Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three Residential Income Properties Title is generated by Realmo AI

    1331 N Howell Avenue, West Plains, MO 65775

    View on Map
    Claim this Listing
    For Sale
    $209,900

    Three well-maintained rental properties near schools and amenities.

    Type:Multi-Family
    Property size:
    1,440 SF
    Price / SF:
    $145/SF
    Added:
    Jul 22, 2025
    Days on Market:
    319
    Last Refresh:
    May 12 at 9:27 pm

    Property Features for 1331 N Howell Avenue

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1942

    We can help!

    Listing Contact
    Kory Taylor

    Listing agent Kory Taylor

    Listing office Century 21 Ozark Hills Realty, Inc.

    Listing date Jul 22, 2025

    Source Xome

    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 Century 21 Ozark Hills Realty, Inc.

    HighLights

    • Three adjacent rental properties offer a significant investment opportunity.
    • Includes two 1‑bedroom, 1‑bath homes and one 2‑bedroom, 1‑bath home.
    • Walking distance to West Plains schools, tennis courts, and baseball fields.
    • Each unit has dedicated parking spaces, plus street parking.
    • Well‑maintained units with updated interiors and exteriors.
    • One 1‑bedroom home has a back deck, and the 2‑bedroom home has a covered back deck.

    Overview

    This offering presents an opportunity to acquire three residential income properties situated adjacent to one another. The property includes two 1-bedroom, 1-bath homes and one 2-bedroom, 1-bath home. Each unit is provided with dedicated parking spaces, supplemented by available street parking. One of the 1-bedroom homes features a back deck, while the 2-bedroom home includes a covered back deck. The properties are located within walking distance of West Plains schools, tennis courts, baseball fields, and other amenities. The total property size is 1440 square feet. These units have been well-maintained.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Plains
    County
    Howell
    State
    Missouri
    Longitude
    -91.845565
    Latitude
    36.741477

    Nearby Similar for Sale

    • $799,000
      17,200 SF

      West Plains Warehouse on 6.34 Acres

      17,200 SF warehouse with retail space on 6.34 acres.
      1205 Bratton Avenue, West Plains, MO 65775
      View Details
    • $625,000
      4,320 SF

      New Construction Quadplex in West Plains

      New construction quadplex, turn-key, ready to rent in West Plains.
      2812 Burke Avenue, West Plains, MO 65775
      View Details
    • $1,800,000

      Versatile Commercial Property on Highway 63

      4.93-acre commercial property with high visibility and multiple buildings.
      3711 N US Hwy 63, West Plains, MO 65775
      View Details
    • $675,000

      Turnkey Storage Investment Opportunity

      86-unit storage facility with growth potential in West Plains.
      100 Luna Drive, West Plains, MO 65775
      View Details
    • $475,000

      West Plains Commercial Building

      Commercial building near hospital, clinics, pharmacies, and shopping.
      808 Kentucky Avenue, West Plains, MO 65775
      View Details
    • $1,250,000

      West Plains Multifamily Investment Opportunity

      Cash-flowing 10-unit complex with expansion potential on 3 acres.
      1380 Co Rd 8530, West Plains, MO 65775
      View Details
    • $1,250,000

      West Plains Multifamily Investment

      Well-maintained 12-unit apartment building in central location.
      1455 7th Street, West Plains, MO 65775
      View Details
    • $319,900
      3,125 SF

      Medical Office Space Near Hospital

      3,125 SF medical suite connected to Ozarks Healthcare Hospital.
      1115 Alaska Street, West Plains, MO 65775
      View Details
    • $1,250,000

      West Plains Retail Opportunity

      Charming commercial building with retail and potential living space.
      1282 County Road 8690, West Plains, MO 65775
      View Details
    • $57,900
      1,084 SF

      Highway Frontage Commercial Property

      Commercial property with high visibility and highway access.
      11508 Us Highway 63, West Plains, MO 65775
      View Details
    • $164,900

      West Plains Farm Land

      18.8 acre farm with barn, pond, and utilities.
      11277 County Road 8530, West Plains, MO 65775
      View Details
    • $149,900

      West Plains Office For Sale

      Corner lot office space with ample parking in West Plains.
      1618 Gibson Avenue, West Plains, MO 65775
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three well-maintained rental properties near schools and amenities.
    Where is this multifamily property located?
    The property is located at 1331 N Howell Avenue West Plains, MO.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: Three adjacent rental properties offer a significant investment opportunity.; Includes two 1‑bedroom, 1‑bath homes and one 2‑bedroom, 1‑bath home.; Walking distance to West Plains schools, tennis courts, and baseball fields.
    (417) 255-2121
    We can help!
    Listing Contact
    Kory Taylor
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1331 N Howell Avenue, West Plains, MO 65775
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!