Leased Duplex with In-Law
Joplin, MO 64801 Joplin, MO 64801
New
For Sale
$265,000
MULTI_FAMILY - Joplin, MO
Property Size2,040 SF
Lot Size0.21 Acres
Price / SF$129.90
Days on Market5
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3
- Basement
- Partial, Unfinished
- Standard status
- Active
- Size
- 2,040 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1091
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Carpet
- Roof type
- Shingle
Listing Agency:
Heartland Land Company, LLC
(913) 210-0679
Listed By:
Matt McClintick · License #2019012656
(785) 550-1917
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 27 at 5:06AM
MLS# 264074
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 residential income property is a duplex with two separate living areas: a two-bedroom, one-and-a-half-bath unit and a one-bedroom, one-bath in-law suite. Both units are currently leased, providing immediate rental income, and the buyer will assume and honor the existing leases through their respective expiration dates. Listing photos reflect a previous listing because both units are tenant occupied.
The property is located in Joplin, Missouri, in a convenient area near everyday amenities including shopping, dining, and schools.
With a total size of 2,040 square feet on a 0.21-acre lot, the property offers two distinct residential setups suited to rental income or owner-occupancy flexibility.
The property is located in Joplin, Missouri, in a convenient area near everyday amenities including shopping, dining, and schools.
With a total size of 2,040 square feet on a 0.21-acre lot, the property offers two distinct residential setups suited to rental income or owner-occupancy flexibility.
Key Highlights
- Two‑unit setup: 2‑bedroom, 1.5‑bath unit plus 1‑bedroom, 1‑bath in‑law suite
- Both units are currently leased, providing immediate rental income
- Buyer will assume and honor existing leases through their respective expiration dates
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 | $26.9k | $13.20 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $24.9k | $12.20 |
| − OpEx | −$7.5k | −$3.66 |
| NOI | $17.4k | $8.54 |
2,040 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.8K
$217.7K – $290.3K
NOI $17,417 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex includes a 2-bedroom unit with 1.5 baths and a 1-bedroom in-law suite, both currently leased.
Where is this duplex located?
The property is located at Joplin, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit setup: 2‑bedroom, 1.5‑bath unit plus 1‑bedroom, 1‑bath in‑law suite; Both units are currently leased, providing immediate rental income; Buyer will assume and honor existing leases through their respective expiration dates
