200 E Otway Street, Odessa, MO 64076

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$1,630,000
 est. $6,813/mo

The Odessa Rental Portfolio presents a rare opportunity to acquire a diversified 21-unit multifamily package in the heart of Odessa, Missouri. Comprised of a duplex, fourplex, 7-plex, and 8-plex constructed between 1906 and 1984, the portfolio delivers strong diversification across studios, one-, two-, and three-bedroom layouts. All properties are well-maintained, fully leased, and offer on-site parking, providing both stability and tenant convenience. Perfect for local or out of state investors, this one is easy to own and cash flow. Operations are streamlined through a utility recovery system, with select units sub-metered for electric and common water/gas expenses recaptured via tenant billing fees. The portfolio benefits from a long history of strong occupancy and diligent management, underscoring its proven track record of performance. With consistent cash flow already in place, the investment offers both immediate income and operational efficiency. Positioned near schools, retail, and community amenities, the Odessa Rental Portfolio draws from strong tenant demand and retention drivers. Investors have the opportunity to capture additional upside through cosmetic upgrades and rental optimization at turnover, enhancing long-term value. With stability today and growth potential tomorrow, this portfolio represents a compelling multifamily investment in a growing suburban market.

Directions
Take the ramp on the left to I-70 E Parts of this road may be closed at certain times or days, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 33.6 mi Take exit 37 A-37 B toward Odessa, go 0.2 mi Merge onto I-70 Frontage Rd E/Old Hwy 40, go 0.9 mi Turn right onto N 2nd St, go 0.4 mi Turn left onto R L Kelley St, go 0.1 mi Slight right onto E Otway St Destination will be on the right, go 446 ft
Subdivision
McBurney's Addition
City
Odessa
County
Lafayette
Property Type
Residential Income / Package of Properties
Listing Updated
Oct 13, 2025 at 5:10pm
MLS Number
2578809
Property Tax
$8,321
Zoning
$Res
Home Owners Association
No
Disclaimer
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.
Information is deemed reliable but is not guaranteed.

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