 22nd at Vine

    2.48 miles

  • Crossroads

    2.84 miles

  • Kauffman Center

    3.16 miles

  • Power and Light

    3.30 miles

  • Metro Center

    3.48 miles

  • Library

    3.73 miles

  • North Loop

    3.86 miles

  • City Market

    4.07 miles

  • River Market West

    4.11 miles

  • River Market North

    4.19 miles

  • BP

    0.19 miles

  • QuikTrip

    0.87 miles

  • Shell

    1.03 miles

  • Phillips 66

    1.04 miles

  • ChargePoint

    1.31 miles

  • Fire House KC

    0.42 miles

  • Church Parking

    0.91 miles

  • Parking Garage

    0.99 miles

  • KCYA Parking Only

    1.06 miles

  • Hospital Employee Parking

    1.13 miles

  • Medical Plaza Patient Parking Garage

    1.14 miles

  • XXI Garage

    1.15 miles

  • Oak Street Parking Structure

    1.16 miles

  • North Parking Garage

    1.19 miles

  • Neptune Garage

    1.21 miles

  • Best Western Plus Seville Plaza Hotel

    0.86 miles

  • Kansas City Marriott Country Club Plaza

    0.90 miles

  • Southmoreland on the Plaza

    0.91 miles

  • Extended Stay America - Kansas City - Country Club Plaza

    0.93 miles

  • Courtyard Kansas City Country Club Plaza

    1.10 miles

  • Cascade Hotel, Kansas City, a Tribute Portfolio Hotel

    1.16 miles

  • Quality Inn & Suites Kansas City Downtown

    1.19 miles

  • Aloft Kansas City Country Club Plaza

    1.20 miles

  • Residence Inn Kansas City Country Club Plaza

    1.21 miles

  • AC Hotel Kansas City Westport

    1.26 miles

  • Midtown Market

    0.87 miles

  • ALDI

    0.96 miles

  • Save-A-Lot

    0.96 miles

  • Whole Foods Market

    1.31 miles

  • Country Club Plaza

    1.33 miles

  • Marsh's Sun Fresh Market

    1.36 miles

  • Sun Fresh Market

    1.55 miles

  • SunFresh

    2.22 miles

  • Happy Food Center

    2.25 miles

  • Crown Center Shops

    2.30 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Quinn Hahs

Clemons Real Estate

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