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Five-Unit Apartment Portfolio
For Sale
$1,060,000

403 406&408 412&414 SW Joy Court, Blue Springs, MO 64014

Residential Income, Blue Springs, MO

Property SizeContact for details
Lot Size0.26 Acres
Days on Market8

Property Features for 403 406&408 412&414 SW Joy Court

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1
Parking 5
Parking features Covered
Exterior features Private Entrance
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Subdivision Sandstone Place
High school Blue Springs South
Elementary school district Blue Springs
Middle school district Blue Springs
High school district Blue Springs
Directions South on 7 Highway in Blue Springs to Keystone Drive, East to SW Joy Court, Left to Properties
Standard status Active
APN 41-330-01-25-00-0-00-000
Lot size 0.26 Acres

Taxes and HOA fees

Tax Description Sandstone Place 1st Plat
Tax Annual Amount 10454
Legal Description Sandstone Place 1st Plat

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric
Water source Public

Building Details

Year built 1995
Number of units 5
Building materials Board & Batten Siding
Roof type Composition
Listing Agency: Realty Executives · Realty Executives International
Listed By: Kalene Bagwell · License #1999138493
Added: Sep 9 Changed: Sep 16 Last Checked: Sep 16 at 6:06AM
MLS# 2641622

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 five-unit residential portfolio comprises two duplexes and one half-duplex located on the same cul-de-sac. The properties were built in 1995 and include covered parking, forced-air heating, electric cooling, public water, and public sewer. Unit layouts include three-bedroom residences with either three full bathrooms or 2.5 bathrooms, plus a two-bedroom, one-bath unit. Garage capacity ranges from one to two vehicles per residence.

Recent work includes updated flooring and interior paint at both duplexes, exterior siding and paint completed in 2023 at 412-414 SW Joy Court, and a roof installed in 2020 at 403 SW Joy Court. The units are leased through 2027, with tenants responsible for utilities and lawn care. The properties are minutes from 7 Highway and 40 Highway, with walkable access to shopping, dining, and daily amenities.

Key Highlights

  • Five‑unit package consisting of two duplexes and one half‑duplex
  • All units leased through 2027; tenants pay utilities and maintain their own lawns
  • 412‑414 SW Joy Court: 3 bedrooms, 3 full bathrooms, and 2‑car garages per unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Electrical Service Plumbing Service Furniture & Home Goods Carpet & Flooring Store Acupuncture

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

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

Demographics for 64014, MO

27,993
Population
11,068
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
2,499
Density / Sq Mi
$84,187
Median Household Income
$49,462
Median Earnings
$1,301
Median Rent
$233,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Five leased residential units with attached garages, recent interior improvements, and public utilities.
Where is this apartment building located?
The property is located at 403 406&408 412&414 SW Joy Court Blue Springs, MO.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Five‑unit package consisting of two duplexes and one half‑duplex; All units leased through 2027; tenants pay utilities and maintain their own lawns; 412‑414 SW Joy Court: 3 bedrooms, 3 full bathrooms, and 2‑car garages per unit
More about this property
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