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8492 Lane Dr 24 Unit Apartment Building $1,848,000 ($77,000/Unit) Raytown, MO 64138
Investment Highlights
- Two-story multifamily property situated on a 0.6-acre parcel in Raytown.
- Located near Highway 350 with convenient access to I-435 and metro Kansas City employment centers.
- Strong opportunity for value-add upgrades to maximize rental income.
- Approximately 9,930 square feet offering flexible configuration potential.
- Surrounded by neighborhood services, parks, schools, and retail amenities within minutes.
- Positioned within a stable submarket attractive to both local and regional investors.
Executive Summary
This multifamily asset in Raytown, Missouri, offers an established structure on a 0.6-acre lot in a residential neighborhood. Built in 1975, the property spans nearly 9,930 square feet across two stories, providing a solid base for repositioning or modernization to increase value. Located within the Kansas City metropolitan area, it benefits from steady regional economic growth and proximity to major thoroughfares, retail centers, and essential services.
The property provides ease of access to I-435, which connects to the broader Kansas City freeway network. Nearby commercial corridors include 350 Highway and Blue Ridge Boulevard, which host a range of shopping, dining, and service amenities. Raytown’s central location offers residents short commutes to major employment hubs in Kansas City while maintaining a suburban neighborhood feel. Investors can leverage the area’s diverse tenant demand and the potential to enhance finishes and common areas to increase rents and long-term returns. Managed and maintained by the owner for 23 years
The property provides ease of access to I-435, which connects to the broader Kansas City freeway network. Nearby commercial corridors include 350 Highway and Blue Ridge Boulevard, which host a range of shopping, dining, and service amenities. Raytown’s central location offers residents short commutes to major employment hubs in Kansas City while maintaining a suburban neighborhood feel. Investors can leverage the area’s diverse tenant demand and the potential to enhance finishes and common areas to increase rents and long-term returns. Managed and maintained by the owner for 23 years
Property Facts
| Price | $1,848,000 | Building Class | C |
| Price Per Unit | $77,000 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 18,096 SF |
| No. Units | 24 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise |
| Price | $1,848,000 |
| Price Per Unit | $77,000 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 18,096 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1975 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 612 |
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Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-220-19-15-00-0-00-000 | Improvements Assessment | $181,743 |
| Land Assessment | $8,723 | Total Assessment | $190,466 |
Property Taxes
Parcel Number
50-220-19-15-00-0-00-000
Land Assessment
$8,723
Improvements Assessment
$181,743
Total Assessment
$190,466
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8492 Lane Dr