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    Three-Unit Income Property Title is generated by Realmo AI

    1920 S Connor Avenue, Joplin, MO 64804

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    Claim this Listing
    For Sale
    $229,900

    MULTI_FAMILY - Joplin, MO

    Property size:
    2,374 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $96/SF
    Added:
    Feb 3, 2026
    Days on Market:
    144
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 1920 S Connor Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
    Basement
    Crawl Space
    Standard status
    Active
    Size
    2,374 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    709

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    3
    Flooring type
    Wood
    Roof type
    Composition

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    Contact an agent
    Pink Homes, Brian Pink

    Listing agent Pink Homes, Brian Pink License #2018018296

    Listing office KELLER WILLIAMS REALTY ELEVATE 619 S Florida, Joplin, MO

    Listing date Feb 3, 2026

    MLS# 260556 Listing URL

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three‑unit property built in 1920
    • Main home: 2‑bedroom, 1‑bath
    • Separate building with two additional 1‑bedroom, 1‑bath units
    • Total rent roll of $2,275 per month
    • Heating includes natural gas with central heat
    • Cooling includes central air and window unit(s)

    Overview

    1920 S Connor Avenue is a three-unit residential income property configured with a 2-bedroom, 1-bath main home and a separate building containing two additional 1-bedroom, 1-bath units. The property is set up for separate tenancy across three total units, supported by a simple, straightforward layout. Total building size is 2,374 square feet on a 0.14-acre lot.

    The property is located at 1920 S Connor Avenue in Joplin, Missouri (Jasper County), 64804. It operates with a current total rent roll of $2,275 per month, reflecting income from all three units.

    For buyers seeking a multi-unit portfolio addition, this structure offers a practical way to own multiple rental homes within a single purchase. The split configuration between the main home and the two-unit building can appeal to investors looking for a clear, unit-by-unit arrangement, with rental income already in place across the three apartments.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $31.3k $13.20
    − Vacancy −$2.4k −$1.00
    EGI $29.0k $12.20
    − OpEx −$8.7k −$3.66
    NOI $20.3k $8.54
    2,374 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $289.6K
    $253.4K – $337.8K (±1% cap)
    NOI $20,269 @ 7.0% cap · market cap 8.82%
    Second Best
    Apartment 5plus
    $267.7K
    $234.2K – $312.3K (±1% cap)
    NOI $18,739 @ 7.0% cap · market cap 8.15%
    Theoretical Best
    Office A
    $716.3K
    $626.7K – $835.7K (±1% cap)
    NOI $50,139 @ 7.0% cap · market cap 21.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.523496
    Latitude
    37.07008

    FAQs

    What type of property is this?
    Triplex - Three-unit residential income building with a 2-bedroom, 1-bath main home and two 1-bedroom, 1-bath units.
    Where is this triplex located?
    The property is located at 1920 S Connor Avenue Joplin, MO.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Three‑unit property built in 1920; Main home: 2‑bedroom, 1‑bath; Separate building with two additional 1‑bedroom, 1‑bath units
    More about this property
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