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For Sale

Riverfront Apartments, Creekside Apartments, Quail Trail Apartments

920 2 Street,
Leavenworth, KS 66048

Asset Snapshot

2025
Year Renovated
15
Building Count
124 Units
Unit Count
0 SF
Average Unit Size
100,000 SF
Property Size
97%
Occupancy

Offering Summary

Investment Overview

Riverfront Apartments | Creekside | Quail Trail — 124-Unit Value-Add Multifamily Portfolio | Leavenworth & Lansing, Kansas Three well-maintained 1980s assets, one compelling opportunity. This 124-unit workforce housing portfolio sits at the heart of the Leavenworth/Lansing submarket — a Kansas City metro corridor anchored by Fort Leavenworth, the VA Medical Center, the U.S. Federal Penitentiary, the Lansing Correctional Facility, and a diversified government employment base that performs through cycles. Collectively 97%+ occupied with zero new supply in the pipeline, the portfolio offers structural occupancy protection from day one. With a units in classic and renovated condition, a new owner inherits a cash flowing asset with options for continued growth. The regional momentum is equally compelling — the portfolio sits just minutes from the rapidly growing Legends corridor in Wyandotte County, where the Kansas City Chiefs are building a $3 billion domed stadium set to open for the 2031 NFL season, projected to generate over 20,000 jobs and $4.4 billion in economic impact for Kansas. Solid bones, strong occupancy, and a market on the rise — this portfolio checks every box.


Investment Highlights

  • 124 units across three properties
  • Strong Occupancy
  • Day 1 Cash Flow
  • Desirable 1980s bones
  • Low Owner Expense- Separate Water/Electric/Gas meters across most units
  • Strong Demand Drivers
  • Zero New Supply

How it Works

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Listing Syndicated From

Buildout
For Sale
$11,800,000
Asking Price