Properties

Property 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.

Features
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
Appliances:
Microwave, Refrigerator, Dishwasher, Disposal, Electric Range
Address Map
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
Neighborhood
Elementary School:
Butler
High School:
Butler
High School District:
Butler
Middle School:
Butler
MLS Addon
Office Name:
Platinum Realty LLC
Agent Name:
Justin Beebe
Tax Annual Amount:
$0
Association Fee:
$0
Additional Information
Stories Total:
1
Water Source:
Public
Construction Materials:
Frame
Number Of Units Total:
24
Financial
Association Fee Frequency:
None
Listing Information
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

$2,550,000
Listing ID #2639326
Basic Details
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
Contact Agent