10-Unit Duplex
For Sale
$1,050,000
1501-1515 Case, Carthage, MO 64836
MultiFamily, Carthage, MO
Property Size10,000 SF
Lot Size0.64 Acres
Price / SF$105
Days on Market53
Property Features for 1501-1515 Case
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
20
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 7, Bedroom 14, Bedroom 8, Bedroom 18, Bedroom 13, Bathroom 10, Bedroom 10, Bedroom 1, Bedroom 15, Bedroom 19, Bedroom 5, Bedroom 12, Bedroom 17, Bathroom 7, Bedroom 2, Bathroom 9, Bedroom 16, Bedroom 4, Bathroom 3, Bathroom 8, Bathroom 5, Bedroom 3, Bedroom 9, Bedroom 11, Bedroom 6, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 20
Basement
Crawl Space
Elementary school
Carthage
Middle school
Carthage
Elementary school district
Carthage
Middle school district
Carthage
High school district
Carthage
Directions
Carthage - from 96 (W Central Ave), South on Baker to Centennial, East to property (807-809 Centennial) Additional duplexes - Centennial to Case, North to properties.
Subdivision
09 - Carthage Area
Standard status
Active
APN
14-2.0-09-20-040-001.000
Size
10,000 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Annual Amount
4379
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
10
Flooring type
Vinyl, Plank
Roof type
Composition
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Shannon Chew · License #2016007886
(417) 622-1702
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 6 at 5:06AM
MLS# 265289
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This residential income package combines multiple duplex buildings totaling 10 rental units across properties on Case Street and Centennial. Each residence is configured with two bedrooms and one bathroom, creating consistent layouts throughout the offering. The combined property size is 10,000 square feet on 0.64 acres.
Interior finishes include plank and vinyl flooring, while building systems include electric and central heating with central air conditioning. Composition roofs complete the improvements. The properties are located at 1501, 1503, 1505, 1507, 1509, 1511, 1513, and 1515 Case, plus 807 and 809 Centennial in Carthage, Missouri.
Interior finishes include plank and vinyl flooring, while building systems include electric and central heating with central air conditioning. Composition roofs complete the improvements. The properties are located at 1501, 1503, 1505, 1507, 1509, 1511, 1513, and 1515 Case, plus 807 and 809 Centennial in Carthage, Missouri.
Key Highlights
- 10 rental units across multiple duplex buildings
- Each unit includes 2 bedrooms and 1 bathroom
- Combined property size of 10,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,378
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,560
$1.7M
Cap Rate 7%
$1,219,686
$1.2M
Cap Rate 9%
$948,644
$948.6K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$132.0K $13.20/SF
− Vacancy
−$10.0K −$1.00/SF
EGI
$122.0K $12.20/SF
− OpEx
−$36.6K −$3.66/SF
NOI
$85.4K $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%
$1,707,560
Cap Rate 7%
$1,219,686
Cap Rate 9%
$948,644
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,378 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.13M
$986.7K – $1.32M
NOI $78,936 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,200 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Multiple rental residences offer consistent two-bedroom, one-bathroom layouts with central heating and cooling.
Where is this duplex located?
The property is located at 1501-1515 Case Carthage, MO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 10 rental units across multiple duplex buildings; Each unit includes 2 bedrooms and 1 bathroom; Combined property size of 10,000 square feet
