8-unit rental property in Rockaway Beach, Missouri. The property includes one 3-bedroom/2-bath house, one 3-bedroom/1-bath unit, four 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. All units are currently rented with long-term leases in place, bringing in a total of $7,485 per month. Tons of updates/remodels have been made in recent years, and there is room for more improvements that could increase rental income and value. With a solid cap rate based on current income, the property also has potential for higher returns if converted to short-term rentals. Located near Lake Taneycomo, this is a strong investment opportunity with steady cash flow!
Active
$425,000
203 Recreation Avenue, Rockaway Beach, MO 65740
--beds
--baths
--sqft
Est.:
Other
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 103 days
- on Zillow |
- 303 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: June 24, 2025 at 06:43am
Listed by:
Robert Blitch 417-337-0452,
Keller Williams
Source: SOMOMLS,MLS#: 60293195

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Baseboard, Space Heater
Cooling
- Window Unit(s)
Appliances
- Included: Range, Refrigerator, Microwave
Features
- Formal Living
- Flooring: Carpet
Property
Parking
- Parking features: 1 per Unit
Features
- Fencing: Fenced Area
- Has water view: Yes
Lot
- Size: 0.46 Acres
- Dimensions: 200 x 100
Details
- Additional structures: Four or More Buildings
- Parcel number: 081.012003037001.000
- Zoning: Motel/ Multi-fa
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Materials
- Vinyl Siding, Frame
- Roof: Composition,Asphalt
Condition
- Year built: 1940
Utilities & green energy
- Water: Public
- Utilities for property: Community, Sewer Available, Electricity Available
Community & HOA
Community
- Subdivision: Rockaway Beach
Location
- Region: Rockaway Beach
Financial & listing details
- Tax assessed value: $89,700
- Annual tax amount: $1,003
- Date on market: 4/29/2025
- Listing terms: Cash,1031 Exchange
- Lease term: Negotiable
- Total actual rent: 7485
- Tenant pays: All Utilities
- Road surface type: Asphalt
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