The median home value in Kansas City, MO is $313,000.
This is
higher than
the county median home value of $219,688.
The national median home value is $308,980.
The average price of homes sold in Kansas City, MO is $313,000.
Approximately 51% of Kansas City homes are owned,
compared to 37% rented, while
12% are vacant.
Kansas City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Kansas City real estate agent to arrange a tour today!
Learn more about Kansas City.
Situated in the heart of Kansas City's historic River Market neighborhood, 120 W. 5th Street presents a rare and compelling mixed-use investment opportunity. Built in 1907, this property combines timeless character with modern functionality, all within steps of the City Market, downtown Kansas City, and the KC Streetcar line - offering unmatched connectivity to the city's top attractions. The property's striking fa ade, featuring an iconic marquee cityscape mural, is complemented by exceptional walkability and tenant-friendly amenities, including off-street parking with an attached garage. A long-term salon tenant anchors the ground floor, providing reliable income through 2028, while the upper two floors operate as a high-performing short-term rental - offering diversified revenue streams and significant upside potential. The salon space encompasses approximately 2,600 square feet and was thoughtfully renovated in 2018. It includes two bathrooms, a washer/dryer, exposed brickwork, refurbished concrete flooring, a private office and employee area, and rear access to the garage and building mechanicals. Meanwhile, the short-term rental unit, completed in 2022, spans approximately 2,875 square feet across two upper levels. This fully furnished space boasts 2+ bedrooms, two full bathrooms, tall ceilings, abundant natural light, and a third-level entertainment area with a rooftop deck offering breathtaking downtown views. While a roof leak in early 2025 temporarily impacted the short-term rental's availability, the unit has since undergone significant repairs (new roof 2025) and resumed operations, achieving strong bookings. As of April 2026, the unit has secured 82 future nights through October, underscoring its ongoing demand and revenue-generating potential. The building is separately metered for electric with common gas and water and has 24-hour surveillance/security cameras in place for tenants.
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