Pendleton Heights Apartments

Welcome to Pendleton Heights Apartments, a turnkey 18-unit multifamily community steps from Kansas City University and just 2.5 miles from downtown Kansas City. A full top-to-bottom rehab in 2019 left nearly every aspect of the property in new or like-new condition, while rents still sit below market across both unit types.

Located on Maple Blvd in the charming, walkable Pendleton Heights neighborhood, the property comprises 12 two-bedroom and 6 one-bedroom units with stainless steel appliances, quartz counters, LVP flooring, in-unit washers and dryers, tiled showers, and private patios or balconies. Gas and electric are submetered and paid by tenants, and a utility bill-back offsets landlord-paid water, sewer, trash, and pest control. A large private parking lot adds tenant-paid parking income.

Pendleton Heights presents a low-risk, high-demand rental opportunity. Kansas City University is the largest medical school in Missouri and offers no on-campus housing, so students rely on nearby rentals. As units turn, a new owner can align lease terms with the academic calendar, push rents approximately 6–7% to market, and capture roughly $1,200/month in additional income with no capital expenses ahead.