Duplex with Recent
For Sale
$99,900
1611 S Pearl Avenue, Joplin, MO 64804
Residential Income, Joplin, MO
Property Size1,113 SF
Lot Size0.15 Acres
Price / SF$89.76
Days on Market65
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
Bathroom 1, Bedroom 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: Sep 17
Last Checked: Oct 17 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This frame duplex contains approximately 1,113 square feet on a 0.15-acre lot in Joplin. Side B is arranged as a studio/bedroom setup, while Side A includes an additional room that can serve as a bedroom. Both sides are currently rented, and tenants pay their own utilities. Side B has received recent updates, and the roof was replaced within the last 3 years.
The property was built in 1930 and has composition and asphalt roofing, public sewer, and natural gas availability. Heating is provided by wall furnace and central systems, with central air and a window unit for cooling. Range and refrigerator appliances are included, and parking is available on the street. The property is zoned Residential and is located at 1611 S Pearl Avenue, Joplin, MO 64804.
The property was built in 1930 and has composition and asphalt roofing, public sewer, and natural gas availability. Heating is provided by wall furnace and central systems, with central air and a window unit for cooling. Range and refrigerator appliances are included, and parking is available on the street. The property is zoned Residential and is located at 1611 S Pearl Avenue, Joplin, MO 64804.
Key Highlights
- Duplex totaling approximately 1113 sq ft
- 0.15‑acre lot in Joplin, MO
- Both sides currently rented; tenants pay utilities
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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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are currently rented, with tenants responsible for 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: Duplex totaling approximately 1113 sq ft; 0.15‑acre lot in Joplin, MO; Both sides currently rented; tenants pay utilities
