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5-Unit Apartment Building
For Sale
$325,000

17614 Elwood Junction Road, Neosho, MO 64850

MultiFamily, Neosho, MO

Property Size3,250 SF
Lot Size0.47 Acres
Price / SF$100
Days on Market111

Property Features for 17614 Elwood Junction Road

General Information

Property type Residential Multi Family
Property subtype Apartment
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 4, Bathroom 3
Elementary school Central
Middle school Neosho
Elementary school district Neosho
Middle school district Neosho
High school district Neosho
Directions Hwy 59 and Bus Hwy 60 intersection, west to Elwood Junction Rd, north to property on left.
Subdivision 37 -Diamond/Neosho Area
Standard status Active
APN 15-2.0-09-000-000-006.000
Size 3,250 SF
Lot size 0.47 Acres

Taxes and HOA fees

Tax Annual Amount 1234

Utilities

Heating system Electric (Heating), Central, Other (Heating)
Cooling system Central Air, Wall Unit(s)

Building Details

Year built 1967
Floors in Building 2
Number of units 5
Flooring type Vinyl, Carpet
Roof type Metal
Listing Agency: SHOW-ME REAL ESTATE
Listed By: Liz Summitt · License #2003032122
Added: May 26 Changed: Sep 13 Last Checked: Sep 13 at 7:06PM
MLS# 262824

Copyright © 2026 Ozark Gateway Association of Realtors. 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 5-unit apartment property contains 3,250 square feet on approximately 0.47 acres and was built in 1967. Unit 4 offers three bedrooms, while the remaining four units each include one bedroom and one bathroom. Interior finishes include carpet and vinyl, with a combination of central and wall-unit cooling and electric heating. The roof is metal.

The property sits on a dead-end road east of Neosho, near Hwy 59. Electric service is separately metered for the units, while the landlord covers water and trash. Three units use HUD payments, and all five units are currently rented. The property also includes a well unit, with six total electric meters noted in the property information.

Key Highlights

  • 5‑unit apartment property with all units currently rented
  • 3,250 square feet on 0.47 acres; built in 1967
  • Unit 4 has 3 bedrooms; the other 4 units are 1BD/1BA

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Fully occupied apartment property with separately metered electric service and a mix of one- and three-bedroom units.
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: 5‑unit apartment property with all units currently rented; 3,250 square feet on 0.47 acres; built in 1967; Unit 4 has 3 bedrooms; the other 4 units are 1BD/1BA
More about this property
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