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    1020 NE Lindsay Ave Lees Summit, MO 64086

    Pending
    For Sale
    $585,000

    Quadruplex - Lee's Summit, MO

    Type:Quadruplex
    Lot size:
    0.33 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 1020 NE Lindsay Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Pending
    Zoning
    res
    APN
    52-840-01-30-00-0-00-000
    Parking
    4
    Parking features
    Garage, Off Street
    Exterior features
    Balcony
    Appliances
    Dishwasher, Refrigerator, Washer
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    4
    Building materials
    Board & Batten Siding
    Roof type
    Composition
    Architectural style
    Other

    Reece & Nichols Realtors, INc (816) 524-7272 [email protected]

    Listing agent Kevin Foster (816) 524-7272 License #1999031200

    Listing date Nov 18, 2025

    MLS# 2587728 Listing URL

    Copyright © 2025 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lee's Summit Quadruplex For Sale

    This multifamily fourplex, constructed in 1988, offers 3,512 square feet of living space across all units. The building features a two-up, two-down layout. Each unit includes two bedrooms and one full bathroom, along with a private garage space and additional off-street parking in the driveway. Located in a quiet residential area of Lee’s Summit, the property is conveniently close to NE Chipman Rd and NE Douglas St, providing easy access to shopping, dining, and I-470. Two new decks were added in 2024. A complete new HVAC system was installed in Unit D in November of 2025. A new water heater was installed in Unit A in 2023. Most units are equipped with newer refrigerators, stoves, and dishwashers, and if not, they are still functioning properly. Unit A has a long-term tenant and was recently fully painted. Units B, C, and D have been completely remodeled over the last few years at turnovers. Unit D features new kitchen cabinets, while Units D and C have new bath vanities. Unit C had brand new carpet installed prior to the current tenant, and Unit D has luxury vinyl flooring throughout, installed within the last few years. One unit is vacating at the end of the year, presenting an opportunity for rent improvement. With one vacant unit, a buyer could occupy one unit and rent out the remaining units. The property is currently managed by a local property management company that can transition to the new owner; alternatively, the buyer can self-manage or switch to a different manager. The property is zoned for residential use and sits on a 0.3287-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.356774
    Latitude
    38.929588

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with recent updates and potential for increased rents.
    Where is this quadplex located?
    The property is located at 1020 NE Lindsay Ave Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Opportunity for owner-occupancy with one unit potentially vacant at the end of the year, allowing buyer to live in one unit and rent out the others.; - Remodeled units B, C, and D feature upgrades like new kitchen cabinets (Unit D), and bath vanities (Units C & D). New flooring includes carpet in Unit C, and LVP in Unit D.; - New HVAC system in Unit D (November 2025) and new water heater in Unit A (2023), reducing potential maintenance costs.
    (816) 524-7272
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    1020 NE Lindsay Ave Lees Summit, MO 64086
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    Lees Summit, MO 64086
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 NE Lindsay Ave Lees Summit, MO 64086
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