$1,290,000
 $6,925 est/mo Sourced by Back At You

300 Oak Street,Freeman, MO 64746

Freeman, MO 64746

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Description

Rare opportunity to acquire a fully renovated, stabilized multifamily property consisting of six duplex buildings and 12 two-bedroom units at 300-311 Oak Street in Freeman, Missouri. Situated on approximately 2.74 acres, the property offers a cohesive, low-density rental community with substantial open green space and ample off-street parking. The property underwent a comprehensive renovation in 2023 and 2024, significantly reducing near-term capital needs. Improvements included roofs and gutters, windows, HVAC systems, electrical panels, flooring, cabinetry, appliances, lighting and plumbing fixtures, interior doors, and interior and exterior paint. Additional work included attic and exterior-wall insulation, renovated bathrooms with tile surrounds and reglazed tubs, sump pumps and waterproof barriers in crawlspaces, water heater replacements as needed, and improvements to the gravel parking area. The portfolio generates more than $150,000 in annual scheduled rent, with monthly rents ranging from approximately $995 to $1,100 per unit. The property is approximately 95% occupied, and tenants pay their own utilities. Lease expirations are staggered through 2026 and 2027, providing predictable near-term income and limiting rollover concentration. Each single-story unit includes two bedrooms, one bathroom, a living area, eat-in kitchen, individual HVAC and water heating, washer and dryer hookups, and direct exterior access. The property provides approximately two parking spaces per unit, with additional parking available. A 2025 appraisal concluded a value of $1.45 million and estimated market rent of approximately $1,100 per unit, indicating potential rental growth as existing leases mature. This offering provides an opportunity to acquire a renovated, income-producing multifamily asset with strong occupancy, tenant-paid utilities, limited immediate capital requirements, and continued revenue upside.

Details

MLS #2634026
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site33
Listing Provided ByPlatinum Realty LLC | Justin Beebe

Features

Story(s)1
Units12
ZoningRes
Acreage2.73

Taxes

Property14823

Area Information

StateMO
CountyCass
CityFreeman
Zip Code64746
Area208 Cass County | Mo
Community NameOther
School DistrictMidway
Elementary SchoolMidway
High SchoolMidway
Listing VS Median (in Other)
Price:
$1,290,000
low | high
Med:
$269,000
100% of Average
On site:
33
low | high
Med:
28
100% of Average
Sourced by Back At You

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Learn More About This Property

StateMO
CountyCass
CityFreeman
Zip Code64746
Area208 Cass County | Mo
Community NameOther
School DistrictMidway
Elementary SchoolMidway
High SchoolMidway
Listing VS Median (in Other)
Price:
$1,290,000
low | high
Med:
$269,000
100% of Average
On site:
33
low | high
Med:
28
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $967K - $1.612M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
104 W 4th Street Property Photo 1
$145,000
104 W 4th Street
Freeman, MO 64746
Listing Updated: August 27, 2026 at 1:37:06 PM PDT