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Remodeled Multifamily Apartment Property
For Sale
$799,900

515 Nebraska Avenue, West Plains, MO 65775

Commercial Sale, West Plains, MO

Property SizeContact for details
Lot Size0.50 Acres
Days on Market550

Property Features for 515 Nebraska Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Multi-family
Bathrooms 9
Full bathrooms 9
Rooms Bathroom 3, Bathroom 9, Bathroom 1, Bathroom 2, Bathroom 8, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4
Subdivision Howell-Not in List
Lot features Level
View City
Directions South on Business 63 - Left on 2nd to Corner of 2nd and Nebraska
Standard status Active
APN 15402000040100201000
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2022

Utilities

Utilities Water Available
Heating system Electric (Heating)
Cooling system Electric, Central Air

Amenities

private deck
outdoor green space

Building Details

Year built 1972
Number of units 8
Roof type Composition
Listing Agency: United Country Missouri Ozarks Realty Inc.
Listed By: Kimberly Grennan · License #2006013557
Added: Mar 11, 2025 Changed: Sep 8 Last Checked: Sep 11 at 2:06PM
MLS# 60288890

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 multifamily property consists of a former church converted into remodeled apartments with open-concept layouts and contemporary finishes. Unit sizes include 850 square feet, 600 square feet, and 450 square feet, with one- and two-bedroom floor plans. Features include luxury vinyl flooring, quartz countertops, private decks, and appliances. The property also provides a spacious parking lot and outdoor green space.

The asset is located in West Plains within Howell County, near Missouri State University–West Plains, downtown, Ozarks Healthcare, restaurants, shopping, and everyday services. Zoning is designated multifamily. Heating is electric, cooling includes central air and electric systems, and water is available at the property.

Key Highlights

  • Former church converted into remodeled multifamily apartments
  • Unit sizes include 850 SF, 600 SF, and 450 SF layouts
  • One- and two‑bedroom floor plans with open‑concept interiors

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Locksmith Computer & Electronic Repair Catering Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby

Demographics for 65775, MO

24,519
Population
11,310
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
87%
High-School Grad
442.2 sq mi
ZIP Area
55
Density / Sq Mi
$48,854
Median Household Income
$33,830
Median Earnings
$776
Median Rent
$177,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Converted and updated apartment property with modern finishes, private decks, parking, and outdoor green space.
Where is this apartment building located?
The property is located at 515 Nebraska Avenue West Plains, MO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Former church converted into remodeled multifamily apartments; Unit sizes include 850 SF, 600 SF, and 450 SF layouts; One- and two‑bedroom floor plans with open‑concept interiors
More about this property
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