Duplex with Attached One-Car
For Sale
$305,000
420 & 422 W Bradford Street, Bolivar, MO 65613
MULTI_FAMILY - Bolivar, MO
Property Size2,514 SF
Lot Size0.40 Acres
Price / SF$121.32
Days on Market30
Property Features for 420 & 422 W Bradford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1
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
11-0.6-14-000-000-001.042
Size
2,514 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1847
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Amenities
washer and dryer hookups and included appliances
full kitchen appliance package
Building Details
Year built
2003
Number of units
2
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 12:06PM
MLS# 60329729
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 duplex offers two residential units in a well-maintained brick and vinyl siding exterior, built in 2003. Each unit includes an attached one-car garage, washer and dryer hookups with the washer and dryer included, and a full kitchen appliance package featuring a range, refrigerator, dishwasher, disposal, and microwave-free coverage indicated by the listed appliances. Interior finishes include carpet, and the homes are supported by forced-air heating with central air conditioning and ceiling fans. The property also connects to public sewer and has a composition roof.
The duplex is located at 420 & 422 W Bradford Street in Bolivar, Missouri, in R4 zoning. The setting is described as being just around the corner from Southwest Baptist University, and the property is currently fully leased.
The duplex is located at 420 & 422 W Bradford Street in Bolivar, Missouri, in R4 zoning. The setting is described as being just around the corner from Southwest Baptist University, and the property is currently fully leased.
Key Highlights
- R4 zoning duplex at 420 & 422 W Bradford Street
- 0.4‑acre lot with 2,514 square feet
- Built in 2003 with brick and vinyl siding
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
$22,787
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
7.47%
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%
$455,740
$455.7K
Cap Rate 7%
$325,529
$325.5K
Cap Rate 9%
$253,189
$253.2K
Market Conditions
NOI Build-Up for 2,514 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
$34.7K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$32.6K $12.95/SF
− OpEx
−$9.8K −$3.88/SF
NOI
$22.8K $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%
$455,740
Cap Rate 7%
$325,529
Cap Rate 9%
$253,189
Alternative Uses
Best Use
Multifamily LT 5
$325.5K
$284.8K – $379.8K
NOI $22,787 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,323 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
248
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?
Duplex - Well-maintained duplex in Bolivar, MO with attached one-car garages per unit and a full kitchen appliance package.
Where is this duplex located?
The property is located at 420 & 422 W Bradford Street Bolivar, MO.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: R4 zoning duplex at 420 & 422 W Bradford Street; 0.4‑acre lot with 2,514 square feet; Built in 2003 with brick and vinyl siding
