Leased Duplex with In-Law
For Sale
Contact for pricing
415 South Jackson Avenue, Joplin, MO 64801
Two occupied residences support rental operations or a live-in ownership arrangement.
Property Size2,040 SF
Price / SF$129.90
Days on Market14
Property Features for 415 South Jackson Avenue
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multifamily
Investment Type
Owner/User
Building Details
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Heartland Land Company
Listed By:
Matt McClintick · License #2019012656
Source:
Crexi
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 5 at 7:29AM
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 Heartland Land Company
Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex contains a two-bedroom, one-and-a-half-bath unit and a separate one-bedroom, one-bath in-law suite. The layout supports continued rental use or an owner-occupancy arrangement, with each residence providing a distinct living configuration.
Both units are leased, and the buyer will assume the existing leases through their respective expiration dates. The property is located at 415 South Jackson Avenue in Joplin, near shopping, dining, schools, and other everyday services. Current tenant occupancy means the property is not available for interior showings based on the provided information.
Both units are leased, and the buyer will assume the existing leases through their respective expiration dates. The property is located at 415 South Jackson Avenue in Joplin, near shopping, dining, schools, and other everyday services. Current tenant occupancy means the property is not available for interior showings based on the provided information.
Key Highlights
- 2,040‑square‑foot duplex with two separate residential units
- Two‑bedroom, one‑and‑a‑half‑bath primary unit
- One‑bedroom, one‑bath in‑law suite
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
$17,417
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
6.57%
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%
$348,340
$348.3K
Cap Rate 7%
$248,814
$248.8K
Cap Rate 9%
$193,522
$193.5K
Market Conditions
NOI Build-Up for 2,040 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
$26.9K $13.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$24.9K $12.20/SF
− OpEx
−$7.5K −$3.66/SF
NOI
$17.4K $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%
$348,340
Cap Rate 7%
$248,814
Cap Rate 9%
$193,522
Alternative Uses
Best Use
Multifamily LT 5
$248.8K
$217.7K – $290.3K
NOI $17,417 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,395
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 occupied residences support rental operations or a live-in ownership arrangement.
Where is this duplex located?
The property is located at 415 South Jackson Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,040‑square‑foot duplex with two separate residential units; Two‑bedroom, one‑and‑a‑half‑bath primary unit; One‑bedroom, one‑bath in‑law suite
