Updated
For Sale
$165,000
1421 W Rainey Street, Ozark, MO 65721
DUPLEX - Ozark, MO
Property Size876 SF
Lot Size0.09 Acres
Price / SF$188.36
Days on Market98
Property Features for 1421 W Rainey Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Rain Gutters
Appliances
Electric Cooktop, Electric Water Heater, Dishwasher
Subdivision
Oak Hills
Lot features
Cul-De-Sac
Elementary school
OZ South
Middle school
Ozark
High school
Ozark
Directions
65 Hwy to Ozark, E on F Hwy to 15th St., S on Rainey.
Standard status
Active
APN
110834001001132000
Size
876 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 12 OAK HILL PLACE 2TH ADD PH 2
Tax Annual Amount
879
Legal Description
LOT 12 OAK HILL PLACE 2TH ADD PH 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1995
Floors in Building
1
Flooring type
Vinyl
Roof type
Asphalt
Listing Agency:
EXP Realty LLC
(866) 224-1761
Listed By:
Veronica Perez Tomanek · License #2018026718
(417) 848-3876
Added: May 15
Changed: Aug 7
Last Checked: Aug 20 at 12:06PM
MLS# 60323882
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.
Investment Insights
Based on property information with market context.
This half-duplex provides 876 square feet with two bedrooms and one bathroom. Interior improvements include updated flooring and fresh paint, while the roof was replaced on 4/26 after storm damage. The home also includes a one-car garage, porch, rain gutters, vinyl flooring, forced-air heating, central air, and ceiling fans.
Located at 1421 W Rainey Street in Ozark, Missouri, the property sits on a 0.09-acre lot with public sewer service. Kitchen equipment includes an electric cooktop, electric water heater, and dishwasher. The 1995-built residence is configured as one side of a duplex and includes a driveway for off-street parking.
Located at 1421 W Rainey Street in Ozark, Missouri, the property sits on a 0.09-acre lot with public sewer service. Kitchen equipment includes an electric cooktop, electric water heater, and dishwasher. The 1995-built residence is configured as one side of a duplex and includes a driveway for off-street parking.
Key Highlights
- 876‑square‑foot half‑duplex with 2 bedrooms and 1 bathroom
- One‑car garage, driveway, and porch
- Roof replaced on 4/26 after storm damage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$158,800
$158.8K
Cap Rate 7%
$113,429
$113.4K
Cap Rate 9%
$88,222
$88.2K
Market Conditions
NOI Build-Up for 876 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.1K $13.80/SF
− Vacancy
−$746 −$0.85/SF
EGI
$11.3K $12.95/SF
− OpEx
−$3.4K −$3.88/SF
NOI
$7.9K $9.06/SF
Area
Christian County, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$158,800
Cap Rate 7%
$113,429
Cap Rate 9%
$88,222
Alternative Uses
Best Use
Multifamily LT 5
$113.4K
$99.3K – $132.3K
NOI $7,940 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$101.2K
$88.5K – $118.0K
NOI $7,082 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$132.2K
$115.7K – $154.3K
NOI $9,255 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence with refreshed flooring, interior paint, and a private driveway.
Where is this duplex located?
The property is located at 1421 W Rainey Street Ozark, MO.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 876‑square‑foot half‑duplex with 2 bedrooms and 1 bathroom; One‑car garage, driveway, and porch; Roof replaced on 4/26 after storm damage
