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Historic Mixed-Use Property with Apartments
For Sale
$190,000

601 Water St, Princeton, MO 64673

Historic building combining two apartments, dedicated business space, and substantial storage near Princeton’s town square.

Property Size5,500 SF
Price / SF$34.55
Days on Market16

Property Features for 601 Water St

General Information

Standard status Active
Size 5,500 SF
Property subtype Multi-Family

Amenities

storage room

Building Details

Year Built 1890
Buildings 1
Building Size 5,500 SF
Listing Agency: Platinum Realty LLC
Listed By: Integrity Home Team
Source: Integrityhometeam
Added: Aug 14 Changed: Aug 28 Last Checked: Aug 28 at 10:16AM

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 Platinum Realty LLC

Investment Insights

Based on property information with market context.

This mixed-use building contains approximately 5,500 total square feet and was built in 1890. The residential component includes two apartment units: one two-bedroom residence and one one-bedroom residence. One apartment is currently occupied by tenants. Separate commercial space provides room for business operations, while a large storage room adds functional capacity for inventory, equipment, or other property needs.

The property is within Princeton city limits at 601 Water St, just off the historic town square. Its setting places the building near local shops, dining, and community events, with access to both residential and commercial activity. The combination of apartment units, business space, and storage creates a flexible mixed-use configuration for an owner-occupant or investor.

Key Highlights

  • Approximately 5,500 total square feet in a mixed‑use building
  • Built in 1890
  • Two apartments: one two‑bedroom unit and one one‑bedroom unit

Property Analytics

Current Use

Power Lawn Care ... Landscaping

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Plumbing Service Grocery & Convenience Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 64673, MO

2,470
Population
1,238
Households
2
Avg Household Size
42
Median Age
17%
College-Educated
89%
High-School Grad
236.8 sq mi
ZIP Area
10
Density / Sq Mi
$55,227
Median Household Income
$40,000
Median Earnings
$550
Median Rent
$91,400
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?
Mixed-use property - Historic building combining two apartments, dedicated business space, and substantial storage near Princeton’s town square.
Where is this mixed-use property located?
The property is located at 601 Water St Princeton, MO.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Approximately 5,500 total square feet in a mixed‑use building; Built in 1890; Two apartments: one two‑bedroom unit and one one‑bedroom unit
More about this property
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