Three-Unit Income
1920 S Connor Avenue Joplin, MO 64804
1920 S Connor Avenue, Joplin, MO, 64804
$229,900
For Sale
$229,900
MULTI_FAMILY - Joplin, MO
Property Size2,374 SF
Lot Size0.14 Acres
Price / SF$96.84
Days on Market163
Property Features for 1920 S Connor Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 2,374 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 709
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Wood
- Roof type
- Composition
Listing Agency
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
619 S Florida, Joplin, MO
Listed by
Pink Homes, Brian Pink · License #2018018296
(417) 623-9900
Added: Feb 3 Checked: Jul 16 at 9:06 pm
MLS# 260556
Listing URL
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.
Investment Insights
Based on property information with market context.
1920 S Connor Avenue is a three-unit residential income property configured with a 2-bedroom, 1-bath main home and a separate building containing two additional 1-bedroom, 1-bath units. The property is set up for separate tenancy across three total units, supported by a simple, straightforward layout. Total building size is 2,374 square feet on a 0.14-acre lot.
The property is located at 1920 S Connor Avenue in Joplin, Missouri (Jasper County), 64804. It operates with a current total rent roll of $2,275 per month, reflecting income from all three units.
For buyers seeking a multi-unit portfolio addition, this structure offers a practical way to own multiple rental homes within a single purchase. The split configuration between the main home and the two-unit building can appeal to investors looking for a clear, unit-by-unit arrangement, with rental income already in place across the three apartments.
The property is located at 1920 S Connor Avenue in Joplin, Missouri (Jasper County), 64804. It operates with a current total rent roll of $2,275 per month, reflecting income from all three units.
For buyers seeking a multi-unit portfolio addition, this structure offers a practical way to own multiple rental homes within a single purchase. The split configuration between the main home and the two-unit building can appeal to investors looking for a clear, unit-by-unit arrangement, with rental income already in place across the three apartments.
Key Highlights
- Three‑unit property built in 1920
- Main home: 2‑bedroom, 1‑bath
- Separate building with two additional 1‑bedroom, 1‑bath units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $13.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $29.0k | $12.20 |
| − OpEx | −$8.7k | −$3.66 |
| NOI | $20.3k | $8.54 |
2,374 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,739 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$716.3K
$626.7K – $835.7K
NOI $50,139 @ 7.0% cap · market cap 21.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit residential income building with a 2-bedroom, 1-bath main home and two 1-bedroom, 1-bath units.
Where is this triplex located?
The property is located at 1920 S Connor Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Three‑unit property built in 1920; Main home: 2‑bedroom, 1‑bath; Separate building with two additional 1‑bedroom, 1‑bath units
