The Madelyn Apartments represent a rare chance to acquire a value-add 37-unit multifamily portfolio in the heart of Kansas City’s highly walkable Valentine neighborhood. Comprising five well-maintained brick buildings originally constructed in 1923 around a central parking lot, the property combines timeless architectural character with modern upgrades. Extensive improvements are already completed, including electrical and plumbing systems, new windows, and central heat and air throughout. Two of the buildings feature landlord-owned, coin-operated laundry facilities, and all units have ample natural light from the oversized replacement windows and original hardwood floors. The unit mix includes a combination of standard and oversized one-bedroom layouts, three of which have already been successfully converted into two-bedroom units. The remaining 21 oversized one-bedrooms present a clear path for the next owner to continue this proven value-add strategy. 18 of the 37 units have been fully renovated to a luxury finish level, featuring modern kitchens with stainless steel appliances, quartz countertops, dishwashers, and designer tile bathrooms. 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.
