Excelsior, MO Multi-Family Properties for Sale

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Newest Excelsior, MO Multi-Family Homes for Sale

$535,000

What an incredible opportunity to own an income-producing property in thriving downtown Excelsior Springs, Missouri. This historic property offers it all. The upstairs features three apartments with tall ceilings, beautiful woodwork, real oak floors and loads of character-ready to rent or use as an Airbnb. The main level of 110-112 Broadway offers a large showroom, private bath, multiple offices, a laundry area and kitchenette. Additionally, 114 Broadway features a gorgeous retail space occupied by a longtime tenet. Above the retail space is an unfinished loft space overlooking downtown Excelsior Springs. Bring your imagination and finish the loft space into your personal vision!

110-114 E Broadway Avenue, Excelsior Springs

Listing courtesy of Conrad Mays of RE/MAX Advantage.

$170,000

Turnkey income property, ready to add to your portfolio today. This duplex offers two nearly identical units, each with 2 bedrooms, 1 bathroom, and its own dedicated laundry. Basement access for storage — a feature tenants value and one that helps minimize turnover. Both units are currently occupied with active leases in place, delivering immediate cash flow from day one with no vacancy gap to manage. Built in 1920 on a 0.19-acre lot, this is a low-maintenance hold in a steady Excelsior Springs rental market. Whether you're expanding an existing portfolio or looking for a straightforward first multi-family acquisition, this property offers dependable income with minimal landlord lift. Financials and lease details available to qualified buyers.

701 Old Orchard Avenue, Excelsior Springs

Listing courtesy of Cora Boothe of Beacon Realty, LLC.

$199,900

A smart buy-and-hold in the heart of Excelsior Springs, this four-plex offers dependable cash flow and low turnover, supported by three long-term residents who take pride in their homes. The fourth unit is vacant, freshly updated, and move-in ready - ideal for a house-hacker looking to live affordably while building equity, or for an investor wanting immediate new tenancy. Each unit features a clean one-bedroom layout with durable flooring, efficient kitchens, and bright natural light, making ongoing maintenance simple and cost-effective. Located near Excelsior Springs' historic downtown district - with charming shops, cafes, parks, and local employers - the property sits in a market known for consistent rental demand and a relaxed small-town feel with convenient access to the KC metro. Separate electric meters for each unit and common water, sewer, and gas. Large 2 car garage on the big lot ready for finish for additional rents or owner storage. A strong blend of stability, affordability, and upside whether you're expanding a portfolio or stepping into multifamily ownership for the first time.

115 Saratoga Avenue, Excelsior Springs

Listing courtesy of Micah Thomas of Standard Real Estate.

$999,000

Divine Property Management, LLC presents a 6-property residential investment portfolio totaling 8 rental units located throughout Excelsior Springs and Kansas City, Missouri. Offered as a PACKAGE SALE ONLY at $999,000, the portfolio consists of five single-family rental properties plus one triplex. Properties include 51 N Emerson St, Kansas City; 236 Valley St, Excelsior Springs; 1123 St Louis Ave, Excelsior Springs; 1125 St Louis Ave, Excelsior Springs; 1249 St Louis Ave, Excelsior Springs; and 106 Saratoga Ave, Excelsior Springs, a 3-unit property. The portfolio is currently 100% occupied across all 8 rental units and generates $8,525 in current scheduled monthly revenue, or $102,300 annually, based upon current contractual base rents plus recurring monthly pet fees. Seller-supplied annual operating expenses reflected in the portfolio analysis include property taxes of $6,318.40 and insurance of $7,097.00, totaling $13,415.40 and producing a simplified NOI of approximately $88,884.60. At the $999,000 offering price, this equates to an approximate 8.90% simplified going-in capitalization rate based upon the supplied tax and insurance expenses. 106 Saratoga participates in the Excelsior Springs Chapter 353 Tax Abatement District and includes seller-owned coin-operated laundry equipment providing supplemental income not included in the scheduled rental revenue stated above. Portfolio is owner-managed with no third-party property management currently in place. This offering provides investors an opportunity to acquire 8 occupied residential rental units through one coordinated acquisition. Comprehensive portfolio memorandum, lease information, tax, insurance, utility/appliance and seller due-diligence disclosures are available for qualified investor review. Buyer to independently verify all financial, property, lease and operating information during contractual due diligence.

106 SARATOGA Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.

$221,400

Step into one of Downtown Excelsior Springs’ most recognizable landmarks—home to a Grill, a beloved local restaurant and anchor tenant for more than 20 years. This two-story brick beauty pairs historic character with modern function, featuring a richly preserved pressed-tin ceiling, exposed brick, hardwood floors, and large storefront windows overlooking the walkable downtown corridor. The main level offers roughly 2,700 sq ft of elegant dining space with a full bar, dual restrooms, commercial kitchen, and basement storage. The upper floor, currently unfinished, provides exceptional potential for future loft conversions, office suites, or event-style expansion. The Grill occupies the ground floor under a long-standing lease—real-estate sale only; restaurant equipment and furnishings are tenant-owned—creating a turnkey income property with enduring stability in Excelsior Springs’ revitalized historic district, just steps from the Elms Hotel & Spa. Ideal for investors seeking steady rental income, or for visionary buyers who value heritage architecture and downtown growth momentum.

117 W Broadway Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.

$550,000

Owner Financing available! Seller is open to financing for a qualified buyer with solid business plan. The list price is for real estate only and is priced $20k below 2025 appraisal. Real Estate is in very good condition. This unique commercial property offers two adjoining storefronts that have been seamlessly combined into one larger space — yet still retain individual street-facing entrances. The layout is ideal for an owner wanting to operate complementary businesses under one roof — such as a coffee shop and bakery, boutique and salon, or restaurant with event space. Existing interior dividers allow for flexible separation or open flow between the two areas, providing endless options for use and expansion. Exceptional visibility from the highway in the heart of Excelsior Springs' Historic District. Just a short stroll from the Elms Hotel & Spa, operated under Hyatt's Destination by Hyatt collection. Serious inquiries only – contact us today!

451 S Thompson Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.

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