$1,630,000

200 E Otway Street, Odessa, MO 64076

  • Property Icon Land
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon1.14acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

The Odessa Rental Portfolio presents a rare opportunity to acquire a diversified 21-unit multifamily package in the heart of Odessa, Missouri. Comprised of a duplex, fourplex, 7-plex, and 8-plex constructed between 1906 and 1984, the portfolio delivers strong diversification across studios, one-, two-, and three-bedroom layouts. All properties are well-maintained, fully leased, and offer on-site parking, providing both stability and tenant convenience. Perfect for local or out of state investors, this one is easy to own and cash flow. Operations are streamlined through a utility recovery system, with select units sub-metered for electric and common water/gas expenses recaptured via tenant billing fees. The portfolio benefits from a long history of strong occupancy and diligent management, underscoring its proven track record of performance. With consistent cash flow already in place, the investment offers both immediate income and operational efficiency. Positioned near schools, retail, and community amenities, the Odessa Rental Portfolio draws from strong tenant demand and retention drivers. Investors have the opportunity to capture additional upside through cosmetic upgrades and rental optimization at turnover, enhancing long-term value. With stability today and growth potential tomorrow, this portfolio represents a compelling multifamily investment in a growing suburban market.

Listing Status:
Active
Listing Office:
Lutz Sales + Investments : 913-426-5576
Listing Agent:
Michelle Lutz : 913-426-5576
MLS ID:
2578809
  • A/C: Electric
  • Heating: Natural Gas
  • Parking: Off StreetOn Street
  • Roofing: Composition
  • HOA Amenities: 0.0
  • Originating MLS: hmls
  • School District: Odessa
  • County: Lafayette
  • Zoning: Res200 E Otway StOdessaMO 64076 = LOTS 7 & 8 BLK 3 MCBURNEYS ADDN (200 E OTWAY); 641-53718-783853-9881058-941058-72010DR36582018DR19152018DR21682022DR0098 802 W Main StOdessaMO 64076 = PT OF NE1/4; 592-714946-8412015DR36962016DR20392018DR19142018DR21712022DR0098 209 S 1st StOdessaMO 64076 = PT LOTS 19 & 20 BLK 14 ORIGINAL TOWN ODESSA; 638-317684-525974-7612018DR19142018DR21692022DR0098 307 S 2nd StOdessaMO 64076 = LOT 1 BLK 3 PATTERSON & SMITHS ADDN; 641-695642-703686-7321125-3382010DR34292016DR37842017DR40732018DR19142018DR21702022DR009814-7.0-36-4-002-069.000
  • Utilities: Master MetersSeparate Meters
  • Water: City/Public - Verify
  • Sewer: Public Sewer
  • Source: hmls

This listing courtesy of Michelle Lutz, Lutz Sales + Investments

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McQuerry Elementary School

607 S 3rd St, Odessa, MO, 64076

Grades PK-2

0.88 miles away

O

Odessa Middle School

607 S 5th St, Odessa, MO, 64076

Grades 6-8

0.99 miles away

O

Odessa High School

713 S 3rd St, Odessa, MO, 64076

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.