Two-Home Duplex
For Sale
$349,900
1622 &1624 W Fairview Avenue, Carthage, MO 64836
Residential Income, Carthage, MO
Property Size3,500 SF
Lot Size1.96 Acres
Price / SF$99.97
Days on Market88
Property Features for 1622 &1624 W Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
County
Bedrooms
6
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5
Interior features
Carpet
Elementary school
Steadley
Middle school
Carthage
High school
Carthage
Directions
Garrison and Fairview west to home. After crossing I-49, it's the third house on the south side.
Standard status
Active
APN
14-4.0-17-000-000-007.000
Lot size
1.96 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1895
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1920
Number of units
2
Roof type
Composition
Listing Agency:
Fathom Realty MO LLC
(573) 462-6517
Listed By:
Christine Yunek
(417) 674-1514
Added: Jul 30
Changed: Oct 23
Last Checked: Oct 25 at 10:06AM
MLS# 60330222
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 residential income property includes two freestanding homes with a combined living area of nearly 3,500 square feet. Each residence has 3 bedrooms and 2 bathrooms. The front home measures nearly 2,000 square feet and received extensive remodeling in January 2026, including new paint, flooring, light fixtures, and central heating. Its vinyl siding dates to summer 2021, and the roof was installed in 2018.
The rear home is approximately 1,500 square feet. One bathroom has been remodeled, and central heating and a water heater were installed in March 2025. Its roof was replaced in spring 2018. The 1.96-acre property is on the edge of Carthage, outside the city limits, with highway access. Water is supplied by a well, and the property has a septic tank.
The rear home is approximately 1,500 square feet. One bathroom has been remodeled, and central heating and a water heater were installed in March 2025. Its roof was replaced in spring 2018. The 1.96-acre property is on the edge of Carthage, outside the city limits, with highway access. Water is supplied by a well, and the property has a septic tank.
Key Highlights
- Two freestanding homes with nearly 3,500 square feet of combined living area
- Each residence has 3 bedrooms and 2 bathrooms
- 1.96‑acre property on the edge of Carthage, outside city limits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,882
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,640
$597.6K
Cap Rate 7%
$426,886
$426.9K
Cap Rate 9%
$332,022
$332.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$46.2K $13.20/SF
− Vacancy
−$3.5K −$1.00/SF
EGI
$42.7K $12.20/SF
− OpEx
−$12.8K −$3.66/SF
NOI
$29.9K $8.54/SF
Area
Jasper County, MO
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,640
Cap Rate 7%
$426,886
Cap Rate 9%
$332,022
Alternative Uses
Best Use
Multifamily LT 5
$426.9K
$373.5K – $498.0K
NOI $29,882 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$1.06M
$924.0K – $1.23M
NOI $73,920 @ 7.0% cap · market cap 21.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
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 - Two separate residences provide a combined six bedrooms and four bathrooms on one property.
Where is this duplex located?
The property is located at 1622 &1624 W Fairview Avenue Carthage, MO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two freestanding homes with nearly 3,500 square feet of combined living area; Each residence has 3 bedrooms and 2 bathrooms; 1.96‑acre property on the edge of Carthage, outside city limits
