Multifamily Property with Expansion
410/422 S Jackson Avenue Joplin, MO 64801
410/422 S Jackson Avenue, Joplin, MO, 64801
$1,550,000
Pending
For Sale
$1,550,000
Pending
MULTI_FAMILY - Other - Joplin, MO
Property Size9,286 SF
Lot Size0.90 Acres
Days on Market224
Property Features for 410/422 S Jackson Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Property condition
- Under Construction
- Bedrooms
- 18
- Bathrooms
- 18
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 18, Bedroom 16, Bedroom 1, Bathroom 5, Bedroom 14, Bedroom 17, Bathroom 14, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 13, Bedroom 15, Bathroom 2, Bedroom 5, Bathroom 18, Bathroom 7, Bedroom 8, Bathroom 16, Bedroom 10, Bathroom 3, Bathroom 17, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 9, Bathroom 10, Bathroom 11, Basement, Bedroom 4, Bathroom 12, Bathroom 8, Bathroom 13, Bathroom 15, Bedroom 6, Bedroom 12
- Basement
- Partial
- Standard status
- Pending
- APN
- 35-013283-0000
- Size
- 9,286 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Annual Amount
- 637
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Number of units
- 18
- Flooring type
- Vinyl, Laminate
- Roof type
- Rolled Hot Mop
- Architectural style
- Other
Listing Agency
GLENN GIBSON COMMERCIAL REAL ESTATE
(417) 825-8213
2650 E 32nd Street Ste. 221, JOPLIN, MO
Listed by
Luke Gibson · License #2015033987
(417) 359-6868
Added: Dec 5, 2025 Checked: Jul 17 at 9:06 am
MLS# 256720
Listing URL
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 multifamily property offers both current income and future growth potential. It features 14 ground-level one-bedroom, one-bath units, all of which are fully leased. Additionally, there are four new construction units underway, with projected delivery in early 2026. The property, originally a commercial office building, was redeveloped into a multifamily complex approximately six years ago. This redevelopment resulted in modernized layouts, updated systems, and efficient, low-maintenance construction. The existing units are single-level, providing accessibility and consistent tenant demand. The property is located in central Joplin, blocks from Downtown and close to employment centers, retail, and services. It has a strong rental history and a stable tenant base, combining immediate cash flow with new units to boost future revenue. The property size is 9286 square feet and the lot size is 0.9 acres.
Key Highlights
- 14 ground‑level 1 bed / 1 bath units, all fully leased
- 4 brand‑new units under construction, scheduled for completion and delivery in early 2026
- Redeveloped from a former commercial office building into multifamily about 6 years ago
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.9k | $15.60 |
| − Vacancy | −$11.6k | −$1.25 |
| EGI | $133.3k | $14.35 |
| − OpEx | −$60.0k | −$6.46 |
| NOI | $73.3k | $7.89 |
9,286 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.3K – $1.22M
NOI $73,300 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,120 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Leased units with new construction in central Joplin location.
Where is this apartment building located?
The property is located at 410/422 S Jackson Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 14 ground‑level 1 bed / 1 bath units, all fully leased; 4 brand‑new units under construction, scheduled for completion and delivery in early 2026; Redeveloped from a former commercial office building into multifamily about 6 years ago
