Apartment Acquisitions · Lee’s Summit
Sell Your Commercial Property In Lee’s Summit, MO
We are an active buyer of Lee’s Summit commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- 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
Neighborhoods & Nearby Towns: Downtown Lee’s Summit · Lakewood · Raintree · Greenwood — Jackson County, MO
Market Snapshot
Renter Demand In Lee’s Summit
Lee’s Summit, MO counts 103,656 residents, and renters hold 26.6% of occupied homes, per ACS 2020-2024. Median gross rent was $1,422 a month, and rental vacancy was 2.7%, about half the 5.0% Missouri rate. Owners who plan to sell commercial property in Lee’s Summit, MO should expect buyers to price a 19% residential assessment ratio and 2024 Jackson County levies of 7.0500 per $100.
Saint Luke’s East Hospital, with 238 beds, and the Lee’s Summit R-7 School District, with about 17,925 students, anchor demand. We buy 5+ unit buildings from owners ready to sell multifamily property in Lee’s Summit.
Saint Luke’s East Hospital
Saint Luke’s East Hospital is a 238-bed Lee’s Summit facility founded in 2006, per Saint Luke’s Health System.Lee’s Summit R-7 schools
Lee’s Summit R-7 enrolled about 17,925 preK-12 students in 2025-26 across a 117-square-mile district, per the district.Commuter workforce
In ACS 2020-2024, 28,911 Lee’s Summit workers, or 54.8%, worked outside the city, per Census table B08008.Our Buy Box
What We Buy In Lee’s Summit
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
Lee’s Summit Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Lee’s Summit
Renters occupy 26.6% of Lee’s Summit homes, or 10,775 households, per ACS 2020-2024 tenure data. Buildings with 5+ units hold 14.2% of Lee’s Summit housing, or 6,014 units, per table B25024. Only 24.9% of homes predate 1980, per table B25034, and the median year built is 1994. Newer construction tends to shorten repair lists, which helps when selling commercial property in Lee’s Summit.
Rents and affordability
Median gross rent in Lee’s Summit was $1,422 a month in ACS 2020-2024, $389 above the Missouri median of $1,033. Rental vacancy was 2.7%, per table DP04, against 5.0% statewide. Renters paying 30% or more of income reached 50.4%, per table B25070.
| Unit size | HUD FY2027 FMR, Kansas City, MO-KS HUD Metro FMR Area |
|---|---|
| Efficiency | $1,257 |
| 1 bedroom | $1,366 |
| 2 bedrooms | $1,546 |
| 3 bedrooms | $2,020 |
| 4 bedrooms | $2,419 |
Source: HUD FY2027 fair market rents. The two-bedroom FMR of $1,546 sits $124 above the Lee’s Summit all-unit median, a gap buyers weigh when you sell commercial property in Lee’s Summit, MO.
Property taxes in Jackson County
A $2,000,000 Lee’s Summit apartment building owes about $26,790 a year on six 2024 Jackson County levies totaling 7.0500 per $100. Missouri assesses residential property at 19% of true value under RSMo 137.115. RSMo 137.016 defines residential property as land improved by a structure used for residential living.
The math: $2,000,000 x 19% = $380,000 assessed, times 7.0500 per $100 = $26,790.00. The Jackson County levy sheet lists Lee’s Summit R-VII at 4.7309, the city at 1.2877, the county at 0.5056, Mid-Continent Library at 0.3152, Metropolitan Junior College at 0.1806 and the state at 0.0300.
The school levy alone is 67.1% of that total. Expect buyers to model this line first when you sell commercial real estate in Lee’s Summit, MO.
Landlord rules in Lee’s Summit
Missouri caps security deposits at two months’ rent and requires a refund or itemized damage list within 30 days, under RSMo 535.300. Month-to-month tenancies end with one month’s written notice under RSMo 441.060. RSMo 441.043 bars Missouri cities and counties from regulating rent on privately owned residential rental property.
What it means for an owner
A 2.7% rental vacancy and about $26,790 in yearly tax per $2,000,000 of value set the pricing baseline in Lee’s Summit. Run your rent roll through our cap rate calculator before you sell commercial property in Lee’s Summit, MO.
Skyline Capital Investments buys 5+ unit buildings in Downtown Lee’s Summit, Lakewood, Raintree and nearby Greenwood. When you are ready to sell your apartment building in Lee’s Summit, start here.
Before You Sell
Pricing Your Building In Lee’s Summit
More about selling in Missouri →Investing in Lee’s Summit? See apartment syndications in Lee’s Summit →
- Lee’s Summit R-VII levies 4.7309 of the 7.0500 total, or 67.1% of a 2024 Jackson County bill.
- Only 24.9% of Lee’s Summit homes predate 1980, against 52.7% across Missouri in ACS 2020-2024.
- A 2.7% rental vacancy supports pricing when you sell commercial real estate in Lee’s Summit, MO.
Seller Guides
Selling A Building In Lee’s Summit
Learn More
Taxes & Rules For Lee’s Summit Property
The Missouri rules that shape any deal in Lee’s Summit: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Lee’s Summit Seller FAQ
What numbers matter when I sell commercial property in Lee’s Summit, MO?
Three figures lead most buyer models. Lee’s Summit rental vacancy was 2.7% and median gross rent $1,422 in ACS 2020-2024. Jackson County’s 2024 levies inside Lee’s Summit R-VII total 7.0500 per $100, applied to 19% of true value for apartments.
How much property tax does a $2 million Lee’s Summit apartment building pay?
About $26,790 a year on 2024 rates. Missouri’s 19% residential ratio turns $2,000,000 into $380,000 of assessed value. Six Jackson County levies total 7.0500 per $100, and the Lee’s Summit R-VII school levy of 4.7309 is 67.1% of that total.
What do buyers check when I sell commercial real estate in Lee’s Summit, MO?
Buyers start with rent, vacancy and taxes. Lee’s Summit median gross rent of $1,422 runs $124 below HUD’s FY2027 two-bedroom fair market rent of $1,546. Renters paying 30% or more of income reached 50.4%, and 54.8% of resident workers commute outside the city.
How large a security deposit can a Lee’s Summit landlord collect?
Missouri caps a security deposit at two months’ rent under RSMo 535.300. Within 30 days after a tenancy ends, the landlord must return the full deposit or furnish an itemized list of damages with any balance. That statewide rule covers every Lee’s Summit rental.
Can Lee’s Summit cap apartment rents?
No. RSMo 441.043 bars any Missouri county or city from enacting, maintaining or enforcing an ordinance that regulates rent on privately owned residential or commercial rental property. Lee’s Summit rents therefore follow the market, with a median gross rent of $1,422 in ACS 2020-2024.
Will you buy a Lee’s Summit property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Lee’s Summit brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Lee’s Summit, and we keep every conversation confidential.
Can I sell rental property in Lee’s Summit with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Lee’s Summit?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Lee’s Summit
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
