- – beds
- – baths
- – sqft
- ~1 acre lot
- 1965 build
- – on site
Welcome to Oak Grove Place, a single-story multifamily asset offering a compelling investment opportunity in the heart of Oak Grove, Missouri. This 12-unit property features a balanced unit mix of eight one-bedroom/one-bath apartments and four efficient studio units, each designed with practical floorplans, spacious bathrooms, and central heating. Residents enjoy the convenience of ample on-site parking and a shared, coin-operated laundry facility. The walkout lower level of the 504 building adds further investment upside, currently housing a workshop, storage area, and the laundry room. This space presents a unique value-add opportunity—investors may consider leasing the workshop and storage areas for additional income or converting the space into new rental units, subject to zoning and approvals. Positioned just 25 miles east of downtown Kansas City, the property benefits from immediate access to I-70 and is walkable to local amenities, including retail, restaurants, and parks. Oak Grove combines the charm of small-town living with the accessibility of a major metro, making it highly attractive to renters seeking affordability, quiet, and convenience. With consistent tenant demand—evidenced by a waiting list—and the potential for income enhancement, Oak Grove Place is ideally suited for investors seeking a stabilized asset with organic growth potential in a high-demand submarket.
Last checked:
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Last updated Jul 17, 2025
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MLS# 2562797 —
The Building
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Year Built:1965
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Age Description:51-75 Years
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Construction Materials:Stone & Frame, Wood Siding
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Roof:Composition
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Basement:false
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Unit Type:2 Bedroom, Efficiency
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# of Units Total:12
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Stories Total:1
Financial & Terms
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Listing Terms:Cash, Conventional
Location
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Directions:Head north on Walnut St toward E 16th St, go 0.1 mi Turn right onto Truman Rd, go 453 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 25.0 mi Take exit 28 toward Oak Grove, go 0.2 mi Slight right onto S Broadway, go 0.6 mi Turn left onto SE 10th St, go 0.3 mi Turn right onto S Salem St Destination will be on the left, go 0.1 mi
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:38-730-13-04-00-0-00-000
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Lot Size SqFt:64730
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Lot Size Area:64730
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Lot Size Units:Square Feet
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Zoning:R
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In Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (913) 426-5576
- Office phone:
- (913) 426-5576
Taxes
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Tax Total Amount:5678
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Cooling:Window Unit(s)
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Cooling:true
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Heating:Natural Gas
Utilities
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Utilities:Master Meters, Separate Meters
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Sewer:Public Sewer
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Water Source:City/Public - Verify
Schools
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High School District:Oak Grove
The Community
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Subdivision Name:Oak Grove
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Association:false
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Association Fee Frequency:None
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Type Of Management:Other
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Senio Community:false
Parking
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Garage:false
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Parking Total:20
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Parking Features:Off Street, Paved
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/17/25
Jul 17, 2025
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Listed / Active | HMLS | $635,000 |