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Capital Markets | Kansas City Multifamily
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Sales Comps

Kansas City Multifamily Transaction Data

704

Total Deals

$14.91B

Total Volume

122,447

Total Units

$121,765

Avg $/Unit

15.30%

Avg Cap Rate

Market Activity Summary

Year-over-Year Trends

  • Transaction volume up 27.3% YoY (2025 vs 2024)
  • Avg price/unit up 9% to $155,508/unit

By Transaction Status

  • Sold: 610 deals, 106,366 units, $12.85B volume
  • Under Contract: 33 deals, 6,055 units, $1.01B volume
  • On Market: 35 listings, 6,075 units available

Urban vs Suburban

  • Urban Core: 113 deals, 14,248 units, $2.11B ($148,165/unit)
  • Suburban: 591 deals, 108,199 units, $12.80B ($118,289/unit)

By Vintage

  • Pre-1980: 276 deals, 40,129 units ($68,447/unit)
  • 1980-1999: 122 deals, 22,288 units ($111,758/unit)
  • 2000-2014: 100 deals, 21,360 units ($148,113/unit)
  • 2015+: 96 deals, 19,977 units ($218,512/unit)

Cap rates averaging 15.30% across filtered transactions

AI Market Insights

Powered by intelligent analysis

Recent Trends
As of Q4 2025

Capital Structure Shift: Transactions weighted heavily towards deals previously capitalized at market peak, including recently stabilized lease-ups and older vintage properties on floating rate debt.

Growing Investor Confidence: Increased investor confidence in Kansas City fundamentals and significant runway for near-term growth, compared to other major markets experiencing unbalanced supply/demand metrics. We have 3 recently stabilized assets under contract with new buyers entering the market, including Stonehaven in Overland Park representing the highest per-unit sale since peak 2022 pricing.

Stable Market Fundamentals: First Agency loan default in recent history executed. While seeing a handful of troubled assets, we don't anticipate high concentration in this space due to stable fundamentals and balanced supply numbers.

Location Premium: Properties in high-quality locations are highly sought after, creating cap rate compression for those deals.

Filters
Transaction Volume by Year
201420152016201720182019202020212022202320242025$0$650.0B$1.3B$1.9B$2.6B

Average Price Per Unit Trend
201420152016201720182019202020212022202320242025$0K$45K$90K$135K$180K

Transaction Map
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    Sold
    Under Contract
    On Market
    Pre-Marketing
    Off Market
    Awarded
    Recent Transactions (704)
    Life at Legacy Fountains
    Sold

