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200 E Otway Street, 
Odessa, MO 64076

$1,630,000


Bed


Bath


-

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Michelle Lutz

Lutz Sales + Investments

913-426-5576

Last updated:

January 30, 2026, 09:15 AM

MLS#

2578809

Source:

Bay East CCAR bridgeMLS

About This Home

200 E Otway Street

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.

Home Facts

Multi-Family

Built in 1984

Price Summary

1,630,000

MLS #:

2578809

Last Updated:

January 30, 2026, 09:15 AM

Added:

3 month(s) ago


Structure

Structure

Year Built:

1984


Finances & Disclosures

Finances

Price:

$1,630,000

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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.