Duplex with Updated
For Sale
$99,900
1611 S Pearl Avenue, Joplin, MO 64804
Both residences are occupied, and tenants pay their own utilities.
Property Size1,113 SF
Price / SF$89.76
Days on Market81
Property Features for 1611 S Pearl Avenue
General Information
Standard status
Active
Size
1,113 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Tim Hopper · License #2021048147
(918) 848-0515
Source:
Onefiverealestate
Added: Aug 18
Changed: Nov 5
Last Checked: Nov 5 at 1:51PM
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 PRO 100 Inc., REALTORS
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Investment Insights
Based on property information with market context.
This duplex contains 1,113 square feet and dates to 1930. Both sides are currently rented. Side A includes an additional room that can serve as a bedroom, while Side B has a studio/bedroom configuration and has received recent updates. The roof was replaced within the past three years.
Tenants are responsible for utility costs.
Tenants are responsible for utility costs.
Key Highlights
- 1,113‑square‑foot duplex with both sides currently rented
- Side A has an additional room for bedroom use
- Side B features a studio/bedroom layout and recent updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,786
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,720
$175.7K
Cap Rate 7%
$125,514
$125.5K
Cap Rate 9%
$97,622
$97.6K
Market Conditions
NOI Build-Up for 1,113 SF
Gross rent
$17.4K $15.60/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$16.0K $14.35/SF
− OpEx
−$7.2K −$6.46/SF
NOI
$8.8K $7.89/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,720
Cap Rate 7%
$125,514
Cap Rate 9%
$97,622
Alternative Uses
Best Use
Multifamily LT 5
$135.8K
$118.8K – $158.4K
NOI $9,503 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$125.5K
$109.8K – $146.4K
NOI $8,786 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$335.8K
$293.8K – $391.8K
NOI $23,507 @ 7.0% cap · market cap 23.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
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Business Placement
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
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 - Both residences are occupied, and tenants pay their own utilities.
Where is this duplex located?
The property is located at 1611 S Pearl Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 1,113‑square‑foot duplex with both sides currently rented; Side A has an additional room for bedroom use; Side B features a studio/bedroom layout and recent updates
