# 818 Wix Lane, Butler, MO 64730

> **TL;DR:** 0bd/2ba residential multi family, $2,550,000, built 1973.
> A/C. Est. $13,638/mo. Listed 16 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,550,000 |
| Bathrooms | 2 full |
| Year Built | 1973 |
| Lot Size | 15,002 sqft (0.34 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 16 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $12,894 |
| Estimated Insurance | $744 |
| **Total** | **$13,638** |

## Nearby Schools

- **Elementary:** Butler
- **Middle:** Butler
- **High:** Butler

## Key Amenities

- A/C

## Property Highlights

- Built in 1973
- 0.34 acre lot
- 48 parking spaces

## Description

### Agent Description
Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211,577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260,220 annually and have already increased materially since the 2025 appraisal which came in at $2,736,000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.

## Location

- **Address:** 818 Wix Lane, Butler, MO 64730
- **County:** Bates
- **Coordinates:** 38.246718, -94.341802
- **Google Maps:** https://www.google.com/maps?q=38.246718,-94.341802

## Listing Agent

- **Name:** Justin Beebe
- **Brokerage:** Platinum Realty
- **Phone:** 8167168364
- **Broker Phone:** (913) 227-0798
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/818-Wix-Ln_Butler_MO_64730_M88115-16820?f=listhub&s=HMLSKS&m=2639326&c=propsimple)

## Photos

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---

**MLS#:** 2639326 | **Updated:** 2026-09-15
**Source:** listhub

*Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/818-wix-lane-butler-mo-64730-2639326)

---

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  "name": "818 Wix Lane, Butler, MO 64730",
  "description": "Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211,577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260,220 annually and have already increased materially since the 2025 appraisal which came in at $2,736,000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.",
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