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3604 Mcmasters Ave, Hannibal, MO 63401

$1,500,000
•
  • —

    bed

  • —

    bath

  • 17,600

    Sqft ($85/Sqft)

Multi-family for sale 13 days

About 3604 Mcmasters Ave

Property type Multi-family
Neighborhood
Year built 1935
HOA fee $0/month
Lot size 0.52 Acre
Movoto estimate
Property description
This 45 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 45-unit extended-stay property with a proven track record and strong market appeal.
Listed by
Listing Agent - Ryan Farber
Listing Office - Compass Realty Group
Source: MARIS mls logo
MLS#26064691 • last updated 1 week ago
Movoto checked MARIS for data 12 minutes ago
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Overview
Cooling/AC Multi Units, Varies By Unit, Wall/Window Unit(s)
Heating Electric
Levels/Style Two, Other, Apartment Building
MLS # 26064691
SubType 5 Family Or More
Living Area (SqFt) 17600
Status Active
Lot Size (SqFt) 22651.2
Property Tax 19330
Year Built 1935
Interior
Basement Unfinished
Laundry Common Area, Laundry Room, Lower Level, Multiple Locations
Appliances Microwave, Free-Standing Refrigerator
Exterior
Construction Brick, Brick Veneer, Concrete, Frame, Glass, Other, Plaster
Foundation Concrete Perimeter, Stone
Parking Common
Exterior Features Awning(s), Balcony
Patio/Porch Awning(s), Covered
Amenities / Utilities
Water Source Public
Utilities Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Electricity Ameren, Other
Location
Area 533 - Hannibal
County Marion
Subdivision Shepherd Place
Elementary School Veterans Elem.
Middle School Hannibal Middle
High School District Hannibal 60
High School Hannibal Sr. High
APN 010.09.30.2.01.007.000
Multifamily Details
Owner Pays All Utilities, Cable TV, Internet
Total # Of Buildings 1
Total # of Units 45
Net Operating Income 173052
Lot/ Land Details
Road Frontage City Street, Highway
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Source: GreatSchools.org © 2026. All rights reserved.

Around 533 - Hannibal

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Family
22/100
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  • Real Estate
  • MO
  • Marion County
  • Hannibal
  • 63401
  • 3604 Mcmasters Ave

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