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    Fourplex with Attached Garages Title is generated by Realmo AI

    601 NE 1st Street, Oak Grove, MO 64075

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    Claim this Listing
    New
    For Sale
    $550,000

    MULTI_FAMILY - Oak Grove, MO

    Lot size:
    0.54 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 601 NE 1st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
    Patio and Porch features
    Deck
    Appliances
    Dishwasher, Disposal, Microwave, Refrigerator, Free-Standing Electric Oven
    Standard status
    Active
    APN
    38-720-01-35-00-0-00-000
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Description
    Lot 12, The Grove Lots 1-33
    Tax Annual Amount
    6046

    Utilities

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

    Building Details

    Floors in Building
    2
    Number of units
    4
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    The Carter Group

    Listing agent The Carter Group

    Listing office Keller Williams Platinum Prtnr 3751 NE Ralph Powell Rd., Lee's Summit, MO

    Listing date Jun 4, 2026

    MLS# 2624093 Listing URL

    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.

    HighLights

    • Fourplex with 2 spacious 3‑bedroom, 2.5‑bath units and 2 desirable 2‑bedroom, 2.5‑bath units
    • Each unit includes an attached one‑car garage
    • Two‑story floorplans with forced‑air heating and electric cooling
    • Vinyl siding exterior with composition roof and slab foundation
    • Public utilities: public water and public sewer
    • Appliances included: dishwasher, disposal, microwave, and refrigerator (plus free‑standing electric oven)

    Overview

    This fourplex provides a two-story unit mix designed for long-term household needs, featuring two 3-bedroom, 2.5-bath homes and two 2-bedroom, 2.5-bath homes. Each unit includes an attached one-car garage, a practical amenity that supports day-to-day convenience for residents. The property’s slab foundation and low-maintenance vinyl siding are in place to help simplify exterior upkeep over time.

    Located at 601 NE 1st Street in Oak Grove, Missouri, the building sits at the end of the street and is bordered by mature trees and greenspace. That positioning contributes to a more private residential feel relative to a through-traffic setting.

    For buyers and operators, this configuration offers a straightforward way to diversify unit sizes within a single asset, with 2-bedroom and 3-bedroom floorplans in place. The inclusion of attached garages across all units can also make the property easier to market to a wider range of renters seeking in-home parking. With the combination of durable site and exterior components and a consistent garage amenity across the community, the fourplex can fit an investor looking for a turnkey-style residential income property in a residential setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    U Store U ... Storage Facility Attic Storage of Oak ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Grove
    County
    Jackson
    State
    Missouri
    Longitude
    -94.1373971
    Latitude
    39.0156623

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    FAQs

    What type of property is this?
    Quadplex - Two-story fourplex offering two 3-bedroom and two 2-bedroom units, each with an attached one-car garage.
    Where is this quadplex located?
    The property is located at 601 NE 1st Street Oak Grove, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Fourplex with 2 spacious 3‑bedroom, 2.5‑bath units and 2 desirable 2‑bedroom, 2.5‑bath units; Each unit includes an attached one‑car garage; Two‑story floorplans with forced‑air heating and electric cooling
    (816) 350-4455
    We can help!
    Listing Contact
    The Carter Group
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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