Overland Park Multifamily Buyer
Sell Your Commercial Property In Overland Park, KS
From Downtown Overland Park to Leawood, we buy Overland Park multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Overland Park · Corporate Woods · Leawood · Prairie Village — Johnson County, KS
Why Overland Park
Why We Buy Multifamily In Overland Park
Overland Park, in Johnson County, has 200,306 residents in ACS 2020-2024 data. Renters hold 39.5% of Overland Park households, and buildings with five or more units hold 28.2% of homes. Median gross rent is $1,515 a month, well above the Kansas median of $1,060. Multi-family property is assessed at 11.5% of value under Kansas law, and the 2025 levy inside USD 512 totals 98.929 mills. This profile covers who rents, what they pay, HUD FY2027 fair market rents, Johnson County taxes and the Kansas rules that apply. It is written for owners who want to sell commercial property in Overland Park, KS and need the local numbers in one place.
Black & Veatch headquarters
Overland Park City Council approved a new Black & Veatch world headquarters near College and Metcalf, with move-in expected in 2029.Menorah Medical Center
Menorah Medical Center, at 5721 W 119th St in Overland Park, lists a medical staff of more than 600 physicians.Johnson County Community College
Johnson County Community College enrolls more than 29,000 credit students each year at its main campus on College Boulevard in Overland Park.Our Buy Box
What We Buy In Overland Park
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Overland Park Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Overland Park
Renters occupy 39.5% of Overland Park households, according to ACS 2020-2024 tenure data. That equals 33,485 of 84,860 occupied homes. The Kansas renter share is 32.8%.
Apartment buildings matter more here than in most of Kansas. Buildings with five or more units hold 28.2% of Overland Park homes in ACS 2020-2024 table B25024, against 13.0% statewide. Only 33.5% of homes predate 1980, per table B25034. The median year built is 1989 in table B25035.
Rents and affordability in Overland Park
Median gross rent in Overland Park is $1,515 a month, per ACS 2020-2024 table B25064. The Kansas median is $1,060. Median household income in Overland Park is $104,834, per table B19013.
Rent strain still shows up. In ACS 2020-2024 table B25070, 41.3% of Overland Park renters spend 30% or more of income on rent. A smaller group, 19.6%, spends 50% or more. Rental vacancy is 5.7% in ACS 2020-2024 table DP04.
Overland Park falls in the Kansas City, MO-KS HUD Metro FMR Area. HUD FY2027 fair market rents took effect October 1, 2026.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,257 |
| One bedroom | $1,366 |
| Two bedroom | $1,546 |
| Three bedroom | $2,020 |
| Four bedroom | $2,419 |
The two-bedroom FMR sits $31 above the Overland Park median gross rent. Owners who plan to sell commercial real estate in Overland Park, KS can show buyers rents that track the HUD benchmark.
Property taxes in Johnson County
A $2,000,000 Overland Park apartment building inside USD 512 carries about $22,753.67 in 2025 levies. Kansas assesses multi-family residential real property at 11.5% of value under K.S.A. 79-1439. Commercial and industrial real property is assessed at 25%.
| Taxing body | 2025 mills |
|---|---|
| State of Kansas | 1.500 |
| Johnson County | 17.290 |
| Johnson County Park and Recreation | 3.023 |
| Johnson County Library | 3.817 |
| Johnson County Community College | 7.873 |
| City of Overland Park | 14.540 |
| USD 512 Shawnee Mission (four funds) | 50.886 |
| Total | 98.929 |
Rates come from the 2025 Johnson County mill levy sheet. Assessed value is $2,000,000 x 11.5% = $230,000. The tax is $230,000 x 98.929 / 1,000 = $22,753.67 before exemptions.
Inside Blue Valley USD 229, school and recreation levies total 56.420 mills. That lifts the same building to $24,026.49. Anyone looking to sell commercial property in Overland Park, KS should expect buyers to model this bill. Valuation appeals go to the county appraiser within 30 days of the notice mailing, under K.S.A. 79-1448.
Landlord rules in Overland Park
Kansas caps the deposit on an unfurnished unit at one month's rent under K.S.A. 58-2550. The balance is due back within 14 days of setting charges, and no later than 30 days after the tenancy ends.
A landlord may terminate if rent stays unpaid three days after written notice, per K.S.A. 58-2564. A month-to-month tenancy ends on at least 30 days of written notice, per K.S.A. 58-2570.
Overland Park cannot adopt rent control. K.S.A. 12-16,120 bars any Kansas municipality from enforcing an ordinance that controls rent on private residential property.
What it means for an owner in Overland Park
Overland Park pairs a 28.2% apartment share with a $1,515 median rent and 5.7% rental vacancy. Buyers will weigh that demand against the Johnson County tax bill. If you plan to sell commercial property in Overland Park, KS, test your price with the cap rate calculator first.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell your apartment building in Overland Park without listing it, start with our direct apartment building sale process.
Good To Know
Selling In Overland Park
More about selling in Kansas →Investing in Overland Park? See apartment syndications in Overland Park →
- Owners who sell commercial real estate in Overland Park, KS should expect buyers to model the 11.5% assessment.
- USD 512 and USD 229 levies differ, so the same Overland Park building carries different tax bills.
- Owners selling commercial property in Overland Park can cite 5.7% rental vacancy and HUD FY2027 rent levels.
Seller Guides
Overland Park Seller Situations
Learn More
Taxes & Rules For Overland Park Property
The Kansas rules that shape any deal in Overland Park: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Overland Park Seller FAQ
How do I sell commercial property in Overland Park, KS?
Start with your rent roll, expenses and the 2025 Johnson County tax bill. Buyers compare rents with the $1,515 Overland Park median and HUD FY2027 levels. Skyline Capital Investments buys 5+ unit buildings directly, so owners can sell multifamily property in Overland Park without a public listing.
What should I know before I sell commercial real estate in Overland Park, KS?
Overland Park has a 39.5% renter share and 5.7% rental vacancy in ACS 2020-2024 data. Buildings with five or more units hold 28.2% of homes, more than double the Kansas share. Buyers will also review your Johnson County tax bill and lease terms under Kansas law.
How are apartment buildings taxed in Overland Park?
Kansas assesses multi-family residential property at 11.5% of value under K.S.A. 79-1439. Inside USD 512, the 2025 levies total 98.929 mills. A $2,000,000 building is assessed at $230,000 and owes about $22,753.67 before exemptions. Inside Blue Valley USD 229, the bill is about $24,026.49.
What are rents in Overland Park compared with HUD fair market rents?
Median gross rent in Overland Park is $1,515 a month in ACS 2020-2024 data. The HUD FY2027 two-bedroom fair market rent for the Kansas City, MO-KS area is $1,546. That puts the HUD benchmark $31 above the local median. The one-bedroom FMR is $1,366.
Can Overland Park limit how much I raise rents?
No. K.S.A. 12-16,120 bars Kansas counties, municipalities and townships from enacting or enforcing ordinances that control rent on private residential or commercial property. Overland Park landlords set rents by lease. Month-to-month tenancies end on at least 30 days of written notice under K.S.A. 58-2570.
Do I need to fix up my Overland Park building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Johnson County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Overland Park without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Overland Park?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In Overland Park?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
