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114 N Locust St, Sweet Springs, MO, 65351

8beds
4baths
--sqft
$665,000
--price/sqft
$4,557/moest. monthly cost
$182,280/yrincome needed

About This Home

Turn-Key Investment Opportunity – Fully Occupied 5-Plex in Sweet Springs! Don’t miss this rare chance to own a recently built, fully occupied 5-plex in a prime location just off I-70 in Sweet Springs, Missouri. This modern multi-family property offers steady cash flow with minimal upkeep — the perfect addition to any investor’s portfolio. Each of the five units features 2 bedrooms, 1 bathroom, washer-dryer hookups, and stylish, modern finishes throughout. The all-brick, maintenance-free exterior ensures long-term durability and low operating costs. With all units currently rented and generating income, this property is truly turn-key. Tenants enjoy convenient access to I-70, local amenities, and a peaceful residential setting — a strong draw for long-term occupancy. Whether you're looking to expand your rental portfolio or dive into multi-family investing, this high-performing property is a solid, low-hassle investment in a growing area.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

5/10
7/10
Sweet Springs High SchoolGrades 7-120.5 mi

Construction

Condition

  • Year built: 2023

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Property

Details

  • Parcel number: 0226101102009001000

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.29 Acres

Parking

  • Total spaces: 2
  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Tornado
Drought
Hail
Lightning

FEMA Declared Disasters Across Missouri Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,362$40,344
Home Insurance *$689$8,268
Property Taxes $365$4,380
Electricity $141$1,693
Total$4,557$54,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$156,240/yr
40% on housing$136,710/yr
45% on housing$121,520/yr

Missouri FAIR Plan Programs

Missouri Property Insurance Placement Facility

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,041Commercial: 84
Total Premiums$2.35M
Total Exposure$198.26M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 2.9%
2.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.3%
0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 65351$160
Saline County$234

vs Homes Sold Last Month

Median $/sqft

ZIP 65351$124
Saline County$109

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-13Price change$665,000
2025-08-08Listed for sale$695,000
2025-07-01Listing removed$730,000
2024-12-26Price change$730,000
2024-08-14Price change$790,000
2024-03-15Listed for sale$850,000

For Sale by Agent

AgentDeann M Weber
BrokerageReeceNichols - Eastland

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