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5-Unit Apartment Building
For Sale
$325,000

17614 Elwood Junction Road, Neosho, MO 64850

Residential Income, Neosho, MO

Property SizeContact for details
Lot Size0.47 Acres
Days on Market144

Property Features for 17614 Elwood Junction Road

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Newton-Not in List
Elementary school Central
Middle school Neosho
High school Neosho
Directions Hwy 59 and business hwy 60, west to Elwood Junction, north to property on left
Standard status Active
APN 15-2.0-09-000-000-006.000
Lot size 0.47 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Pt Nw1/4 Ne1/4 Beg 774' W E Ln Nw1/4 Ne1/4 N 150' E 70' S To Rd Rw Sw To Pob & Beg 774' W E Ln Nw1/4 Ne1/4 N 150' W 50' S To Rd Rw Ne1/4 To Pob
Tax Annual Amount 1234
Legal Description Pt Nw1/4 Ne1/4 Beg 774' W E Ln Nw1/4 Ne1/4 N 150' E 70' S To Rd Rw Sw To Pob & Beg 774' W E Ln Nw1/4 Ne1/4 N 150' W 50' S To Rd Rw Ne1/4 To Pob

Utilities

Heating system Central, Space Heater
Cooling system Central Air
Water source Well

Building Details

Year built 1967
Number of units 5
Building materials Frame
Roof type Metal
Listing Agency: Show-Me Real Estate
Listed By: Liz Summitt · License #2003032122
Added: May 26 Changed: Sep 16 Last Checked: Oct 16 at 8:06AM
MLS# 60324748

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This five-unit apartment property was built in 1967 and includes one three-bedroom unit alongside four one-bedroom, one-bath units. All units are currently rented, with three participating in HUD payments. Electric service is separately metered for each apartment and the well unit, while the landlord pays water and trash expenses. The property has a metal roof, central air, central heating, and space-heater systems.

Set on 0.47 acres down a dead-end road outside Neosho, the complex offers access near Hwy 59. Water is supplied by a well, and the frame construction supports the existing apartment configuration.

Key Highlights

  • Five‑unit apartment complex with all units currently rented
  • Unit mix includes one 3 BD unit and four 1BD 1BA units
  • 3 units set up on HUD payments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pet Store Pet Store & Service Department Store

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

5
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 64850, MO

24,586
Population
10,004
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
203.3 sq mi
ZIP Area
121
Density / Sq Mi
$60,945
Median Household Income
$35,610
Median Earnings
$762
Median Rent
$161,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit property with a varied unit mix, separate electric metering, and current occupancy.
Where is this apartment building located?
The property is located at 17614 Elwood Junction Road Neosho, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Five‑unit apartment complex with all units currently rented; Unit mix includes one 3 BD unit and four 1BD 1BA units; 3 units set up on HUD payments
More about this property
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