Brick Triplex with Central
For Sale
$415,000
1860-70-80 S Pike Avenue, Bolivar, MO 65613
MULTI_FAMILY - Bolivar, MO
Property Size3,343 SF
Lot Size0.63 Acres
Price / SF$124.14
Days on Market30
Property Features for 1860-70-80 S Pike Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
9
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 9, Bedroom 7
Interior features
Carpet, Washer/Dryer Hookup
Appliances
Range, Disposal, Dishwasher, Dryer, Washer, Refrigerator
Subdivision
Porter Place
Elementary school
Bolivar
Middle school
Bolivar
High school
Bolivar
Directions
From Bolivar square, drive South on Springfield Ave to Aldrich Rd. Turn West on Aldrich Rd to Pike St. Turn South on Pike to Bradford St. Turn West on Bradford to duplex in the cul-de-sac.
Standard status
Active
APN
11-0.6-14-000-000-001.006
Size
3,343 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2297
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
washer/dryer hookups
full kitchen appliance package
Building Details
Year built
2003
Number of units
3
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Stellar Real Estate Co.
(417) 777-7740
Listed By:
Jeremy Scowden
(417) 234-7391
Added: Jul 24
Changed: Aug 5
Last Checked: Aug 22 at 5:06AM
MLS# 60329728
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained brick triplex on 0.63 acres was built in 2003 and is zoned R4. The property offers three units, each with three bedrooms and two bathrooms. Interiors include carpet, and each unit has washer and dryer hookups, with the washer and dryer conveying. Kitchens are equipped with a full appliance package, including range, refrigerator, dishwasher, disposal, and washer and dryer.
The building has central heating and central air with ceiling fans. Construction is brick with vinyl siding, and the roof is a composition shingle roof. Public sewer services are available.
Conveniently located just minutes from Southwest Baptist University and other Bolivar amenities, the property is designed for tenant convenience with in-unit laundry hookups and complete kitchen appliances across all three units.
The building has central heating and central air with ceiling fans. Construction is brick with vinyl siding, and the roof is a composition shingle roof. Public sewer services are available.
Conveniently located just minutes from Southwest Baptist University and other Bolivar amenities, the property is designed for tenant convenience with in-unit laundry hookups and complete kitchen appliances across all three units.
Key Highlights
- Three units, each with three bedrooms and two bathrooms
- Washer and dryer hookups with washer and dryer conveying
- Full kitchen appliance package incl range, refrigerator, dishwasher, and disposal
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,301
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,020
$606.0K
Cap Rate 7%
$432,871
$432.9K
Cap Rate 9%
$336,678
$336.7K
Market Conditions
NOI Build-Up for 3,343 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.1K $13.80/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$43.3K $12.95/SF
− OpEx
−$13.0K −$3.88/SF
NOI
$30.3K $9.06/SF
Area
Polk County, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,020
Cap Rate 7%
$432,871
Cap Rate 9%
$336,678
Alternative Uses
Best Use
Multifamily LT 5
$432.9K
$378.8K – $505.0K
NOI $30,301 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$386.1K
$337.8K – $450.4K
NOI $27,025 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$504.6K
$441.5K – $588.7K
NOI $35,320 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on 0.63 acres zoned R4, built in 2003, featuring three three-bedroom units with washer and dryer hookups.
Where is this triplex located?
The property is located at 1860-70-80 S Pike Avenue Bolivar, MO.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three units, each with three bedrooms and two bathrooms; Washer and dryer hookups with washer and dryer conveying; Full kitchen appliance package incl range, refrigerator, dishwasher, and disposal
