New Listing
$2,650,000
 $15,888 est/mo Sourced by Back At You

818 Wix Lane,Butler, MO 64730

Butler, MO 64730

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Description

Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211,577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260,220 annually and have already increased materially since the 2025 appraisal which came in at $2,736,000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.

Details

MLS #2639326
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1973
Days On Site3
Listing Provided ByPlatinum Realty LLC | Justin Beebe

Features

Story(s)1
Units24
ZoningRES
Acreage0.34

Taxes

Property9750

Area Information

StateMO
CountyBates
CityButler
Zip Code64730
Area230 Bates County | Mo
Community NameButler
School DistrictButler
Elementary SchoolButler
High SchoolButler
Listing VS Median (in Butler)
Price:
$2,650,000
low | high
Med:
$219,900
100% of Average
On site:
3
low | high
Med:
49
6.122448979592% of Average
Sourced by Back At You

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Listings courtesy of Kansas City Regional Association of REALTORS as distributed by MLS GRID.

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Learn More About This Property

StateMO
CountyBates
CityButler
Zip Code64730
Area230 Bates County | Mo
Community NameButler
School DistrictButler
Elementary SchoolButler
High SchoolButler
Listing VS Median (in Butler)
Price:
$2,650,000
low | high
Med:
$219,900
100% of Average
On site:
3
low | high
Med:
49
6.122448979592% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.987M - $3.312M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
828 S Birch Street Property Photo 1
$199,900
828 S Birch Street
Butler, MO 64730
Listing Updated: September 2, 2026 at 10:39:15 AM PDT