Rented Duplex Near
For Sale
$230,000
Pending
3833-3835 College View Avenue, Joplin, MO 64801
MULTI_FAMILY - Joplin, MO
Property Size1,980 SF
Lot Size0.35 Acres
Days on Market17
Property Features for 3833-3835 College View Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
College Skyline
Elementary school
McKinley
Middle school
East
Elementary school district
Joplin
Middle school district
Joplin
High school district
Joplin
Directions
From Rangeline Rd and E 7th St, travel north on Rangeline Rd, turn east on Newman Rd, then follow College View Rd.
Standard status
Pending
APN
15903140006015001
Size
1,980 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
1110
Building Details
Year built
1979
Number of units
2
Listing Agency:
Pro X Realty, LLC
(620) 249-5767
Listed By:
Tyler Casey · License #2015008394
(417) 680-0707
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 30 at 9:06AM
MLS# 264537
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,980 square feet on a 0.35-acre lot and was constructed in 1979. Both units are currently rented, providing an existing occupied configuration for an owner-user or investor. The property includes two bathrooms, with one identified for each unit.
Located at 3833-3835 College View Avenue in Joplin’s College Skyline neighborhood, the property is steps from MSSU. Rangeline Road shopping and dining, Landreth Park, and downtown Joplin are each noted nearby, with convenient access to the downtown area. The location places the duplex within an established university-oriented setting in northeastern Joplin.
Located at 3833-3835 College View Avenue in Joplin’s College Skyline neighborhood, the property is steps from MSSU. Rangeline Road shopping and dining, Landreth Park, and downtown Joplin are each noted nearby, with convenient access to the downtown area. The location places the duplex within an established university-oriented setting in northeastern Joplin.
Key Highlights
- Duplex with both units currently rented
- 1,980 square feet on a 0.35‑acre lot
- Constructed in 1979
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
$16,905
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
7.35%
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%
$338,100
$338.1K
Cap Rate 7%
$241,500
$241.5K
Cap Rate 9%
$187,833
$187.8K
Market Conditions
NOI Build-Up for 1,980 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
$26.1K $13.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$24.1K $12.20/SF
− OpEx
−$7.2K −$3.66/SF
NOI
$16.9K $8.54/SF
Area
Jasper County, MO
Vacancy
7.60%
Lease Rate
$13.20 /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%
$338,100
Cap Rate 7%
$241,500
Cap Rate 9%
$187,833
Alternative Uses
Best Use
Multifamily LT 5
$241.5K
$211.3K – $281.8K
NOI $16,905 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,629 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
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?
Duplex - Two-unit property with both residences currently occupied near MSSU and Joplin-area shopping, dining, parks, and downtown access.
Where is this duplex located?
The property is located at 3833-3835 College View Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex with both units currently rented; 1,980 square feet on a 0.35‑acre lot; Constructed in 1979
