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Multifamily Building with Month-to-Month Units
For Sale
$550,000
Pending

215 W Montgomery Street, Odessa, MO 64076

MULTI_FAMILY - Odessa, MO

Property SizeContact for details
Lot Size0.39 Acres
Days on Market48

Property Features for 215 W Montgomery Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R3
Bathrooms 1
Full bathrooms 1
Rooms Basement, Bathroom 1
Parking 12
Elementary school Odessa
Middle school Odessa
High school Odessa
Elementary school district Odessa
Middle school district Odessa
High school district Odessa
Directions Take I-70 Odessa exit. Travel east on Old 40hwy. Turn south on 4th St then turn east on Montgomery. Apartment will be on north side of street.
Subdivision 210 - Lafayette County, Mo
Standard status Pending
APN 14-7.0-36-3-001-024.010
Lot size 0.39 Acres

Taxes and HOA fees

Tax Description LOT 2 HANEY MINOR PLAT; 811-414, 936-713, 945-1029, 1122-151, 2024DR1307
Tax Annual Amount 3773
Legal Description LOT 2 HANEY MINOR PLAT; 811-414, 936-713, 945-1029, 1122-151, 2024DR1307

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Year built 2003
Floors in Building 2
Number of units 6
Building materials Concrete, Vinyl Siding
Roof type Composition
Listing Agency: EXP Realty LLC
Listed By: Gregory Mccord · License #2026016425
Added: Jun 25 Changed: Jul 30 Last Checked: Aug 11 at 7:06PM
MLS# 2628323

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This for-sale multifamily property contains 6 total units in a functional 2-bedroom, 1-bath configuration. The building was constructed in 2003 and features durable frame construction with a low-maintenance exterior. Tenant utility responsibility is supported through individually metered services for all units, and there is a dedicated surface parking lot on site.

Located in Odessa, Missouri, the property is described as centrally located just off 2nd Street within Lafayette County. Zoning is listed as R3. The listing notes that units are currently rented on a month-to-month basis, with active occupancy at the time of listing.

For tenants, investors, or owner-operators, the month-to-month rental structure may allow for more flexible in-place management compared to fixed-term leases, while still providing immediate income because the units are actively rented. The showing process is restricted out of respect for long-term tenant privacy: occupied units are not accessible for initial walk-throughs, and showings are scheduled for a single unit only. Full inspection of the remaining units is intended to be accommodated after an accepted contract.

Key Highlights

  • 6‑unit multifamily building built in 2003 with 12 bedrooms and 6 bathrooms (2‑bed, 1‑bath floor plans).
  • All units are currently rented on a month‑to‑month basis at $750/month each for steady income.
  • Tenant‑paid utilities with separate meters for all units; water source is public and sewer is public sewer.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

388
Businesses Nearby

Demographics for 64076, MO

9,863
Population
3,752
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
94%
High-School Grad
124.3 sq mi
ZIP Area
79
Density / Sq Mi
$81,058
Median Household Income
$43,002
Median Earnings
$961
Median Rent
$226,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily built in 2003, individually metered and tenant-paid utilities with month-to-month occupancy.
Where is this apartment building located?
The property is located at 215 W Montgomery Street Odessa, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 2003 with 12 bedrooms and 6 bathrooms (2‑bed, 1‑bath floor plans).; All units are currently rented on a month‑to‑month basis at $750/month each for steady income.; Tenant‑paid utilities with separate meters for all units; water source is public and sewer is public sewer.
More about this property
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