818 Wix Lane, Butler, MO 64730

Butler
Local realty services provided by:ERA McClain Brothers
818 Wix Lane,Butler, MO 64730
$2,650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin beebe
Office: platinum realty llc.
MLS#:2639326
Source:MOKS_HL

Price summary

  • Price:$2,650,000

About this home

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...

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Home facts

  • Year built:1973
  • Subdivision & Development:Butler
  • Listing ID #:2639326
  • Added:4 day(s) ago
  • Updated:September 05, 2026 at 02:48 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator

Heating and cooling

  • Cooling:Electric
  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1973
  • Lot area:0.34 Acres
  • Construction Materials:Frame

Schools

  • High school:Butler
  • Middle school:Butler
  • Elementary school:Butler

Utilities

  • Water:City/Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,650,000

Features and amenities

  • Appliances:Dishwasher, Disposal, Microwave, Refrigerator

Parking

  • Total parking spaces:48
  • Parking description:Off Street
MLS LogoHeartlandMLS©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the HeartlandMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data <Last Updated September 5, 2026

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