Multifamily
New
For Sale
$234,900
3012 Felix Street, St Joseph, MO 64501
The property includes forced-air heating and an electric oven and refrigerator.
Property Size2,946 SF
Days on Market1
Property Features for 3012 Felix Street
General Information
Standard status
Active
Size
2,946 SF
Property subtype
Residential Income
Zoning
R-1B
Taxes and HOA fees
Annual Taxes
$1,126
Amenities
Forced Air
Electric Oven, Refrigerator, Free-Standing Electric Oven
Off Site, On Street
Building Details
Building Size
2,946 SF
Year Built
1920
Stories
2
Listing Agency:
Top Hand Property Services
Listed By:
Marty Lyle
(816) 232-4392
Source:
Evrealestate
Added: Nov 1
Last Checked: Nov 1 at 3:38PM
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 Top Hand Property Services
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Investment Insights
Based on property information with market context.
This multifamily property at 3012 Felix Street in St. Joseph was built in 1920 and is zoned R-1B. Interior features include forced-air heating, an electric oven, and a refrigerator. Parking is identified as off-site and on-street.
Key Highlights
- Built in 1920
- Zoned R‑1B
- Forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,861
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,220
$357.2K
Cap Rate 7%
$255,157
$255.2K
Cap Rate 9%
$198,456
$198.5K
Market Conditions
NOI Build-Up for 2,946 SF
Gross rent
$34.3K $11.64/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$32.5K $11.02/SF
− OpEx
−$14.6K −$4.96/SF
NOI
$17.9K $6.06/SF
Area
Buchanan County, MO
Vacancy
5.30%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,220
Cap Rate 7%
$255,157
Cap Rate 9%
$198,456
Alternative Uses
Best Use
Apartment 5plus
$255.2K
$223.3K – $297.7K
NOI $17,861 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.9K
$777.8K – $1.04M
NOI $62,220 @ 7.0% cap · market cap 26.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
122
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
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes forced-air heating and an electric oven and refrigerator.
Where is this multifamily property located?
The property is located at 3012 Felix Street St Joseph, MO.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Built in 1920; Zoned R‑1B; Forced‑air heating
