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Aerial perspective showcasing multiple single-story buildings with light-colored exteriors and dark roofing, surrounded by extensive green landscaping
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Duplex property featuring white siding and individual entryways
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Expansive green lawn with mature perimeter trees
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Duplex exterior featuring two individual entry doors with wooden steps, white vertical siding, dark roofing, and a spacious grassy area
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Two single-story structures with white siding and dark roofing
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Expansive grass lawn offering private outdoor space
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Duplex property featuring white vertical siding and dark roofs, with a gravel parking area
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Expansive green lawn bordering a row of properties with vertical siding and individual entryways
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Duplex property featuring white vertical siding, dark roof, and a gravel parking area
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Expansive green space bordering a row of units with vertical siding and multiple windows
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Expansive green lawn surrounded by mature trees
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Row of white-sided structures with dark roofs and trim, featuring multiple windows and doors
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White vertical siding exterior with two distinct entry doors, each flanked by a window
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White board-and-batten style siding on a single-story structure with a dark shingle roof
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Rear exterior of a multi-unit property with a grass lawn
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Single-story duplex with white siding and dark trim
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Expansive green space featuring mature perimeter trees and a clear blue sky
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Open-concept living space featuring wood-finish flooring, light gray wall paint, and recessed lighting
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Modern kitchen featuring wood-finish flooring, white cabinetry, integrated stainless steel appliances, a subway tile backsplash, and a double basin sink
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Room featuring wood-finish flooring, two windows with white trim, neutral wall paint, white baseboards, and a semi-flush mount ceiling light fixture
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Room featuring wood-finish flooring, neutral wall tones, and white trim
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Bathroom featuring a pedestal sink, brushed nickel faucet, and a rectangular mirror
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Interior hallway featuring wood-finish flooring, white trim, light neutral wall color, and multiple paneled doors
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Aerial perspective showcasing multiple single-story structures with gray shingle roofs, surrounded by expansive green spaces
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Aerial perspective showcasing multiple single-story structures with gray roofs and white siding
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Six residential buildings arranged in two rows, each featuring a pitched roof with grey shingles and light-colored siding
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Six residential structures with gravel parking areas and surrounding green space
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An aerial perspective of a multi-building property featuring six structures with light-colored siding and dark shingle roofs, arranged around a central gravel parking area
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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.
- Directions
- From 2 HWY go South on State Highway O and then East on Water Street.
- Subdivision
- Other
- City
- Freeman
- County
- Cass
- Property Type
- Residential Income / Other
- Listing Updated
- Jul 29, 2026 at 5:07pm
- MLS Number
- 2634026
- Property Tax
- $14,823
- Zoning
- $Res
- Home Owners Association
- No
- Disclaimer
- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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