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9-Unit Apartment Building
For Sale
$900,000

Mt Vernon, MO 65712, Mount Vernon, MO 65712

Residential Income, Mt Vernon, MO

Property SizeContact for details
Lot Size2.91 Acres
Days on Market106

Property Features

General Information

Property type Residential Multi Family
Property subtype Other
Zoning B-3
Bedrooms 10
Rooms Bedroom 10, Bedroom 9, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3
Appliances Range, Refrigerator, Microwave
View City
Elementary school Mt Vernon
Middle school Mt Vernon
High school Mt Vernon
Standard status Active
Lot size 2.91 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2912

Utilities

Utilities Water Available
Cooling system Ceiling Fan(s)

Amenities

central coin-operated laundry facility
paved parking

Building Details

Year built 1945
Number of units 9
Building materials Brick
Roof type Metal
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Adam Graddy · License #2004014961
Added: Jul 2 Changed: Oct 7 Last Checked: Oct 15 at 4:06AM
MLS# 60327968

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 brick apartment property contains nine units: eight one-bedroom apartments and one two-bedroom apartment. Eight units are leased. Interior work includes updated flooring, paint, and appliances, and a central coin-operated laundry serves the property. The building dates to 1945 and has a metal roof and ceiling fans. Water is available, and zoning is B-3.

The property occupies 2.91 acres and includes paved parking. The front portion lies within a floodplain; development plans should account for that condition.

Key Highlights

  • Nine apartments: eight one‑bedroom units and one two‑bedroom unit
  • Eight of the nine units are leased
  • 2.91‑acre site; the front portion lies within a floodplain

Property Analytics

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Current Use

Apartment buildings

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 65712, MO

8,464
Population
3,555
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
120.4 sq mi
ZIP Area
70
Density / Sq Mi
$61,832
Median Household Income
$39,066
Median Earnings
$687
Median Rent
$208,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - The residence mix includes a central coin-operated laundry and paved parking.
Where is this apartment building located?
The property is located at Mount Vernon, MO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Nine apartments: eight one‑bedroom units and one two‑bedroom unit; Eight of the nine units are leased; 2.91‑acre site; the front portion lies within a floodplain
More about this property
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