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Multifamily Property with Expansion Potential

410/422 S Jackson Avenue Joplin, MO 64801

410/422 S Jackson Avenue, Joplin, MO, 64801

$1,550,000

Pending

For Sale

$1,550,000

Pending

MULTI_FAMILY - Other - Joplin, MO

Property Size9,286 SF

Lot Size0.90 Acres

AddedDec 5, 2025

Days on Market222

Last RefreshJul 15 at 5:06 am

Property Features for 410/422 S Jackson Avenue

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Property condition: Under Construction
Bedrooms: 18
Bathrooms: 18
Rooms: Bedroom 3, Bedroom 7, Bedroom 18, Bedroom 16, Bedroom 1, Bathroom 5, Bedroom 14, Bedroom 17, Bathroom 14, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 15, Bathroom 2, Bedroom 5, Bathroom 18, Bathroom 7, Bedroom 8, Bathroom 16, Bedroom 10, Bathroom 3, Bathroom 17, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 9, Bathroom 10, Bathroom 11, Basement, Bedroom 4, Bathroom 12, Bathroom 8, Bathroom 13, Bathroom 15, Bedroom 6, Bedroom 12
Basement: Partial
Standard status: Pending
APN: 35-013283-0000
Size: 9,286 SF
Lot size: 0.90 Acres

Taxes and HOA fees

Tax Annual Amount: 637

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Number of units: 18
Flooring type: Vinyl, Laminate
Roof type: Rolled Hot Mop
Architectural style: Other

Listing agent Luke Gibson License #2015033987

Listing office GLENN GIBSON COMMERCIAL REAL ESTATE 2650 E 32nd Street Ste. 221, JOPLIN, MO

Listing date Dec 5, 2025

MLS# 256720 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.

Investment Insights

Based on property information with market context.

This multifamily property offers both current income and future growth potential. It features 14 ground-level one-bedroom, one-bath units, all of which are fully leased. Additionally, there are four new construction units underway, with projected delivery in early 2026. The property, originally a commercial office building, was redeveloped into a multifamily complex approximately six years ago. This redevelopment resulted in modernized layouts, updated systems, and efficient, low-maintenance construction. The existing units are single-level, providing accessibility and consistent tenant demand. The property is located in central Joplin, blocks from Downtown and close to employment centers, retail, and services. It has a strong rental history and a stable tenant base, combining immediate cash flow with new units to boost future revenue. The property size is 9286 square feet and the lot size is 0.9 acres.

Key Highlights

14 ground‑level 1 bed / 1 bath units, all fully leased
4 brand‑new units under construction, scheduled for completion and delivery in early 2026
Redeveloped from a former commercial office building into multifamily about 6 years ago

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.9k	$15.60
− Vacancy	−$11.6k	−$1.25
EGI	$133.3k	$14.35
− OpEx	−$60.0k	−$6.46
NOI	$73.3k	$7.89

9,286 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.05M

$916.3K – $1.22M (±1% cap)

NOI $73,300 @ 7.0% cap · market cap 4.73%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.80M

$2.45M – $3.27M (±1% cap)

NOI $196,120 @ 7.0% cap · market cap 12.65%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
MO
Joplin
64801
410/422 S Jackson Avenue

What type of property is this?

Apartment building - Leased units with new construction in central Joplin location.

Where is this apartment building located?

The property is located at 410/422 S Jackson Avenue Joplin, MO.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: 14 ground‑level 1 bed / 1 bath units, all fully leased; 4 brand‑new units under construction, scheduled for completion and delivery in early 2026; Redeveloped from a former commercial office building into multifamily about 6 years ago

410/422 S Jackson Avenue Joplin, MO 64801

MULTI_FAMILY - Other - Joplin, MO

Property Features for 410/422 S Jackson Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Downtown Joplin Office Suites

Multi-Building Flex Office/Warehouse Complex

Turnkey Medical Office Suite

Turnkey Flex Office and Shop

Restaurant Property with Event Center

Automotive Service and Showroom Building

Commercial Buildings on Rangeline

Active Self-Service Car Wash

Versatile Commercial Building in Joplin

Freestanding Commercial Building

Historic Restaurant and Lounge Building

Brick-Veneer Medical Office Building

FAQs