Shawnee Fourplex

The Shawnee Fourplex is a rare opportunity to acquire a stabilized, cash-flowing asset in one of the most desirable submarkets in the Kansas City metro, Johnson County, Kansas. Located in Shawnee, this 4-unit property is 100% occupied with three of the four units supported by Section 8 housing. 

Investors benefit from immediate cash flow with minimal operational burden, making this an ideal “set it and forget it” asset. The property is situated in Johnson County—one of the strongest rental markets in the region—known for its high household incomes, top-rated schools, and continued population growth. These fundamentals support long-term tenant demand and strong rent growth. 

With limited multifamily inventory in Johnson County assets like this rarely come available. This property offers both stability today and the opportunity to organically grow income over time through rent increases. Whether you are a new investor or adding to an existing portfolio, this is a clean, simple deal in an A+ location.

Why we love it: Large units with either a single or double car garage in JOCO. Section 8-backed income in Johnson County is about as safe as it gets, and the process is not hard to deal with. You have stable cash flow paired with one of the strongest suburban locations in the Kansas City metro. 4-plexes in JOCO are very rare and very in demand.

The Challenge: Although the seller has kept up with most capital expenses, the longer-term tenants have a more dated finish that would need cosmetic updates to achieve maximum rent. The rents are way way low. Plan on handing out increases asap.

The Value-add Play: Push rents to market as leases renew, including asking JOCO Section 8 to come up to market rent. Update units and get closer to market rents as units turn over.