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Fourplex With Private Garages
For Sale
$749,900
Pending

3508 Ne Independence Ave, Lees Summit, MO 64064

Four residential units feature private garages, with property management already in place and willing to continue.

Property SizeContact for details
Days on Market11

Property Features for 3508 Ne Independence Ave

General Information

Standard status Pending
Property subtype Residential Income

Units

Unit Mix 2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units 4

Additional Details

Gross Income $69,000

Taxes and HOA fees

Annual Taxes $6,089

Amenities

private garages

Building Details

Buildings 1
Listing Agency: Cascade Financial Investments
Listed By: Nate Watermeier
Source: Exprealty
Added: Aug 1 Changed: Aug 10 Last Checked: Aug 11 at 10:13AM

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 Cascade Financial Investments

Investment Insights

Based on property information with market context.

This fourplex at 3508 NE Independence Ave in Lee's Summit, Missouri, contains four residential units with a defined two-bedroom and three-bedroom mix. Two units have 3 bedrooms and 2 baths each, while the remaining two offer 2 bedrooms and 2 baths each. Every unit includes a private garage.

Property management is currently in place and willing to continue, providing an existing management arrangement for the property. The building is not subject to an HOA. An expansive park with a shelter, children's jungle gym, and frisbee golf course is located directly outside the property, adding recreational amenities immediately adjacent to the residences.

Key Highlights

  • Fourplex with two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
  • Private garage included with every unit
  • Property management is already in place and willing to continue

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store Food Market

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Demographics for 64064, MO

19,717
Population
7,870
Households
2.5
Avg Household Size
41
Median Age
53%
College-Educated
98%
High-School Grad
19.0 sq mi
ZIP Area
1,038
Density / Sq Mi
$120,341
Median Household Income
$62,190
Median Earnings
$1,416
Median Rent
$375,800
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?
Quadplex - Four residential units feature private garages, with property management already in place and willing to continue.
Where is this quadplex located?
The property is located at 3508 Ne Independence Ave Lees Summit, MO.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Fourplex with two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; Private garage included with every unit; Property management is already in place and willing to continue
More about this property
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