Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Town & Country

Property view
Listing view 2
Listing view 3

3604 Mcmasters Avenue, 
Hannibal, MO 63401

$1,500,000


—

Bed


—

Bath


17,600

Sq Ft


Multi-Family

Active

Listed by

Ryan J Farber

, 

Andrew Scanlan

Compass Realty Group

Last updated:

October 23, 2026, 03:56 PM

MLS#

26064691

Source:

MO MARIS

About This Home

3604 Mcmasters Avenue

This 45 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 45-unit extended-stay property with a proven track record and strong market appeal.

Home Facts

Multi-Family

Built in 1935

Subdivision & Development:

Shepherd Place

Price Summary

1,500,000

$85 per Sq. Ft.

MLS #:

26064691

Last Updated:

October 23, 2026, 03:56 PM

Added:

16 day(s) ago


Rooms & Interior

Interior

Living Area:

17,600 Sq. Ft.


Structure

Structure

Building Area:

17,600 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

22,651


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$85 per Sq. Ft.

MLS Logo
Copyright 2026 Mid-America Regional Information Systems. All rights reserved. Listings courtesy of Mid-America Regional Information Systems as distributed by MLS GRID

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.