Duplex with Recent
For Sale
$99,900
1611 S Pearl Avenue, Joplin, MO 64804
MultiFamily, 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
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Elementary school
Cecil Floyd
Middle school
North
Elementary school district
Joplin
Middle school district
Joplin
High school district
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.
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
1,113 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
420
Utilities
Heating system
Other (Heating), Central
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Laminate
Roof type
Composition
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Tim Hopper · License #2021048147
(918) 848-0515
Added: Aug 14
Changed: Oct 8
Last Checked: Oct 17 at 11:06PM
MLS# 264573
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.
Built in 1930, this 1,113-square-foot duplex includes two residential sides, with two bedrooms and two bathrooms identified in the room layout. Side B is configured as a studio/bedroom setup and has received recent updates, while Side A includes an additional room that can serve as a bedroom. Laminate and vinyl flooring are present, along with central and window-unit cooling and central and other heating systems. The property sits on 0.15 acres and has a composition roof that is new within the last 3 years.
Both sides are currently rented, and tenants pay their own utilities. The property is located at 1611 S Pearl Avenue in Joplin, Missouri, ZIP 64804.
Both sides are currently rented, and tenants pay their own utilities. The property is located at 1611 S Pearl Avenue in Joplin, Missouri, ZIP 64804.
Key Highlights
- Two‑unit duplex with 1,113 square feet of property size
- Both sides are currently rented
- Tenants pay their own 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
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 rented, with tenant-paid utilities and recent updates to one side.
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: Two‑unit duplex with 1,113 square feet of property size; Both sides are currently rented; Tenants pay their own utilities
