Liberty MO Fourplex for Sale Near Downtown With Upside Potential

If you’ve been searching for a small multifamily investment property in Liberty, Missouri, this private opportunity deserves a look.

Located at 306 Harrison Ave, Liberty, MO 64068, this fourplex offers something many investors want but rarely find: a well-maintained property with current income, recent capital improvements, and room to grow returns through smarter operations.

Why Investors Like Small Multifamily in Liberty, MO

Liberty continues to attract attention from buyers who want strong community appeal, proximity to Kansas City, and long-term rental demand. This property benefits from a location near:

• Historic Downtown Liberty Square
• William Jewell College
• Local shops and restaurants
• Major commuter routes

For many buyers, location is where long-term value begins.

Property Snapshot

• 4-unit multifamily property
• All 1-bedroom units
• Fully occupied
• All long-term tenants currently month-to-month
• Offered at $395,000

The month-to-month tenancy structure gives flexibility for the next owner to reposition rents over time or improve lease structure.

Current Rent Roll

• Unit 1: $830
• Unit 2: $700
• Unit 3: $625
• Unit 4: $550

Several rents appear below market, creating a clear path for future income growth.

Recent Improvements

Buyers often worry about deferred maintenance. This property has already seen meaningful updates, including:

• $20,000 foundation repairs completed in 2023
• Roof replaced in 2019
• Two HVAC systems replaced in 2019
• One renovated unit

That means the next owner can focus more on income strategy and less on large immediate repairs.

Additional Upside Opportunities

Beyond rent adjustments, there are other ways to improve returns:

Laundry Income

The basement has room for two washer/dryer setups, with one currently installed.

Utility Reimbursements

Current utility expenses average about $170/month and include common area electric, water, and trash. A future owner may explore bill-back strategies for water, sewer, trash, and pest control where appropriate.

Why the Seller Is Selling

The seller is exiting the real estate market to focus on another business venture. This is an opportunity created by life direction, not property distress.

Who This Property Fits Best

This opportunity may be ideal for:

• Local investors expanding a portfolio
• 1031 exchange buyers
• Buyers seeking a manageable first multifamily property
• Owner-occupants exploring a house-hack strategy

Private Showings Available

Showings are available for qualified buyers who demonstrate financial readiness and the ability to close quickly.

If you’d like information on this Liberty, MO fourplex or other Kansas City investment opportunities, reach out directly to Bridget Rodewald, 817.709.9411, Select Sites, Broker.