Value-Add 4-Unit Investment Opportunity with Strong Rental Upside!
Well-located and partially updated 4-unit apartment building offering a great opportunity for investors seeking future growth. The property features a desirable unit mix of two 3 bed / 2 bath units with 1-car garages and two 2 bed / 1 bath units, appealing to a wide tenant base.
Current projected gross annual income is approximately $51,600. 2 units currently vacant and recently renovated--positioning the next owner to place 2 tenants at market rents.
Significant upside potential:
Under-market rents on Units A & D with $100-$200/month increase potential
Strong market support for projected rents of approximately $1,350 (3 bed units) and $950 (2 bed units)
Proforma gross income of approximately $55,000 annually
Recent improvements include Unit A fully remodeled in 2024, Unit D remodeled in 2024, and Unit B & C renovated in 2025, allowing for continued value enhancement.
Additional peace of mind with a newer roof (installed approx. 6 months prior to 2021 purchase).
With a solid unit mix, ongoing improvements, and clear path to increased cash flow, this property offers an ideal blend of stability, upside, and long-term investment potential.
Active
Price cut: $30K (9/8)
$509,900
5119 Deer Rdg, Jefferson City, MO 65109
--beds
--baths
4,600sqft
Multi Family
Built in 1998
-- sqft lot
$499,000 Zestimate®
$111/sqft
$-- HOA
What's special
- 79 days
- 168
- 15
Zillow last checked:
Listing updated:
Listed by:
Adam Stark 573-230-7791,
Adam Stark Home Selling Team
Source: JCMLS,MLS#: 10073842
Facts & features
Interior
Heating
- Forced Air, Electric
Cooling
- Central Air
Features
- Basement: Walk-Out Access
Interior area
- Total structure area: 4,600
- Total interior livable area: 4,600 sqft
- Finished area above ground: 2,600
- Finished area below ground: 2,600
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking
- Garage spaces: 2
Features
- Stories: 2
Lot
- Size: 0.3 Acres
Details
- Parcel number: 0509310003003013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- Year built: 1998
Community & HOA
Location
- Region: Jefferson City
Financial & listing details
- Price per square foot: $111/sqft
- Tax assessed value: $236,300
- Annual tax amount: $2,567
- Date on market: 8/12/2026
- Listing terms: Cash,Conventional
Estimated market value
$499,000
$474,000 - $524,000
$1,254/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Price change | $509,900-5.6%$111/sqft |
Source: | ||
| 8/12/2026 | Listed for sale | $539,900+2.8%$117/sqft |
Source: | ||
| 6/29/2026 | Listing removed | $525,000$114/sqft |
Source: | ||
| 4/24/2026 | Listed for sale | $525,000$114/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,567 +5.3% | $44,900 +5% |
| 2024 | $2,439 +0% | $42,750 |
| 2023 | $2,439 +5.1% | $42,750 +5.4% |
| 2022 | $2,321 | $40,550 |
| 2021 | -- | $40,550 |
| 2020 | $2,363 +3% | $40,550 +0% |
| 2019 | $2,295 +2.7% | $40,546 -7.1% |
| 2018 | $2,234 +18% | $43,662 +7.7% |
| 2017 | $1,894 | $40,546 |
| 2016 | $1,894 | $40,546 |
| 2015 | $1,894 | -- |
| 2014 | $1,894 | $40,546 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment







