605-607 NE Lynn St - Apartments FOR SALE


Lee's Summit, MO 64063
$770,000 USD
319-480-9007
605-607 NE Lynn St, Lee's Summit, MO for Sale
$770,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

605-607 NE Lynn St
Lee's Summit, MO 64063


HIGHLIGHTS

  • Four uniform 2BR/1.5BA units averaging approximately 1,434 SF
  • Individually metered utilities support a lean expense structure
  • Core Lee’s Summit location near Downtown and Green Street Market Plaza
  • Four-unit scale appeals to investors and owner-occupants

OVERVIEW

Lynn Street Duplexes offers four occupied two-bedroom, one-and-a-half-bath units across two duplex buildings at 605-607 NE Lynn Street in Lee's Summit. A recent sale at 610 NE Lynn Street closed in August for $385,000 ($192,500 per unit), setting a strong per-door benchmark on the same street. A further value-add path exists for buyers willing to upgrade finishes: nearby two-bedroom listings ask $1,799 to $1,875, though those reflect different layouts or finish levels. The four-unit scale suits both investors and owner-occupants, combining current occupancy, consistent layouts, and a Lee's Summit location in a compact offering. Lynn Street Duplexes is located just northeast of historic downtown Lee’s Summit, a core suburban submarket in the southeast Kansas City metro known for strong schools, stable housing demand, and a walkable downtown with local retail, dining, services, an Amtrak station, and the $43 million Green Street Downtown Market Plaza redevelopment. The area’s diverse employment base includes John Knox Village, Saint Luke’s East Hospital, Lee’s Summit R-7 School District, and companies in healthcare, advanced manufacturing, aerospace, and information technology. Convenient access to I-470, U.S. 50, and Routes 291 and 150 connects residents to Lee’s Summit and the broader metro, supporting durable rental demand and a deep resale pool for small-scale multifamily housing.

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

4

PRICE/UNIT

$192,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

61-220-24-14-00-0-00-000,61-220-24-15-00-0-00-000

ASK ABOUT THIS PROPERTY

Isaac HoltzClemons Real EstateMore Info
319-480-9007

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Isaac HoltzClemons Real EstateMore Info
319-480-9007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.