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2301 S Riverside Rd 48 Unit Apartment Building $4,200,000 ($87,500/Unit) Saint Joseph, MO 64507

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EXECUTIVE SUMMARY

Prime investment opportunity featuring six apartment buildings, each consisting of eight units for a total of forty-eight units, along with a dedicated leasing office and twelve covered carports. All units are in good condition, with thirty-eight units noted as renovated. The property provides excellent access to U.S. Highway 36 and is well-positioned for continued strong occupancy and operational performance. This listing includes a portion of 2215 South Riverside Road. A portion of the 2215 South Riverside Road property located to the north, comprising approximately of one (1) acre and includes the house and three outbuildings will be subdivided and excluded from the sale.

PROPERTY FACTS

Price $4,200,000
Price Per Unit $87,500
Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 6.94 AC
Building Size 25,215 SF
No. Stories 2
Year Built 2001
Zoning RP-3

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 48 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-4.0-19-002-000-007.000
Land Assessment
$5,320
Improvements Assessment
$245,890
Total Assessment
$251,210
  • Listing ID: 39068323

  • Date on Market: 1/13/2026

  • Last Updated:

  • Address: 2301 S Riverside Rd, Saint Joseph, MO 64507

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