Parkville, MO Real Estate Search

Parkville, MO Multi-Family Properties for Sale

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Newest Parkville, MO Multi-Family Homes for Sale

$895,000
This cash cow set of 4 contiguous duplexes totals eight 2BR/1BA units in a strong Raytown location with suburban schools, tree-lined streets, and easy access to 350 Hwy, Kansas City, Independence, Lee’s Summit, Blue Springs, shopping, restaurants, jobs, and daily conveniences. Each tenant has a private exterior entry, creating a true “home” feel, and the property offers plenty of off-street parking, washer/dryer hookups inside every unit, central heating and cooling, and separate gas, electric, and water/sewer meters for each unit. This is truly a pretty dang easy-to-understand investment property: tenants pay water/sewer, electric, and gas, with the owner currently responsible only for trash and lawn. A future owner may also have the ability to bill back certain expenses with new leases, depending on their management strategy. Significant improvements have already been completed, including updated paint schemes, many new windows, sewer replacement, foundation improvements, attic insulation to R-49, newer mechanicals in select units, and more. One duplex also includes attached garages for each side. All four duplexes are on separate parcels, creating an excellent long-term exit strategy for a future owner. Great in-place rents with room to grow, very low regular owner expenses, substantial CapEx already invested, and a quiet cul-de-sac setting make this a compelling Raytown multifamily opportunity.

5941 Raytown Road, Raytown

Listing courtesy of Alex Olson of Legendary Apartment Brokers.

$425,000
Welcome to Hunters Lodge Suites C & D, an exceptional, fully operational turnkey investment opportunity in Burlington, KS. This premier short-term rental features two separate income-producing units with private entrances and is being offered completely furnished—including all furniture, decor, appliances, and operational essentials—allowing you to generate immediate income. The property consists of a spacious 3-bedroom, 1.5-bath suite and a separate 1-bedroom studio suite, offering the ultimate flexibility to rent both units simultaneously, live in one while leasing the other, or accommodate diverse guest needs. Completely renovated into a lodge-inspired retreat, this property has earned Airbnb's "Guest Favorite" designation and outstanding reviews. Located near John Redmond Reservoir, the property enjoys consistent year-round demand driven by trophy whitetail, turkey, and waterfowl hunting, as well as boating, camping, and premier catfish fishing. It is perfectly suited for outdoor enthusiast groups, family gatherings, and business travelers. An additional competitive advantage is its proximity to the Wolf Creek Generating Station. Scheduled refueling and maintenance outages bring hundreds of contractors to the area annually, creating strong demand for extended-stay lodging. Opportunities like this are rare. With two distinct units, multiple revenue streams, an established reputation, and a proven turnkey operation, this is one of Coffey County's most distinctive hospitality properties.

116 N 3rd Street, Burlington

Listing courtesy of Alex Wilkins of Crown Realty.

$115,000
Some properties come with a history. Others come with possibilities. This one comes with both. Situated on approximately 5.5 acres along one of Independence's busiest corridors, this commercial property has been part of the community for decades. Many know it as the former Townsman Motel. Now it's ready for someone with a vision to write its next chapter. The existing buildings create an excellent foundation for a wide variety of commercial ventures. Investors could renovate the property into a boutique motel or extended-stay lodging for traveling professionals, contractors, or visitors to Southeast Kansas. The layout also lends itself well to workforce housing, transitional housing, or group living with the proper approvals. Looking for something different? The individual buildings could be repurposed into climate-controlled storage units, contractor shops, business storage, or warehouse space. Entrepreneurs may envision office suites, coworking space, medical or professional offices, a training center, nonprofit headquarters, or even a mixed-use commercial development. The 5.5-acre setting also provides room to expand. Additional land could accommodate RV or boat storage, new commercial buildings, outdoor event space, recreational amenities, or future development. Add in access to the Verdigris River, and you've got a property with features that are rarely available in one package. Whether your plans involve restoring, renovating, expanding, or completely reimagining the property, this is an investment that offers room to grow and countless opportunities for the future.

1112 E Main Street, Independence

Listing courtesy of Kristina Fulk of L2 Realty, Inc..

