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.
- Heating System:
- Natural Gas
- Cooling System:
- Electric
- Patio:
- Deck
- Parking:
- Off Street
- Utilities:
- Separate Meters
- Exterior Features:
- Private Entrance
- Laundry Features:
- Inside, Utility Room
- Sewer:
- Public Sewer
- Appliances:
- Microwave, Refrigerator, Dishwasher, Disposal, Electric Range
- Zipcode:
- 64730
- Street:
- Wix
- Street Number:
- 818
- Street Suffix:
- Lane
- Longitude:
- W95° 39' 29.5''
- Latitude:
- N38° 14' 48.2''
- Zoning:
- RES
- Directions:
- From I-49, East on West Fort Scott Street, Then South on Business 49, then East on West Nursery Street, then South on South High Street, then West on Meadow Drive, Then South on Wix Lane.
- Mls Area Major:
- 230 - Bates County, Mo
- Elementary School:
- Butler
- High School:
- Butler
- High School District:
- Butler
- Middle School:
- Butler
- Office Name:
- Platinum Realty LLC
- Agent Name:
- Justin Beebe
- Tax Annual Amount:
- $0
- Association Fee:
- $0
- Stories Total:
- 1
- Water Source:
- Public
- Construction Materials:
- Frame
- Number Of Units Total:
- 24
- Association Fee Frequency:
- None
- List Agent Mls Id:
- JNBEEBE
- List Office Mls Id:
- PRKC
- Listing Term:
- Cash, Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2026-09-15T21:30:10Z
- Originating System Name:
- HMLS
Community: Butler, Residential Income For Sale
818 Wix Lane, Butler, Missouri 64730
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 2639326
- Price :
- $2,550,000
- Year Built :
- 1973
- Status :
- Active
- Property Sub Type :
- Package of Properties
























































































