Mixed-Use Downtown
For Sale
$325,000
Pending
215 N Main Avenue, Bolivar, MO 65613
MULTI_FAMILY - Bolivar, MO
Property Size3,360 SF
Lot Size0.06 Acres
Days on Market84
Property Features for 215 N Main Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-3
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking features
On Street
Subdivision
Original Bolivar
View
City
Elementary school
Bolivar
Middle school
Bolivar
High school
Bolivar
Directions
from downtown Bolivar, head north on North Main Ave, go 1.5 blocks and property is on your left.
Standard status
Pending
APN
89-11-0.1-02-004-025-006.00
Size
3,360 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BOLIVAR- ORIG PLAT- EAST 67.25' OF SOUTH 36' LOT 1 BLK 4
Tax Annual Amount
437
Legal Description
BOLIVAR- ORIG PLAT- EAST 67.25' OF SOUTH 36' LOT 1 BLK 4
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall Unit(s)
Building Details
Year built
1904
Number of units
4
Building materials
Brick
Roof type
Flat
Listing Agency:
Hubbert Realty
(417) 326-2227
Listed By:
Ryan Pinkston
(417) 770-7473
Added: May 8
Changed: Jul 27
Last Checked: Jul 30 at 5:06PM
MLS# 60323044
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.
Located at 215 N Main Avenue in Bolivar, this C-3 zoned mixed-use building is an iconic downtown property. Originally built as an early hotel, it has operated as Bolivar’s only dry cleaner for 91 years, and includes established commercial space plus three additional rental units.
The residential units consist of one 2 bed/1 bath loft-style apartment and two separate 1 bed/1 bath loft-style apartments, providing multiple income streams within the same downtown address. The property contains approximately 3,360 square feet on a 0.06-acre lot and is offered for sale as a single investment.
The residential units consist of one 2 bed/1 bath loft-style apartment and two separate 1 bed/1 bath loft-style apartments, providing multiple income streams within the same downtown address. The property contains approximately 3,360 square feet on a 0.06-acre lot and is offered for sale as a single investment.
Key Highlights
- Historic downtown property at 215 N Main Ave, built in 1904, with brick construction and a flat roof
- Operating as Bolivar’s only dry cleaner for 91 years, with established commercial income plus multiple rentals
- Includes three additional rental units: 2 bed/1 bath loft‑style, 1 bed/1 bath loft‑style, and a 1 bed/1 bath NYC‑inspired unit
Financial Insights For Apartment 5plus
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 | $52.8k | $15.72 |
| − Vacancy | −$3.4k | −$1.02 |
| EGI | $49.4k | $14.70 |
| − OpEx | −$22.2k | −$6.61 |
| NOI | $27.2k | $8.08 |
3,360 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.1K
$380.7K – $507.6K
NOI $30,455 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$388.0K
$339.5K – $452.7K
NOI $27,162 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$507.1K
$443.7K – $591.7K
NOI $35,499 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
664
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - C-3 zoned building with established commercial space and three loft-style rental units in downtown Bolivar.
Where is this quadplex located?
The property is located at 215 N Main Avenue Bolivar, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Historic downtown property at 215 N Main Ave, built in 1904, with brick construction and a flat roof; Operating as Bolivar’s only dry cleaner for 91 years, with established commercial income plus multiple rentals; Includes three additional rental units: 2 bed/1 bath loft‑style, 1 bed/1 bath loft‑style, and a 1 bed/1 bath NYC‑inspired unit
