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33-Unit Apartment Building
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408 SE 7th St, Oak Grove, MO 64075

Multifamily property with an all three- and four-bedroom unit mix and newly available market-rate operations.

Property Size36,850 SF
Days on Market143

Property Features for 408 SE 7th St

General Information

Standard status Active
Size 36,850 SF
Property subtype Multifamily

Units

Unit Mix 3BR, 4BR
Multifamily Units 33

Building Details

Year Built 1992
Buildings 12
Stories 1
Units 33
Listing Agency: MMG Real Estate Advisors
Listed By: Jake Sullivan · License #2021028059
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 12:46AM

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 MMG Real Estate Advisors

Investment Insights

Based on property information with market context.

Westchester Village of Oak Grove is a 33-unit apartment property containing 36,850 square feet and completed in 1992. The unit mix is composed entirely of three- and four-bedroom residences. The property has been operated as naturally occurring affordable housing, although its former rent and income restrictions have been removed.

The asset is located at 408 SE 7th St in Oak Grove, Missouri, within the Kansas City MSA. It exited the LIHTC program in 2023, and market-rate operations are now available. The property is being offered by its original developer and is appearing on the open market for the first time in over 30 years.

Key Highlights

  • 33‑unit apartment property with 36,850 square feet
  • 100% three & four‑bedroom unit mix
  • Built in 1992

Property Analytics

Current Use

Oak Grove Properties Apartment Building Westchester Village of Oak ... Apartment Complex

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Building Supply HVAC Service Nail Salon

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

33
Residential units

Location Intelligence

Trade Area within ½ mile

396
Businesses Nearby

Demographics for 64075, MO

12,319
Population
4,695
Households
2.6
Avg Household Size
39
Median Age
20%
College-Educated
89%
High-School Grad
49.3 sq mi
ZIP Area
250
Density / Sq Mi
$80,825
Median Household Income
$45,176
Median Earnings
$980
Median Rent
$233,400
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?
Apartment building - Multifamily property with an all three- and four-bedroom unit mix and newly available market-rate operations.
Where is this apartment building located?
The property is located at 408 SE 7th St Oak Grove, MO.
What are key features of this property?
This property features: 33‑unit apartment property with 36,850 square feet; 100% three & four‑bedroom unit mix; Built in 1992
More about this property
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