Odessa Rental Portfolio

The Odessa Rental Portfolio presents a rare opportunity to acquire a diversified 21-unit multifamily package in the heart of Odessa, Missouri. Comprised of a duplex, fourplex, 7-plex, and 8-plex constructed between 1906 and 1984, the portfolio delivers strong diversification across studios, one-, two-, and three-bedroom layouts. All properties are well-maintained, fully leased, and offer on-site parking, providing both stability and tenant convenience.

Operations are streamlined through a utility recovery system, with select units sub-metered for electric and common water/gas expenses recaptured via tenant billing fees. The portfolio benefits from a long history of strong occupancy and diligent management, underscoring its proven track record of performance. With consistent cash flow already in place, the investment offers both immediate income and operational efficiency.

Positioned near schools, retail, and community amenities, the Odessa Rental Portfolio draws from strong tenant demand and retention drivers. Investors have the opportunity to capture additional upside through cosmetic upgrades and rental optimization at turnover, enhancing long-term value. With stability today and growth potential tomorrow, this portfolio represents a compelling multifamily investment in a growing suburban market.

Why we love it: Odessa is a growing yet affordable submarket with strong tenant demand. The portfolio has a desirable unit mix, all properties have on-site parking, and trash in Odessa has no cost to the property owner.

The Challenge: Range of construction dates mean some older properties but these have been well-kept. Gas and water not sub-metered on the larger buildings.

The Value-add Play: Do cosmetic updates as tenants turn with corresponding rental increases on new leases. Manage for operational efficiency and consider short or medium term rentals in select units, they do very well in Odessa!