Duplex with Updated
For Sale
$99,900
1611 S Pearl Avenue, Joplin, MO 64804
MULTI_FAMILY - Joplin, MO
Property Size1,113 SF
Lot Size0.15 Acres
Price / SF$89.76
Days on Market19
Property Features for 1611 S Pearl Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking features
On Street
Appliances
Range, Refrigerator
Subdivision
Jasper-Not in List
View
City
Elementary school
Cecil Floyd
Middle school
North
High school
Joplin
Directions
From Main St & 15th, head West on 15th, turn south on Pearl Ave, the property will be on the East side of the street.
Standard status
Active
APN
19-2.0-10-40-33-4.0
Size
1,113 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Jop Misc Lot 34
Tax Annual Amount
420
Legal Description
Jop Misc Lot 34
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1930
Number of units
2
Building materials
Frame
Roof type
Composition, Asphalt
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Tim Hopper · License #2021048147
(918) 848-0515
Added: Aug 14
Changed: Aug 17
Last Checked: Sep 1 at 5:06PM
MLS# 60331688
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 duplex contains 1113 square feet within a frame construction built in 1930. Both sides are currently rented. Side B is arranged as a studio/bedroom unit, while Side A includes additional room that can function as a bedroom. Recent improvements include updates to Side B and a roof installed within the last 3 years.
The property sits on 0.15 acres at 1611 S Pearl Avenue in Joplin, Missouri. It is zoned Residential and served by public sewer, with natural gas available. Heating includes central and wall furnace systems, while cooling is provided by central air and window units. On-street parking is available, and the property includes a range and refrigerator.
The property sits on 0.15 acres at 1611 S Pearl Avenue in Joplin, Missouri. It is zoned Residential and served by public sewer, with natural gas available. Heating includes central and wall furnace systems, while cooling is provided by central air and window units. On-street parking is available, and the property includes a range and refrigerator.
Key Highlights
- Duplex with 1113 square feet on a 0.15‑acre lot
- Both units are currently rented
- Side B configured as a studio/bedroom unit
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
$8,786
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
8.79%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with current occupancy, separate side configurations, and on-street parking in Joplin.
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: Duplex with 1113 square feet on a 0.15‑acre lot; Both units are currently rented; Side B configured as a studio/bedroom unit
