Turnkey Multifamily Investment
For Sale
$475,000
310 E Franklin Street, Clinton, MO 64507
MULTI_FAMILY - Clinton, MO
Property SizeContact for details
Lot Size0.38 Acres
Days on Market147
Property Features for 310 E Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-3
Rooms
Basement
Parking
8
Parking features
Off Street, Assigned
Subdivision
Allens Addition
Elementary school district
Clinton
Middle school district
Clinton
High school district
Clinton
Directions
From Highway 13 in Clinton, take the exit toward Business 13/N 2nd Street and head south toward downtown, continue straight for approximately 1 mile, then turn left onto E Franklin Street and follow it east for a few blocks to 310 E Franklin St, which will be on your left.
Standard status
Active
APN
18-1.0-02-003-021-003.000
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
DAVIS ADDITION--LT. 33 EXC E 25'
Tax Annual Amount
3047
Legal Description
DAVIS ADDITION--LT. 33 EXC E 25'
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
onsite laundry
Building Details
Year built
1965
Floors in Building
2
Number of units
6
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
KW KANSAS CITY METRO · Keller Williams Realty
(913) 825-7500
Listed By:
Serena Bales · License #1744671
(913) 912-9350
Added: Mar 19
Changed: Jul 28
Last Checked: Aug 12 at 9:06AM
MLS# 2608181
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.
Investment Insights
Based on property information with market context.
This is a six-unit multifamily property located in Clinton, MO. It currently generates $4,375 per month. There is potential to increase income to $5,075 per month by completing a partially finished seventh unit in the basement. The basement unit is already framed and includes new plumbing, electrical, and an egress window. The estimated cost to complete the basement unit is $20,000. The unit mix includes four 2-bedroom and two 1-bedroom units. Tenants are responsible for paying electric and gas. Each unit features its own furnace and rooftop AC. Onsite laundry is available with two washers and three dryers. The property has a TPO roof that is approximately two years old and updated plumbing in the lower level. An additional commercial lot is included, offering the potential to build 4-6 more units for future expansion. The property is conveniently located minutes from Golden Valley Memorial Healthcare and has quick access to Highway 7 and Highway 13. It is near local employers, shopping, and downtown Clinton. The property is zoned R-3 and sits on a lot of 0.382 acres.
Key Highlights
- 6‑unit multifamily property built in 1965 with 4 two‑bedroom units and 2 one‑bedroom units
- Current rent is $4,375/month with pro forma potential of $5,075/month after completion of a partially finished 7th basement unit
- Basement level has a framed 7th unit with new plumbing, electrical, and an egress window (estimated ~$20K to complete)
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 64507, MO
14,133
Population
6,017
Households
2.3
Avg Household Size
34
Median Age
23%
College-Educated
91%
High-School Grad
55.8 sq mi
ZIP Area
253
Density / Sq Mi
$63,014
Median Household Income
$35,058
Median Earnings
$890
Median Rent
$134,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property in Clinton, MO with expansion potential.
Where is this apartment building located?
The property is located at 310 E Franklin Street Clinton, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1965 with 4 two‑bedroom units and 2 one‑bedroom units; Current rent is $4,375/month with pro forma potential of $5,075/month after completion of a partially finished 7th basement unit; Basement level has a framed 7th unit with new plumbing, electrical, and an egress window (estimated ~$20K to complete)
