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    Conway Triplex Plus Cottage Title is generated by Realmo AI

    217 & 219 N Main Street, Conway, MO 65632

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    Claim this Listing
    New
    For Sale
    $275,000

    MULTI_FAMILY - Conway, MO

    Property size:
    2,224 SF
    Lot size:
    22,200.00 Acres
    Price / SF:
    $123/SF
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 217 & 219 N Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    No zoning
    Bedrooms
    8
    Bathrooms
    1
    Rooms
    Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 8
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    26-3.0-08-004-003-002.000
    Size
    2,224 SF
    Lot size
    22,200.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1324

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1997
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Robert Stadler

    Listing agent Robert Stadler

    Listing office Home Team Realty & Mgt, LLC 117 E Main, Ozark, MO

    Listing date May 21, 2026

    MLS# 60324336 Listing URL

    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.

    HighLights

    • Monthly revenue of $2650
    • Triplex and cottage on one property
    • Unit B completely remodeled in March of this year
    • Unit A and cottage remodeled in the last 5 years
    • Central heat and air in the triplex, new mini split in the cottage
    • Long term tenants in 3 of the units

    Overview

    This property features a two-story triplex and a cottage-style house situated in a rural setting in the heart of Conway. Each unit in the triplex includes two bedrooms and one and a half bathrooms. The property also includes a two-bedroom, one-bath cottage. The triplex is equipped with central heat and air. The cottage has a new mini-split system. Unit A and the cottage were remodeled within the last five years, while Unit B was completely remodeled in March of this year. The property currently generates a monthly revenue of $2650. Three of the units are occupied by long-term tenants. The property size is 2224 square feet and the lot size is 22200 acres. The property is located at 217 & 219 N Main Street, Conway, MO 65632 and has no zoning restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Daycare Center Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Laclede
    State
    Missouri
    Longitude
    -92.820114
    Latitude
    37.504737

    Nearby Similar for Sale

    • $1,620,000
      1,800 SF

      Productive Cattle Farm in Conway

      194-acre cattle farm with quality pasture, fencing, and waterers.
      7100 State Rd Y, Conway, MO 65632
      View Details
    • $350,000

      Home and Business Opportunity

      20-acre property with home and meat processing facility.
      15494 Amethyst Road, Conway, MO 65632
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Triplex and cottage in Conway, Missouri with steady rental income.
    Where is this multifamily property located?
    The property is located at 217 & 219 N Main Street Conway, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Monthly revenue of $2650; Triplex and cottage on one property; **Unit B completely remodeled in March of this year**
    (417) 345-4661
    We can help!
    Listing Contact
    Robert Stadler
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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