$550,000
House hacking doesn't get much better than this. This beautifully maintained duplex offers the rare chance to dramatically offset your monthly housing costs while owning one of Midtown's most charming historic properties. Live in one unit, rent the other, and enjoy the added flexibility of a bonus income-producing guest studio that has successfully operated as a furnished mid-term rental accepting 30+ day stays. The main-level residence features a spacious 1-bedroom, 1-bath layout highlighted by original hardwood floors, oversized windows, a stunning bay-window dining room, and beautifully preserved woodwork. Upstairs, the second residence spans the second and third floors, providing 3 bedrooms, 1 bathroom, generous living space, and timeless architectural character throughout. The lower-level guest studio includes a private entrance and full bathroom, creating even more flexibility for furnished mid-term rentals, extended guests, a home office, or supplemental income. Offered fully furnished, the next owner can continue the successful mid-term rental model from day one. Recent improvements include a roof approximately four years old, newer HVAC systems, a recently replaced furnace serving one unit, replacement windows, and smart locks throughout. The property currently generates $5,660 per month in gross rental income. Located just moments from the vibrant 39th Street corridor, you'll enjoy easy access to restaurants, bars, coffee shops, KU Medical, Downtown, and the Country Club Plaza. Whether you're looking to significantly reduce your monthly housing expense through house hacking or add a proven furnished mid-term rental to your portfolio, opportunities like this are exceptionally rare.

831 W 39th Terrace, Kansas City

Listing courtesy of Micah Thomas of Standard Real Estate.

$485,000
Own a remarkable piece of local history with exceptional income potential at 2120 Faraon Street. Originally constructed as a grand private residence and once owned by a prominent local business leader, this impressive mansion was converted into apartments in 1930 and continues to showcase the character and craftsmanship of a bygone era. Today, the three-story property offers nine separately metered apartments, including one studio unit, making it an outstanding investment opportunity. Tenants and guests are welcomed by a large covered front porch and beautiful vintage common areas filled with historic charm and architectural detail. Two occupied units provide immediate rental income, while three fully furnished apartments are fully stocked and ready for short-term or long-term renters. Four additional units are ready for a new owner's finishing touches, creating significant value-add potential. The building is served by a central gas heating system and central water heater, while the basement offers ample storage space and potential for shared laundry facilities. With multiple revenue streams and room for growth, this unique property combines historic appeal with strong investment fundamentals. Once fully occupied and leased, the property has the potential to generate in excess of $7,000 per month in gross rental income. Whether you're seeking a distinctive addition to your portfolio or an opportunity to restore and maximize a local landmark, 2120 Faraon Street offers character, history, and income potential that are increasingly difficult to find.

2120 Faraon Street, St Joseph

Listing courtesy of Joshua Johnson of BHHS Stein & Summers Real Estate.

$259,000
PRICE DROP! $405,000 income approach valuation based on recent appraisal! Mission Rd location. It is hard to find a building like this delivered in a strong, high-demand rental corridor, giving the next owner a true open-canvas opportunity to complete each unit to their desire. The property offers two 1-bedroom 1-bath units and one 2-bedroom 1-bath unit, but these are not traditional layouts. Several units include bonus rooms, office area, additional living space, and other usable spaces that create far more flexibility than the bedroom count may suggest. Significant improvements have already been completed, including new roofs, siding, windows, AC units, furnace, water heaters, caulk, paint, and central heating/cooling. The property is stubbed for plumbing and electrical, with hardwood floors and tile already in place in several areas. No regular owner-paid utilities, with tenants intended to pay water/sewer, electric, gas, and trash. Off-street parking with its own driveway. Fantastic location just blocks from Johnson County, KU Med, Joe’s KC, 43rd Street, State Line, and minutes from the Country Club Plaza, Downtown KC, and Overland Park. Rosedale continues to be one of the strongest urban-core rental submarkets in Kansas City, surrounded by owner-occupied homes, new apartment construction, restaurants, and major employment. The sky is the limit for what this property could become, whether finished as traditional long-term rentals, mid-term rentals, or another rental strategy. Once completed, this property has the potential to be more passive than many buyers may expect, with no regular owner-paid utilities, a tiny yard, new roofs, updated exteriors, newer windows, and major systems already addressed. Those improvements limit the likelihood of large repair and replacement expenses after renovation is complete. Self-manage for maximum return potential or place with professional management for a more hands-off approach. Buyer to complete unit permits post-closing.

4423 Mission Road, Kansas City

Listing courtesy of Alex Olson of Legendary Apartment Brokers.

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