Riverfront Apartments, Creekside Apartments, Quail Trail Apartments

920 2 Street, Leavenworth, KS 66048

Property Information

  • For Sale $11,800,000
  • Property Type Multi-Family
  • Property Size 100,000 SF
  • Units 124
  • Year Renovated 2025
  • Date Updated May 29, 2026

Description

Leavenworth is anchored by Fort Leavenworth, one of the nation's oldest U.S. Army installations, creating a permanent, recession-resistant renter pool that most markets can't match. Military personnel, civilian employees, and contractors generate consistent, rotating demand for rental housing — independent of corporate hiring cycles or broader economic headwinds. Employment goes well beyond the military. Major employers include Hallmark Cards, Cereal Ingredients, the Armed Forces Insurance Center, the U.S. Federal Penitentiary, and the Dwight D. Eisenhower VA Medical Center — giving the market a genuinely diversified, government-heavy employment base that holds up in any economic cycle. The fundamentals back it up. Leavenworth County's median household income of $83,536 tops both the state and national averages. The Submarket has zero new supply delivered and nothing in the pipeline. Demand is real. Competition is not. Just 18 miles from Downtown Kansas City and 16 miles from KCI, investors capture the upside of a growing metro market while acquiring at secondary market basis. For investors seeking durable cash flow and a built-in demand driver that never gets reassigned, Leavenworth delivers.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.

Highlights

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

Contacts

C. Sterling Scott, CCIM

SVN | Encompass Commercial

Location

Located at 920 2 Street, Leavenworth, KS 66048, this property is part of the Leavenworth neighborhood and Kansas City market.

Contact Listing Broker
C. Sterling Scott, CCIM

SVN | Encompass Commercial

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