Seven-Cottage Apartment
For Sale
$499,000
2896 State Highway 176, Rockaway Beach, MO 65740
The property includes a mix of one-, two-, and three-bedroom cottages, with one unit offered as a nightly rental.
Property Size4,335 SF
Price / SF$115.11
Days on Market167
Property Features for 2896 State Highway 176
General Information
Standard status
Active
Size
4,335 SF
Property subtype
Commercial
Units
Unit Mix
4 x 1bd/1bt, 1 x 2bd/1bt, 1 x 3bd/1bt, 1 x 3bd/2bt
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,048
Building Details
Building Size
4,335 SF
Year Built
1935
Units
7
Listing Agency:
KINGDOM REALTY
Listed By:
Kevin Kueck
(417) 598-1773
Source:
Hcwrealty
Added: May 15
Changed: Oct 25
Last Checked: Oct 26 at 4:08AM
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 KINGDOM REALTY
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Investment Insights
Based on property information with market context.
This apartment property comprises seven cottages totaling 4,335 square feet. The unit mix includes four one-bedroom, one-bathroom cottages, one two-bedroom, one-bathroom cottage, one three-bedroom, one-bathroom cottage, and one three-bedroom, two-bathroom cottage. One renovated three-bedroom unit is used for nightly rentals; a renovated one-bedroom cottage is rented monthly. Other updates include work between tenants in two units, with new HVAC installed in one of them.
The property is across the street from Lake Taneycomo, a fishing area, and a boat launch. Branson is about a 15-minute drive away, and Silver Dollar City is less than 30 minutes away via the high road.
The property is across the street from Lake Taneycomo, a fishing area, and a boat launch. Branson is about a 15-minute drive away, and Silver Dollar City is less than 30 minutes away via the high road.
Key Highlights
- Seven cottages totaling 4,335 square feet
- Unit mix: four 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, one 3‑bedroom/1‑bath unit, and one 3‑bedroom/2‑bath unit
- One renovated 3‑bedroom cottage is used for nightly rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,008
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,160
$700.2K
Cap Rate 7%
$500,114
$500.1K
Cap Rate 9%
$388,978
$389.0K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$69.2K $15.96/SF
− Vacancy
−$5.5K −$1.28/SF
EGI
$63.7K $14.68/SF
− OpEx
−$28.6K −$6.61/SF
NOI
$35.0K $8.08/SF
Area
Taney County, MO
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,160
Cap Rate 7%
$500,114
Cap Rate 9%
$388,978
Alternative Uses
Best Use
Apartment 5plus
$500.1K
$437.6K – $583.5K
NOI $35,008 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$847.2K
$741.3K – $988.4K
NOI $59,303 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
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Business Placement
Demographics for 65740, MO
3,543
Population
1,634
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
864
Density / Sq Mi
$54,205
Median Household Income
$26,886
Median Earnings
$944
Median Rent
$114,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a mix of one-, two-, and three-bedroom cottages, with one unit offered as a nightly rental.
Where is this apartment building located?
The property is located at 2896 State Highway 176 Rockaway Beach, MO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Seven cottages totaling 4,335 square feet; Unit mix: four 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, one 3‑bedroom/1‑bath unit, and one 3‑bedroom/2‑bath unit; One renovated 3‑bedroom cottage is used for nightly rentals
