Four-Unit Apartment
125-131 S Saint Louis Avenue, Joplin, MO 64801
For Sale
New
$335,000
Pending
Four separate residences share a single ownership, each configured with two bedrooms and one bathroom.
Property Size3,608 SF
Days on Market3
Property Features for 125-131 S Saint Louis Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Plank,Ceramic
Yes
4
No
0.14
.1435 acre
3608.0
Building Details
Building Size
Year Built
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
Listed By:
Shannon Chew
Source:
Pryerrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY ELEVATE
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,608 square feet across four residences. Each unit has two bedrooms and one bathroom, providing a consistent layout throughout the property. Built in 1985, the building has plank and ceramic flooring.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,608 square feet of building area
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,804
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
$616.1K
Cap Rate 7%
$440,057
$440.1K
Cap Rate 9%
$342,267
$342.3K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$47.6K $13.20/SF
− Vacancy
−$3.6K −$1.00/SF
EGI
$44.0K $12.20/SF
− OpEx
−$13.2K −$3.66/SF
NOI
$30.8K $8.54/SF
Area
Jasper County, MO
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
Cap Rate 7%
$440,057
Cap Rate 9%
$342,267
Alternative Uses
Best Use
Multifamily LT 5
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$406.9K
$356.0K – $474.7K
NOI $28,480 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.09M
$952.5K – $1.27M
NOI $76,201 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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Business Placement
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences share a single ownership, each configured with two bedrooms and one bathroom.
Where is this quadplex located?
The property is located at 125-131 S Saint Louis Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,608 square feet of building area; Built in 1985
