New 30-Unit Townhome Rental
501 Pine Drive Odessa, MO 64076
For Sale
Contact for pricing
Street of 30 new townhomes offers in-unit laundry and attached garages with separate metering for streamlined utility management.
Property Size43,050 SF
Price / SF$156.52
Days on Market52
Property Features for 501 Pine Drive
General Information
- Standard status
- Active
- Size
- 43,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency:
Lutz Sales + Investments
Listed By:
Michelle Lutz · License #2018036086
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 11:41AM
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 Lutz Sales + Investments
Investment Insights
Based on property information with market context.
Pine Creek offers a for-sale portfolio of 30 brand-new 3-bedroom, 2.5-bath two-story townhome units in Odessa, Missouri. The property is comprised of six fourplex buildings and two triplex buildings. Each unit includes stainless steel appliances, granite countertops, LVP flooring, an in-unit washer and dryer, and an attached 1-car garage with additional driveway parking. Units are all-electric and separately metered for utilities, including water and trash.
The buildings are individually parceled. The seller also owns adjacent lots that are available for potential future acquisition, providing flexibility for expansion over time. The community is presented as having no HOA.
For buyers and operators seeking a turnkey residential income property, Pine Creek is designed for straightforward management and tenant utility billing, supported by separately metered services across the units. With a third-party property management company currently in place and open to continuing if needed, ownership can be structured for day-to-day ease. The portfolio’s new construction provides an opportunity to acquire a fully modern rental housing asset with defined unit features and contemporary interior finishes throughout the townhome buildings.
The buildings are individually parceled. The seller also owns adjacent lots that are available for potential future acquisition, providing flexibility for expansion over time. The community is presented as having no HOA.
For buyers and operators seeking a turnkey residential income property, Pine Creek is designed for straightforward management and tenant utility billing, supported by separately metered services across the units. With a third-party property management company currently in place and open to continuing if needed, ownership can be structured for day-to-day ease. The portfolio’s new construction provides an opportunity to acquire a fully modern rental housing asset with defined unit features and contemporary interior finishes throughout the townhome buildings.
Key Highlights
- Street of 30 brand‑new 3 bed/2.5 bath, 2‑story townhome units built in 2025
- Unit mix: 6 fourplexes and 2 triplexes within the 30‑unit portfolio
- High‑end interiors include stainless steel appliances, granite countertops, and LVP flooring throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $878.2k | $20.40 |
| − Vacancy | −$57.1k | −$1.33 |
| EGI | $821.1k | $19.07 |
| − OpEx | −$369.5k | −$8.58 |
| NOI | $451.6k | $10.49 |
43,050 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.45M
$5.65M – $7.53M
NOI $451,625 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$9.51M
$8.32M – $11.10M
NOI $665,844 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Street of 30 new townhomes offers in-unit laundry and attached garages with separate metering for streamlined utility management.
Where is this apartment building located?
The property is located at 501 Pine Drive Odessa, MO.
What is the asking price?
The asking price for this property is $6,738,000.
What are key features of this property?
This property features: Street of 30 brand‑new 3 bed/2.5 bath, 2‑story townhome units built in 2025; Unit mix: 6 fourplexes and 2 triplexes within the 30‑unit portfolio; High‑end interiors include stainless steel appliances, granite countertops, and LVP flooring throughout
