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0 Baths

N/A

200 E Otway Street, Odessa MO, 64076

Price per sqftN/A
Built in1984
Property typeMulti-family
Courtesy of Lutz Sales + Investments, Michelle Lutz Listing Contact: 913-426-5576

Overview

Sold

Listed Oct 13, 2025

Updated 12h ago

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.

Additional information

MLS® ID
2578809

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.14 Acres

Other Property Details

55+/Senior Community
No
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Listings courtesy of Heartland MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lynn Papenbrok shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 9:52 AM UTC on 10/30/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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