Immanuel Apartments

4200 Tracy Ave, Kansas City, MO 64110

  • For Sale $3,500,000
  • 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 15, 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.

Contacts

broker
Quinn Hahs

Clemons Real Estate

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Transit Score ®

    43/100 Some Transit

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Fannie's African and Tropical Cuisine

    0.17 miles

  • Burger King

    0.58 miles

  • McDonald's

    0.58 miles

  • Taco Bell

    0.59 miles

  • Lucky Dynasty

    0.59 miles

  • Gates Bar-B-Q

    0.64 miles

  • KFC

    0.64 miles

  • Yum Bakery

    0.80 miles

  • Café Sebastienne

    0.85 miles

  • Ragazza

    0.87 miles

  • Notre Dame de Sion School

    0.68 miles

  • Kansas City Art Institute

    0.75 miles

  • University of Missouri

    0.77 miles

  • Paseo Academy of Fine and Performing Arts

    0.80 miles

  • Saint Paul's Episcopal Day School

    0.85 miles

  • C. A. Franklin Elementary School

    0.96 miles

  • Westport Montessori School

    1.00 miles

  • Richardson Early Learning Center

    1.10 miles

  • Académie Lafayette Elementary School - Cherry Campus

    1.10 miles

  • Académie Lafayette Middle School

    1.13 miles

  • St. Luke's Hospital Child Care Center

    1.04 miles

  • Alphabet Academy Child Care

    1.24 miles

  • Downtown Day Care

    3.19 miles

  • Spectrum Station

    3.72 miles

  • Inspire Early Education Center

    3.80 miles

  • Cotton Candy Daycare Center

    3.92 miles

  • Children's Choice

    4.11 miles

  • Englewood Christian Academy

    6.87 miles

  • Holmeswood Baptist Church

    6.90 miles

  • Rising Sun Learning Center

    7.54 miles

Frequently Asked Questions

How much does Immanuel Apartments cost?

The space currently listed for sale at Immanuel Apartments asks for $3,500,000.

What is the total square footage of Immanuel Apartments?

Immanuel Apartments totals 32,256 square feet.

When was this property built?

Immanuel Apartments was built in 1947.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Quinn Hahs

Clemons Real Estate

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