Building Details

Year Built 1920

Listing Agency: Show Phone

Listed By: Jackie Brower Show Phone

Source: Milneragency.idxbroker

Added: Aug 30 Changed: Aug 31 Last Checked: Aug 31 at 12:42PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jackie Brower

Investment Insights

Based on property information with market context.

Located at 230 Pickering Street in Montgomery City, Missouri, this 6000+ sq ft, 3 story brick multifamily building was refurbished in 2013 and configured with 4 apartments. The units are 2 bedroom apartments that are currently rented. The lower level provides additional space for a future design, while the property’s improvements include vinyl windows, updated plumbing and electrical systems, high-efficiency HVAC heat pump systems, hard-surface flooring in some areas, wood cabinetry, and appliances.

A duplex is positioned behind the apartment building, with one side unfinished. The property sits on six lots and includes a lower-level area with room for further buildout. The roof was coated in 2022, and the original structure dates to 1920.

Key Highlights

• 6000+ sq ft, 3 story brick building refurbished into 4 apartments in 2013
• Four 2 bedroom apartments are currently rented
• Lower level offers additional space for a future buildout or design

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply HVAC Service Law Firm Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

241

Businesses Nearby

Explore this area Business Placement

Demographics for 63361, MO

4,334

Population

2,253

Households

1.9

Avg Household Size

43

Median Age

22%

College-Educated

91%

High-School Grad

161.0 sq mi

ZIP Area

27

Density / Sq Mi

$54,091

Median Household Income

$39,806

Median Earnings

$724

Median Rent

$180,000

Median Home Value

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?

Multifamily property - Refurbished apartment building with current rental occupancy and additional lower-level space.

Where is this multifamily property located?

The property is located at 230 Pickering Street Montgomery City, MO.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 6000+ sq ft, 3 story brick building refurbished into 4 apartments in 2013; Four 2 bedroom apartments are currently rented; Lower level offers additional space for a future buildout or design