Exceptional Multi-Income Investment Opportunity in Lebanon, Mo!Discover an incredible investment property offering multiple income streams and endless potential. At the heart of the property is a 3,039 sq. ft. former convenience store and gas station, ready to be reopened or repurposed for a variety of commercial uses.Also included are 4,000 sq. ft. of on-site storage units, providing an established opportunity for recurring rental income. Across the scenic pond, you'll find five charming 432 sq. ft. cabins and six RV hookups, creating excellent potential for vacation rentals, campground income, or extended-stay accommodations.Additional improvements include a 1,170 sq. ft. garage building, offering ample space for storage, maintenance, or workshop use.The property also features three mobile homes, with two measuring 924 sq. ft. each and a third offering 1,216 sq. ft., making them ideal for long-term rentals, employee housing, or owner occupancy.The property is serviced by three lagoons, one septic tank with lateral lines, and two wells. The operating well, located behind the storage units, serves the entire property. A second well, located near the partially finished house, serves only that house and is currently turned off.Whether you're an investor looking to diversify your portfolio or an entrepreneur seeking a versatile income-producing property, this unique offering presents exceptional flexibility and unlimited possibilities. Property is being sold as-is.
Active
$1,500,000
11901 State Highway 32, Lebanon, MO 65536
7beds
3,064sqft
Multiple Residences
Built in 1970
40 Acres Lot
$1,373,200 Zestimate®
$490/sqft
$-- HOA
What's special
Scenic pondSix rv hookups
- 51 days
- 209
- 8
Zillow last checked:
Listing updated:
Listed by:
Andrea S Rogers 417-733-2209,
Rogers & Associates Realty, LLC
Source: SOMOMLS as distributed by MLS GRID,MLS#: 60328821
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Wall Furnace, Electric, Propane
Cooling
- Window Unit(s)
Appliances
- Included: Electric Cooktop, Built-In Electric Oven, Microwave, Refrigerator
- Laundry: Main Level
Features
- Flooring: Vinyl, Linoleum
- Has basement: No
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 3,064
- Total interior livable area: 3,064 sqft
- Finished area above ground: 3,064
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: Barbed Wire
- Waterfront features: Pond
Lot
- Size: 40 Acres
- Features: Acreage
Details
- Parcel number: 149.031000000007.000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Multiple Residences
Materials
- Metal Siding, Vinyl Siding
- Foundation: Block, Slab
- Roof: Metal
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank, Lagoon
- Water: Private
Community & HOA
Community
- Subdivision: N/A
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $490/sqft
- Tax assessed value: $309,000
- Annual tax amount: $3,243
- Date on market: 7/14/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
- Body type: Double Wide,Single Wide
Estimated market value
$1,373,200
$1.29M - $1.44M
$2,699/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $1,500,000$490/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,746 +10.3% | $65,630 +10.5% |
| 2024 | $2,489 +0.7% | $59,400 |
| 2023 | $2,472 +10.8% | $59,400 +9.8% |
| 2022 | $2,230 +3.6% | $54,110 |
| 2021 | $2,153 -13.7% | $54,110 -5.3% |
| 2020 | $2,493 -1.3% | $57,120 -0.5% |
| 2019 | $2,526 +1.2% | $57,390 -0.1% |
| 2018 | $2,496 +11.9% | $57,450 |
| 2017 | $2,230 | $57,450 |
| 2016 | $2,230 | $57,450 |
| 2015 | $2,230 | $57,450 +0.1% |
| 2014 | $2,230 | $57,410 |
| 2013 | $2,230 | $57,410 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 65536
Nearby schools
Schools provided by the listing agent
- Elementary: Conway
- Middle: Conway
- High: Conway
Source: SOMOMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