    South Kansas City/Grandview

    244 units$16.8MDec 31, 2025
    Falcon Point
    Sold

    Clay County

    192 units$24.0MDec 30, 2025
    Nethlerland & Monarch
    Sold

    Central Kansas City

    134 units$21.4MDec 22, 2025
    Barrington Park (Recap)
    Sold

    Shawnee/Lenexa/Mission

    408 units$77.7MDec 22, 2025
    Eagle Ridge
    Sold

    South Kansas City/Grandview

    98 units$26.0MDec 17, 2025
    NEEDS_PRICE_CONFIRMATION

    Lawrence

    170 unitsDec 17, 2025
    Elm Grove
    Sold

    South Kansas City/Grandview

    123 units$28.1MNov 20, 2025
    Union Berkley
    Sold

    Central Kansas City

    407 units$113.5MNov 14, 2025
    Heatherwood
    Sold

    North Overland Park

    68 units$8.3MNov 13, 2025
    Northland Heights
    Sold

    Platte County

    400 units$69.0MNov 6, 2025
    Hall Portfolio
    Sold

    Lawrence

    444 units$51.0MNov 4, 2025
    Eagle Ridge
    Sold

    Lawrence

    148 units$11.8MOct 27, 2025
    Candlelite
    Sold

    South Kansas City/Grandview

    152 units$7.3MOct 22, 2025
    Fox Run
    NEEDS_PRICE_CONFIRMATION

    Lawrence

    104 unitsOct 21, 2025
    Sold

    Shawnee/Lenexa/Mission

    25 units$5.5MOct 9, 2025
    Sold

    Lee's Summit/Blue Springs/Raytown

    96 units$9.1MOct 7, 2025
    Sold

    Central Kansas City

    25 units$4.1MSep 30, 2025
    Sold

    South Kansas City/Grandview

    527 units$113.0MSep 23, 2025
    Sold

    Clay County

    138 units$11.7MSep 19, 2025
    Legends 267
    Sold

    Wyandotte County/Leavenworth

    267 units$62.0MSep 17, 2025
    Sold

    South Kansas City/Grandview

    269 units$48.9MSep 3, 2025
    Sold

    Central Kansas City

    283 units$75.8MAug 28, 2025
    Sold

    Olathe/Gardner

    318 units$96.3MAug 26, 2025
    Plaza Club City
    Sold

    Central Kansas City

    214 units$7.5MAug 19, 2025
    Sold

    South Overland Park

    298 units$67.0MAug 19, 2025
    Sold

    South Overland Park

    380 units$90.0MAug 8, 2025
    Sold

    South Kansas City/Grandview

    78 units$5.7MAug 5, 2025
    Sold

    Platte County

    253 units$27.0MAug 1, 2025
    Sold

    Independence/East Kansas City

    64 units$4.6MJul 31, 2025
    Sold

    Central Kansas City

    110 units$13.1MJul 28, 2025
    Sold

    South Kansas City/Grandview

    212 units$46.1MJul 25, 2025
    Sold

    Clay County

    147 units$44.2MJul 8, 2025
    Switch
    Sold

    Wyandotte County/Leavenworth

    274 units$61.0MJul 3, 2025
    Sold

    Lee's Summit/Blue Springs/Raytown

    200 units$12.6MJun 27, 2025
    Sold

    Clay County

    154 units$18.9MJun 18, 2025
    Sold

    South Overland Park

    251 units$63.5MMay 25, 2025
    Sold

    South Kansas City/Grandview

    168 units$11.1MMay 10, 2025
    Sold

    Central Kansas City

    27 units$3.1MApr 25, 2025
    Sold

    South Kansas City/Grandview

    112 units$16.8MApr 21, 2025
    Sold

    Shawnee/Lenexa/Mission

    60 units$6.4MApr 18, 2025
    Sold

    Shawnee/Lenexa/Mission

    228 units$30.0MMar 28, 2025
    Sold

    Shawnee/Lenexa/Mission

    130 units$16.3MFeb 24, 2025
    Sold

    Central Kansas City

    36 units$3.8MFeb 20, 2025
    Sold

    Lee's Summit/Blue Springs/Raytown

    336 units$76.0MFeb 6, 2025
    Sold

    Central Kansas City

    224 units$29.3MJan 31, 2025
    Sold

    South Overland Park

    70 units$8.4MJan 15, 2025
    Sold

    Wyandotte County/Leavenworth

    115 units$6.4MJan 1, 2025
    Sold

    South Overland Park

    60 units$6.6MDec 23, 2024
    Sold

    Central Kansas City

    21 units$2.1MDec 20, 2024
    Sold

    Shawnee/Lenexa/Mission

    132 units$25.3MDec 16, 2024

    CBRE Kansas City Multifamily

    Sales Comps Report - Generated 4/8/2026
    © 2026 CBRE, Inc. | Kansas City Multifamily | Confidential

    Barrington Park (Recap)

    Sold

    Location

    Address: 10963 Richards Court
    City: Lenexa, KS
    Submarket: Shawnee/Lenexa/Mission
    ZIP: 66210

    Property Details

    Units: 408
    Year Built: 1985
    Total SF: 534,072
    Avg SF: 1,309
    Avg Rent: $1,604

    Transaction Details

    Sale Price: $77.7M
    Price/Unit: $190,343
    Price/SF: $143
    Cap Rate (In-Place): N/A
    Sale Date: 2025-12-22

    Parties

    Seller: BRES/Thackeray
    Buyer: N/A
    Broker: CBRE
    $0K