Six-Unit Multifamily
For Sale
$930,000
317-347 Hawthorne St, Hollister, MO 65672
A separate lot with city water and sewer accompanies three duplex buildings.
Property Size6,240 SF
Price / SF$149.04
Days on Market37
Property Features for 317-347 Hawthorne St
General Information
Standard status
Active
Size
6,240 SF
Property subtype
Multi-Family
Building Details
Year Built
1995
Listing Agency:
Keller Williams Tri-Lakes
Listed By:
Jeff Reynolds · License #2014000621
(404) 326-2613
Source:
Trilakeshomesearch
Added: Aug 29
Changed: Oct 1
Last Checked: Oct 2 at 9:24PM
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 Keller Williams Tri-Lakes
Investment Insights
Based on property information with market context.
Three duplexes contain six two-bedroom residences, with eight full bathrooms and four half bathrooms in total. Updates include newer roofs, water heaters, and HVAC systems. Oversized carports provide on-site parking, and some residences have fenced backyards. Back decks offer city views.
The property sits at the end of a low-traffic street in Hollister, with shopping, businesses, and restaurants a five-minute drive away. A separate build-ready lot has city water and sewer in place.
The property sits at the end of a low-traffic street in Hollister, with shopping, businesses, and restaurants a five-minute drive away. A separate build-ready lot has city water and sewer in place.
Key Highlights
- Three duplex buildings with six two‑bedroom units
- Eight full bathrooms and four half bathrooms across the property
- Newer roofs, water heaters, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,320
$1.1M
Cap Rate 7%
$809,514
$809.5K
Cap Rate 9%
$629,622
$629.6K
Market Conditions
NOI Build-Up for 6,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.6K $14.04/SF
− Vacancy
−$6.7K −$1.07/SF
EGI
$81.0K $12.97/SF
− OpEx
−$24.3K −$3.89/SF
NOI
$56.7K $9.08/SF
Area
Taney County, MO
Vacancy
7.60%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,320
Cap Rate 7%
$809,514
Cap Rate 9%
$629,622
Alternative Uses
Best Use
Multifamily LT 5
$809.5K
$708.3K – $944.4K
NOI $56,666 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$719.9K
$629.9K – $839.9K
NOI $50,393 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,363 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 65672, MO
8,548
Population
4,696
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
57.0 sq mi
ZIP Area
150
Density / Sq Mi
$60,407
Median Household Income
$29,235
Median Earnings
$878
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - A separate lot with city water and sewer accompanies three duplex buildings.
Where is this multifamily property located?
The property is located at 317-347 Hawthorne St Hollister, MO.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Three duplex buildings with six two‑bedroom units; Eight full bathrooms and four half bathrooms across the property; Newer roofs, water heaters, and HVAC systems
