Searching ...

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.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1970
  • 40.0 Acre Lot
  • 1 Car Garage
  • 119 days on Market

  • Bedrooms
    7
  • Bathrooms
    5
  • Year Built
    1970
  • Stories
    1.0
  • Construction Materials
    Vinyl Siding, Metal Siding
  • Foundation
    Block, Slab
  • Garage Spaces
    1.0
  • Parking Features
    Driveway
  • Living Area
    3064.0
  • Appliances
    Microwave, Refrigerator, Electric Cooktop, Built-In Electric Oven
  • Flooring
    Vinyl, Linoleum
  • Patio And Porch
    Covered
  • Cooling
    Window Unit(s)
  • Heating
    Wall Furnace, Electric, Propane

  • Acres
    40.0
  • Lot Features
    Few Trees
  • Water Front Features
    Pond
  • Utilities
    Propane
  • Water
    Private

  • County
    Laclede
  • City
    Lebanon
  • Neighborhood
    N/A
  • Zip Code
    65536
  • High School
    Conway
  • Middle School
    Conway
  • Elementary School
    Conway

Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 11901 State Highway 32?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 11901 State Highway 32.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 11901 State Highway 32?

Click Ask a Question to talk with our team. You already know it is a 7 bed, 5 bath, listed for $1,475,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Lebanon, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 11901 State Highway 32?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 11901 State Highway 32 at around $8,664. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 11901 State Highway 32?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Laclede County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 11901 State Highway 32?

In most cases, yes. Whether 11901 State Highway 32 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lebanon's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 11901 State Highway 32?

We can handle that for you. Our preferred local agent specializes in residential incomes in Lebanon and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,475,000 with 3,064 sqft of space—that comes out to approximately $481 per square foot.

How long has this property been on the market?

11901 State Highway 32 was listed on July 14, 2026, which means it's been on the market for 119 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1970, making it approximately 56 years old.

What is the lot size of this property?

11901 State Highway 32 sits on a 40.0-acre lot, which is 1,742,400 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Conway
  • Middle: Conway
  • High: Conway

Want to see how these schools compare? Check out our Laclede County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 11901 State Highway 32?

The most recent public record shows annual property taxes for 11901 State Highway 32 were approximately $3,244. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 11901 State Highway 32 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Lebanon, MO


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of Southern Missouri Regional MLS. Real estate listings held by Brokerage firms other than ReeceNichols Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is deemed reliable but not guaranteed, and all information should be verified by the consumer. Any representation that a website contains all listings shall only mean that the website contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. Information deemed reliable but not guaranteed. Copyright © 2026 Southern Missouri Regional MLS. All Rights Reserved.