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Interior-Corridor 18-Unit Apartment
For Sale
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505 Oak St, Poplar Bluff, MO 63901

18 two-bedroom, one-bath units with washer/dryer hookups and separate electric metering; water and trash are paid by the landlord.

Property SizeContact for details
Days on Market122

Property Features for 505 Oak St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 18

Building Details

Year Renovated 2021
Listing Agency: BAC Properties LLC
Listed By: Alanna Caldarella · License #2023010106
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 9:56AM

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 BAC Properties LLC

Investment Insights

Based on property information with market context.

The property offers 18 apartment units, each configured as two bedrooms and one bathroom. Units include washer and dryer hookups and appliances, and the building is set up with interior corridor access. The seller reports a partial renovation completed in 2021, with consistent rental history since then. The property is being sold as-is.

All units are metered separately, and tenants pay their own electric. The landlord pays for water and trash.

According to the provided remarks, current management is willing to stay in place through the ownership transition if desired. The seller also notes NOI of $39,992 for May–December 2022, with an estimate of $59,000 annually if rents remained the same.

Key Highlights

  • 18‑unit multifamily with all units featuring 2 bedrooms and 1 bath
  • All units have washer/dryer hook‑ups and include appliances
  • Interior corridor unit layout

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Building Supply Parking Lot & Garage Accounting Firm Kitchen & Bath Showroom

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby

Demographics for 63901, MO

34,354
Population
15,478
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
285.0 sq mi
ZIP Area
121
Density / Sq Mi
$49,979
Median Household Income
$31,510
Median Earnings
$785
Median Rent
$143,200
Median Home Value

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 - 18 two-bedroom, one-bath units with washer/dryer hookups and separate electric metering; water and trash are paid by the landlord.
Where is this apartment building located?
The property is located at 505 Oak St Poplar Bluff, MO.
What are key features of this property?
This property features: 18‑unit multifamily with all units featuring 2 bedrooms and 1 bath; All units have washer/dryer hook‑ups and include appliances; Interior corridor unit layout
More about this property
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