8622 Lane Ave Raytown, MO 64138
Estimated payment $6,790/month
Highlights
- Popular Property
- No HOA
- Central Air
- 29,253 Sq Ft lot
About This Home
Portfolio of three 1980s fourplex buildings (12 units total) right in a row in desirable Raytown, Missouri. 100% two-bedroom, one-bath units with in-unit laundry. Sub-metered for gas and electric and surface on-site parking in front of the buildings. Central heat & air along with a deck or patio for each unit check all the boxes for tenants. Great price to rent ratio for this era of construction and existing rents. $1,000/mo being achieved with current finishes and clear rental upside through higher-end upgrades. A textbook income-producing multifamily investment with strong tenant appeal and future value-add.
Listing Agent
Lutz Sales + Investments Brokerage Phone: 816-866-8322 License #2021021630 Listed on: 02/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,426
Year Built
- Built in 1981
Lot Details
- 0.67 Acre Lot
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 9,840 Sq Ft Home
- 2-Story Property
Parking
- Paved Parking
- Off-Street Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 50-220-17-35-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 12 Units
- Lane At 87 St Apts Subdivision
Building Details
- Gross Income $144,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $4,461 | $48,746 | $6,832 | $41,914 |
| 2024 | $4,431 | $49,451 | $6,002 | $43,449 |
| 2023 | $4,431 | $49,452 | $7,965 | $41,487 |
| 2022 | $3,467 | $36,860 | $4,171 | $32,689 |
| 2021 | $3,479 | $36,860 | $4,171 | $32,689 |
| 2020 | $3,350 | $35,151 | $4,171 | $30,980 |
| 2019 | $3,332 | $37,946 | $4,171 | $33,775 |
| 2018 | $1,973 | $21,554 | $2,101 | $19,453 |
| 2017 | $1,973 | $21,554 | $2,101 | $19,453 |
| 2016 | $1,912 | $21,014 | $2,280 | $18,734 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $1,250,000 | +66.7% | $127 / Sq Ft | |
| 10/30/2020 10/30/20 | Sold | -- | -- | -- | View Prior Sale |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- | |
| 08/27/2020 08/27/20 | For Sale | $750,000 | -- | $229 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Mccaffree Short Title | |
| Warranty Deed | -- | Old Republic Title Company | |
| Corporate Deed | -- | -- | |
| Trustee Deed | $85,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $133,600 | Purchase Money Mortgage | |
| Previous Owner | $99,850 | Purchase Money Mortgage |
Source: Heartland MLS
MLS Number: 2598443
APN: 50-220-17-35-00-0-00-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS Grid. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
Based on information submitted to the MLS GRID.
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Ask me questions while you tour the home.