Two-Story
For Sale
$189,000
2402 & 2404 Jules St, Saint Joseph, MO 64501
Each residence has its own kitchen, dining area, and living space, with bedrooms upstairs.
Property Size1,440 SF
Price / SF$131.25
Days on Market11
Property Features for 2402 & 2404 Jules St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Lot Size Acres: 0.13
Asphalt Roof
Sewer Type: Municipal
Total Taxes: $755, Percentage of Tax that is Deductable: 0
Has Central AC: 1, Wall/Window AC: 1
Forced Air Heating
Sale, Sale Type: Foreclosure
Basement Type: Partial, Unfinished
Residential Style: 2600, Built in 1892
Property Township: BUCHANAN COUNTY
Above Area Square Feet: 1440, Street View
Water Source: Municipal
Construction Type: Frame
Wood Siding
Building Details
Year Built
1892
Buildings
1
Stories
2
Listing Agency:
Davidson Real Estate
Listed By:
Charles Golden
(816) 632-4400
Source:
Doyle-realty
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 4 at 9:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Davidson Real Estate
Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex in Saint Joseph contains two stories and was built in 1892. Each residence has two bedrooms and one bathroom, with the bedrooms on the upper floor. The main level includes a kitchen, dining room, and living area in each unit. A partial basement provides additional storage or utility space.
The property is located at 2402 and 2404 Jules Street in Saint Joseph, Missouri.
The property is located at 2402 and 2404 Jules Street in Saint Joseph, Missouri.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,440 square feet across two stories
- Built in 1892
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,764
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,280
$195.3K
Cap Rate 7%
$139,486
$139.5K
Cap Rate 9%
$108,489
$108.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$14.7K $10.20/SF
− Vacancy
−$739 −$0.51/SF
EGI
$13.9K $9.69/SF
− OpEx
−$4.2K −$2.91/SF
NOI
$9.8K $6.78/SF
Area
Buchanan County, MO
Vacancy
5.03%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,280
Cap Rate 7%
$139,486
Cap Rate 9%
$108,489
Alternative Uses
Best Use
Multifamily LT 5
$139.5K
$122.1K – $162.7K
NOI $9,764 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$124.7K
$109.1K – $145.5K
NOI $8,730 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
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Business Placement
Demographics for 64501, MO
11,020
Population
5,598
Households
2
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
2,978
Density / Sq Mi
$41,615
Median Household Income
$29,276
Median Earnings
$823
Median Rent
$97,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen, dining area, and living space, with bedrooms upstairs.
Where is this duplex located?
The property is located at 2402 & 2404 Jules St Saint Joseph, MO.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,440 square feet across two stories; Built in 1892
