The Madelyn Apartments

The Madelyn Apartments presents a rare opportunity to acquire a 37-unit multifamily portfolio in the heart of Kansas City’s walkable Valentine neighborhood. Comprising five well-maintained buildings constructed in 1923, this property features a shared central parking lot and a blend of one- and two-bedroom units. Recently updated with new electrical, plumbing, and central heat and air, 18 of the 37 units have undergone luxury renovations within the last three years, showcasing modernized kitchens with stainless steel appliances and quartz countertops, designer tile in bathrooms, and oversized replacement windows that flood the original hardwood floors with natural light. Each building includes on-site coin-operated laundry, enhancing tenant convenience.

Strategically positioned less than 1 mile from KU Medical Center, the area’s largest hospital and medical school, and under 3 miles from Children’s Mercy Hospital, the city’s second-largest employer, this property benefits from robust tenant demand. Just 1.6 miles from the famed Country Club Plaza and walking distance to Valentine and Westport’s bars and eateries, it offers an unbeatable location. With a proven track record of stability and upside potential through further renovations, this portfolio delivers immediate cash flow and long-term growth for investors.

Why we love it: The blend of original charm and modern updates, including central heat and air, on-site parking, and laundry, paired with a desirable mix of 1- and 2-bedroom units, makes this a standout. Its ultra-central location in Valentine adds unmatched appeal.

The Challenge: As older 1923 buildings, some challenges may arise, though the well-maintained structure with updated plumbing, electrical, windows, and HVAC mitigates risks.

The Value-add Play: Renovate units through time to get all units up to market rent and the building achieving its full income potential.