Contemporary Three-Bedroom
For Sale
Under Contract
$299,900
152 Sterling Way, Hollister, MO 65672
Residential, Hollister, MO
Property Size1,685 SF
Lot Size0.32 Acres
Price / SF$177.98
Days on Market601
Property Features for 152 Sterling Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 3
Parking features
Driveway, Garage
Window features
Double Pane Windows, Blinds
Patio and Porch features
Porch, Deck
Interior features
Walk-In Closet(s), Tile Counters, High Ceilings, Walk-in Shower, High Speed Internet
Fireplace
1
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Free-Standing Electric Oven, Dryer, Washer, Microwave, Refrigerator, Electric Water Heater, Disposal
Subdivision
Sterling Estates
Elementary school
Hollister
Middle school
Hollister
High school
Hollister
Directions
From 65 South exit right onto Buss 65. Top of the hill turn left on to 165 at C of O, stay on 165 for 4 miles (It will turn right at the stop sign to stay on 165). Turn right on Iowa Colony then right on Sterling Way. Home is last unit on right.
Standard status
Active Under Contract
APN
18-6.0-24-002-004-010.009
Size
1,685 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
See Attached in Documents
Tax Annual Amount
2167
HOA Fee
$350 Annually
Legal Description
See Attached in Documents
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Fireplace(s), Central, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Amenities
jetted tub
covered deck
Building Details
Year built
2007
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Brick, Vinyl Siding
Roof type
Asbestos Shingle
Architectural style
Contemporary
Listing Agency:
RE/MAX SHOWTIME
(417) 567-0112
Listed By:
Will Caetta
(417) 294-5381
Added: Jan 29, 2025
Changed: Sep 20
Last Checked: Sep 22 at 3:06AM
MLS# 60286057
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.
Located at 152 Sterling Way in Hollister, this contemporary half-duplex offers 1,685 square feet with 3 bedrooms, 2 bathrooms, and a 2-car garage. The interior includes an open floor plan, high ceilings, arched doorways, tile counters, walk-in closets, a walk-in shower, and a primary suite with dual sinks and a jetted tub. Central heating and cooling are provided by a heat pump system, and the home includes a fireplace, kitchen appliances, washer, dryer, and electric water heater.
Outdoor features include a covered deck accessible from the primary suite and living room, a fenced backyard, and additional space beneath the deck. The property sits on 0.32 acres, was built in 2007, and has public sewer service. Recent improvements include a new HVAC system, new water heater, storm doors, and upgraded carpeting.
Outdoor features include a covered deck accessible from the primary suite and living room, a fenced backyard, and additional space beneath the deck. The property sits on 0.32 acres, was built in 2007, and has public sewer service. Recent improvements include a new HVAC system, new water heater, storm doors, and upgraded carpeting.
Key Highlights
- 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 1,685 square feet on a 0.32‑acre lot
- Contemporary half‑duplex built in 2007
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
$15,302
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
5.10%
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%
$306,040
$306.0K
Cap Rate 7%
$218,600
$218.6K
Cap Rate 9%
$170,022
$170.0K
Market Conditions
NOI Build-Up for 1,685 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
$23.7K $14.04/SF
− Vacancy
−$1.8K −$1.07/SF
EGI
$21.9K $12.97/SF
− OpEx
−$6.6K −$3.89/SF
NOI
$15.3K $9.08/SF
Area
Taney County, MO
Vacancy
7.60%
Lease Rate
$14.04 /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%
$306,040
Cap Rate 7%
$218,600
Cap Rate 9%
$170,022
Alternative Uses
Best Use
Multifamily LT 5
$218.6K
$191.3K – $255.0K
NOI $15,302 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$194.4K
$170.1K – $226.8K
NOI $13,608 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$329.3K
$288.1K – $384.2K
NOI $23,051 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 65672, MO
8,548
Population
4,696
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
57.0 sq mi
ZIP Area
150
Density / Sq Mi
$60,407
Median Household Income
$29,235
Median Earnings
$878
Median Rent
$172,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated half-duplex with open living areas, private covered deck, garage, and public sewer service.
Where is this duplex located?
The property is located at 152 Sterling Way Hollister, MO.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3 bedrooms, 2 bathrooms, and a 2‑car garage; 1,685 square feet on a 0.32‑acre lot; Contemporary half‑duplex built in 2007
