$539,000
SOLD FEB 23, 2026
Last list price
-- Bed
4 Baths
3,600 Sq Ft
8,917 Sq Ft Lot

Sale Details

Date Sold: February 23, 2026

$150 Per Sq Ft

61 Days on Market

Highlights

  • Deck
  • No HOA
  • Forced Air Heating and Cooling System
  • Grain Valley High School Rated 9+
  • 8 Car Attached Garage

About This Home

As of February 2026

Rare opportunity to acquire a solid, income-producing fourplex in the rapidly growing Grain Valley area. Each spacious 2-bedroom, 1-bath unit includes an oversized garage, private deck, and in-unit laundry hookups. Tenants pay all major utilities—water, sewer, electric, and gas—making this an easy property to own with very low operating costs. The owner currently covers mowing and trash ($150/mo shared dumpster). Built in 1986, the building features central HVAC, no HOA, and sits outside the flood zone. Units are well cared for with recent improvements, including a full refresh in Unit A and new LVP flooring in Unit B. The property has a strong rental demand and clear upside with current rents below market levels. Market rents in this submarket range from $1,150–$1,350 per month. Located in a quiet neighborhood with quick access to I-70 and 40 Hwy, Grain Valley continues to see steady population growth, great schools, and expanding city development—making this a dependable long-term investment in a high-demand area. Building next door at 207 NW Bar RD is also for sale and can be purchased separately or together.

Last Agent to Sell the Property

Alex Olson

Legendary Apartment Brokers Brokerage Phone: 816-591-0825 License #2019043249 Listed on: 11/04/2025

Last Buyer's Agent

Gary Kerley

ReeceNichols - Lees Summit

ReeceNichols - Lees Summit
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,091

Year Built

  • Built in 1986

Parking

  • 8 Car Attached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 4 Bathrooms
  • 2-Story Property
  • Basement
  • Laundry in Basement
  • Fire and Smoke Detector
  • Laundry in Garage

Schools

  • Sni-Bar Elementary School
  • Grain Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Deck
  • 8,917 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 37-920-05-08-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Valley Woods Subdivision

Building Details

  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,091

Year Built

Built in 1986

Lot Details

8,917 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1986
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Alex Olson
  • List Office Mls Id: HMSLEAB
  • List Office Name: Legendary Apartment Brokers
  • List Office Phone: 816-591-0825
  • Mls Status: Sold
  • Operating Expense: 6091
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Phone Other: 8165910825
  • Phone Other Type: Cell
  • Package: Optional
  • Attribution Contact: 816-591-0825
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Laundry Features: In Basement, In Garage
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Vinyl Siding
  • Patio And Porch Features: Deck
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage, Direct Access
  • Total Parking Spaces: 8

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector(s)
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Superior Title and Escrow

Schools

  • Middle/Junior School: Grain Valley North
  • Junior High Dist: Grain Valley

Lot Info

  • Zoning: Multi
  • Lot Size Sq Ft: 8917
  • Parcel Number: 37-920-05-08-00-0-00-000
  • Subdivision Name: Valley Woods
  • In Flood Plain: No

Building Info

  • Number of Units Total: 4

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 55200
  • Current Occupancy Rate: 80-90%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 6091
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Sni-A-Bar
  • High School: Grain Valley

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2025
Closed on
Feb 19, 2026
Sold by
Bought by
Seller's Agent
Alex Olson
Legendary Apartment Brokers
Buyer's Agent
Gary Kerley
ReeceNichols - Lees Summit
List Price
$539,000
Views
33
Current Estimated Value
$533,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.44%
Original Mortgage
$514,700
Outstanding Balance
$512,697
Interest Rate
6.16%
Mortgage Type
VA
Estimated Equity
$21,190

Purchase Details

Listed on
Feb 11, 2022
Closed on
Apr 7, 2022
Sold by
Bought by
Seller's Agent
James Lawrence
ReeceNichols - Lees Summit
Buyer's Agent
Allen Epstein
Realty Executives
List Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$322,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,300
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 10, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grain Valley, MO

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $526,000 Stewart Title
Warranty Deed -- None Listed On Document
Warranty Deed -- Alpha Title Llc
Corporate Deed -- First American Title
Quit Claim Deed -- None Available
Warranty Deed -- Stewart Title Of Kansas City
Warranty Deed -- Stewart Title
Warranty Deed -- Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $514,700 VA
Previous Owner $322,500 New Conventional
Previous Owner $1,250,000 Commercial
Previous Owner $1,200,000 Future Advance Clause Open End Mortgage
Previous Owner $165,300 Fannie Mae Freddie Mac
Previous Owner $183,600 Purchase Money Mortgage
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2026 02/23/26 Sold -- -- --
11/04/2025 11/04/25 For Sale $539,000 +25.3% $150 / Sq Ft
04/08/2022 04/08/22 Sold -- -- -- View Prior Sale
02/17/2022 02/17/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $430,000 -- $143 / Sq Ft
Source: Heartland MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,668 $57,291 $5,932 $51,359
2024 $5,864 $73,958 $5,607 $68,351
2023 $5,864 $73,958 $4,811 $69,147
2022 $3,927 $43,320 $3,711 $39,609
2021 $3,835 $43,320 $3,711 $39,609
2020 $3,417 $38,066 $3,711 $34,355
2019 $3,347 $38,066 $3,711 $34,355
2018 $3,118 $33,130 $3,230 $29,900
2017 $3,118 $33,130 $3,230 $29,900
2016 $3,038 $32,300 $3,059 $29,241
2014 $3,061 $32,300 $3,477 $28,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2585023

Heartland MLS

APN: 37-920-05-06-00-0-00-000

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