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Five-Unit Apartment Building
For Sale
$325,000

17614 Elwood Junction Road, Neosho, MO 64850

MULTI_FAMILY - Neosho, MO

Property Size3,250 SF
Lot Size0.47 Acres
Price / SF$100
Days on Market71

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 5, Bathroom 3, Bathroom 4, Bathroom 2
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 Central, Electric (Heating), Other (Heating)
Cooling system Central Air, Wall Unit(s)

Building Details

Year built 1967
Floors in Building 2
Number of units 5
Flooring type Carpet, Vinyl
Roof type Metal
Listing Agency: SHOW-ME REAL ESTATE
Listed By: Liz Summitt · License #2003032122
Added: May 26 Changed: Aug 2 Last Checked: Aug 4 at 6:06AM
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 five-unit apartment complex offers six total utility meters, with electric metered separately for each unit plus one well unit. Landlord pays water and trash on all units, and the current configuration includes three units set up on HUD payments. All units are currently rented. The unit mix consists of one 3-bedroom unit (Unit 4) and the remaining units as 1-bedroom, 1-bath layouts.

Located east of Neosho down a dead end road near Hwy 59 for commuting convenience. The property sits on a lot that is nearly half an acre (0.47 acres), and was built in 1967. Interior finishes include carpet and vinyl flooring.

Heating is provided via central and electric systems, with additional heating noted as “other,” and cooling includes central air and wall units. The roof is metal. The combined building area is listed as 3,250 square feet.

Key Highlights

  • 0.47‑acre lot for a five‑unit apartment complex
  • Six utility meters: separately metered electric plus well unit
  • All units currently rented; three units set up on HUD payments

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

8
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

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 - Five residential units on 0.47 acres with separately metered electric and a well unit; all units are currently rented.
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: 0.47‑acre lot for a five‑unit apartment complex; Six utility meters: separately metered electric plus well unit; All units currently rented; three units set up on HUD payments
More about this property
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