Joplin Multifamily Investment Opportunity

1920 S Connor Avenue, Joplin, MO 64804

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For Sale

$229,900

MULTI_FAMILY - Joplin, MO

Property size:

2,374 SF

Lot size:

0.14 Acres

Price / SF:

$96/SF

HighLights

3‑unit property built in 1920, featuring a 2‑bedroom/1‑bath main home plus two separate 1‑bedroom/1‑bath units
Total current rent roll of $2,275 per month
Central heating with natural gas and central air cooling
Window unit(s) included for cooling
Wood flooring and a composition roof

We can help!

Listing Contact

Pink Homes, Brian Pink

Learn more

For Sale

$229,900

MULTI_FAMILY - Joplin, MO

Property size:

2,374 SF

Lot size:

0.14 Acres

Price / SF:

$96/SF

Added:: Feb 3, 2026
Days on Market:: 127
Last Refresh:: Jun 10 at 12:06 am

Property Features for 1920 S Connor Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 3
Rooms: Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
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

We can help!

Listing Contact

Pink Homes, Brian Pink

Listing agent Pink Homes, Brian Pink License #2018018296

Listing office KELLER WILLIAMS REALTY ELEVATE 619 S Florida, Joplin, MO

Listing date Feb 3, 2026

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.

HighLights

3‑unit property built in 1920, featuring a 2‑bedroom/1‑bath main home plus two separate 1‑bedroom/1‑bath units
Total current rent roll of $2,275 per month
Central heating with natural gas and central air cooling
Window unit(s) included for cooling
Wood flooring and a composition roof

Overview

The property at 1920 S Connor Avenue in Joplin, MO 64804, presents an opportunity to acquire a cash-flowing multifamily property. This triplex features a 2-bedroom, 1-bath main home along with a separate building containing two 1-bedroom, 1-bath units. The total rentable area of the property is 2374 square feet, situated on a 0.14-acre lot. The current total rent roll is $2,275 per month. This property is suitable for experienced investors seeking to expand their portfolios or as an entry point for new investors. The layout includes multiple units and consistent rental income.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $20,269 @ 7.0% cap · market cap 8.82%

Second Best

Apartment 5plus

$267.7K

$234.2K – $312.3K (±1% cap)

NOI $18,739 @ 7.0% cap · market cap 8.15%

Theoretical Best

Office A

$716.3K

$626.7K – $835.7K (±1% cap)

NOI $50,139 @ 7.0% cap · market cap 21.81%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Joplin
County: Jasper
State: Missouri
Longitude: -94.523496
Latitude: 37.07008

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For sale
Triplexes
MO
Joplin
64804
1920 S Connor Avenue

What type of property is this?

Triplex - Three-unit property with steady rents, ideal for investors.

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: 3‑unit property built in 1920, featuring a 2‑bedroom/1‑bath main home plus two separate 1‑bedroom/1‑bath units; Total current rent roll of $2,275 per month; Central heating with natural gas and central air cooling

1920 S Connor Avenue, Joplin, MO 64804

MULTI_FAMILY - Joplin, MO

Property Features for 1920 S Connor Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Building Flex Office/Warehouse Complex

Turnkey Medical Office Suite

Turnkey Flex Office and Shop

Restaurant Property with Event Center

Automotive Service and Showroom Building

Flex Space with Multiple Overhead Doors

Versatile Commercial Building on Route 66

Mixed-Use Commercial Building with Parking

Medical Office Building with Reception

Commercial Buildings on Rangeline

Active Self-Service Car Wash

Two-Story Office Building with Elevator

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