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    Tanglewood Pl West Plains, MO 65775

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    Sponsored
    For Sale
    $1,700,000

    MULTI_FAMILY - West Plains, MO

    Property size:
    12,500 SF
    Lot size:
    2.50 Acres
    Days on Market:
    23
    Last Refresh:
    Mar 12 at 3:06 pm

    Property Features for Tanglewood Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Muti family R-2
    Rooms
    Bedroom 14, Bedroom 1, Bedroom 8, Bedroom 22, Bedroom 3, Bedroom 26, Bedroom 9, Bedroom 15, Bedroom 18, Bedroom 4, Bedroom 25, Bedroom 11, Bedroom 2, Bedroom 13, Bedroom 16, Bedroom 17, Bedroom 5, Bedroom 7, Bedroom 10, Bedroom 19, Bedroom 24, Bedroom 12, Bedroom 23, Bathroom 1, Bedroom 20, Bedroom 21, Bedroom 6
    Bedrooms
    26
    Bathrooms
    1
    APN
    15-8.0-28-001-016-013.0000
    Appliances
    Range, Disposal, Dishwasher, Dryer, Washer, Refrigerator, Microwave
    Size
    12,500 SF
    Lot size
    2.50 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central
    Cooling system
    Central Air, Heat Pump, Ceiling Fan(s)

    Building Details

    Year built
    1995
    Number of units
    13
    Building materials
    Vinyl Siding, Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Calvin Chambers
    Calvin Chambers

    Southern Missouri Homes and Farms LLC (417) 712-0077

    Listing agent Calvin Chambers (417) 222-6887

    Listing date Feb 17, 2026

    MLS# 60306152 Listing URL

    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.

    Learn more

    Overview

    West Plains Multifamily Investment Opportunity

    This well-maintained multifamily property on Tanglewood Place in West Plains, MO, presents a unique investment opportunity. The property includes six duplexes, totaling 12 units, each approximately 950 square feet with 2 bedrooms, 1.5 baths, a laundry room, and an attached 1-car garage. Additionally, there is a 2-bedroom, 1.5-bath home of approximately 1,100 square feet with an attached carport and a large detached garage/storage building. All appliances are included, such as refrigerators, electric stoves, built-in microwaves, washers, dryers, and kitchen garbage disposals. Each garage has a remote opener. The bedrooms are carpeted, while the laundry, baths, and kitchens have vinyl flooring, and the living rooms feature wood laminate floors. Each unit has ceiling fans in the largest bedroom and the living room. All units are connected to city water and sewer. One duplex has a full basement used by tenants for storage and as a safe place during severe weather. This community is located on a cul-de-sac with a private street. Each unit is separately metered, with tenants paying their own electric and propane (for heating only). The property has been under the same ownership for 30 years. The duplexes currently rent for $650 per month, with new occupancies at $750, and the home rents for $850 per month. The property, zoned Muti family R-2, sits on a 2.5-acre lot. The property size is 12,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    West Plains
    County
    Howell
    State
    Missouri
    Longitude
    -91.846532
    Latitude
    36.722996

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    FAQs

    What type of property is this?
    Apartment building - Thirteen-unit multifamily property with upside potential in West Plains, MO.
    Where is this apartment building located?
    The property is located at Tanglewood Pl West Plains, MO.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Unique investment opportunity: 13 rental units (12 duplex units and 1 single-family home) on a private cul-de-sac.; - Turn-key units: All appliances included in all units.; - Income potential: Below-market rents with opportunity to increase cash flow.
    (417) 894-8005
    Request Owner's contact information
    Tanglewood Pl West Plains, MO 65775
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    West Plains, MO 65775
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tanglewood Pl West Plains, MO 65775
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    We can help!
    Listing Contact
    Calvin Chambers
    Calvin Chambers
    Real Estate License ID: 2017006757
    (417) 894-8005 (417) 222-6887
    Learn more
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