4-Unit Quadplex with
302 N 4th Street, Odessa, MO 64076
For Sale
New
$425,000
Residential Income, Odessa, MO
Property Size3,312 SF
Lot Size0.16 Acres
Price / SF$128.32
Days on Market2
Property Features for 302 N 4th Street
General Information
Property type
Property subtype
Property condition
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private upper-level entry decks
fenced trash enclosure
off-street parking
in-unit laundry hookups
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty LLC
(913) 451-6767
Listed By:
Gregory Mccord
(816) 878-5123
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 2651548
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains four matching apartments, each with 2 bedrooms, 1 bathroom, and 828 square feet, for 3,312 square feet overall. Interior features include open-plan living areas, LVP flooring, white shaker cabinets, granite-look counters, full kitchen appliances, walk-in primary closets, and laundry hookups. The building is all-electric, with separate utility meters and HVAC condensers. Upper-level entry decks serve the units, and the site covers 0.161 acres.
The property is at 302 N 4th Street in Odessa, within the Odessa R-VII School District. I-70 access is noted as a route toward the Kansas City metro area. Public water and sewer serve the property.
The property is at 302 N 4th Street in Odessa, within the Odessa R-VII School District. I-70 access is noted as a route toward the Kansas City metro area. Public water and sewer serve the property.
Key Highlights
- Four apartments, each with 2 bedrooms, 1 bathroom, and 828 square feet; 3,312 square feet total
- All‑electric building with individual utility meters and separate HVAC condensers
- Apartment interiors include LVP flooring, full kitchen appliances, walk‑in primary closets, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,241
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
$704.8K
Cap Rate 7%
$503,443
$503.4K
Cap Rate 9%
$391,567
$391.6K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$53.7K $16.20/SF
− Vacancy
−$3.3K −$1.00/SF
EGI
$50.3K $15.20/SF
− OpEx
−$15.1K −$4.56/SF
NOI
$35.2K $10.64/SF
Area
Lafayette County, MO
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
Cap Rate 7%
$503,443
Cap Rate 9%
$391,567
Alternative Uses
Best Use
Multifamily LT 5
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 7.21%
Theoretical Best
Specialty Retail
$809.1K
$707.9K – $943.9K
NOI $56,635 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has two bedrooms, one bath, and hookups for an in-unit washer and dryer.
Where is this quadplex located?
The property is located at 302 N 4th Street Odessa, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms, 1 bathroom, and 828 square feet; 3,312 square feet total; All‑electric building with individual utility meters and separate HVAC condensers; Apartment interiors include LVP flooring, full kitchen appliances, walk‑in primary closets, and laundry hookups
