Two-Unit Duplex with Attached
For Sale
$305,000
420 & 422 W Bradford Street, Bolivar, MO 65613
Fully leased duplex with attached garages, included laundry appliances, and complete kitchen appliance packages in each unit.
Property Size2,514 SF
Price / SF$121.32
Days on Market31
Property Features for 420 & 422 W Bradford Street
General Information
Standard status
Active
Size
2,514 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$20,700
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,847
Listing Agency:
Stellar Real Estate Co.
(417) 234-7391
Listed By:
Jeremy Scowden
(417) 234-7391
Source:
Exprealty
Added: Jul 24
Changed: Aug 22
Last Checked: Aug 23 at 5:08AM
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 Stellar Real Estate Co.
Investment Insights
Based on property information with market context.
This 2,514-square-foot duplex contains two residential units, each with a functional layout and an attached one-car garage. Both units include washer and dryer hookups, with the laundry appliances included, along with a full kitchen appliance package.
The property is located at 420 & 422 W Bradford Street in Bolivar, Missouri, near Southwest Baptist University. The duplex is fully leased, providing an operating residential income property with established occupancy and two separately configured units.
The property is located at 420 & 422 W Bradford Street in Bolivar, Missouri, near Southwest Baptist University. The duplex is fully leased, providing an operating residential income property with established occupancy and two separately configured units.
Key Highlights
- 2,514‑square‑foot duplex with two residential units
- Fully leased property with established occupancy
- Each unit includes an attached one‑car garage
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
$22,787
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
7.47%
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%
$455,740
$455.7K
Cap Rate 7%
$325,529
$325.5K
Cap Rate 9%
$253,189
$253.2K
Market Conditions
NOI Build-Up for 2,514 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
$34.7K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$32.6K $12.95/SF
− OpEx
−$9.8K −$3.88/SF
NOI
$22.8K $9.06/SF
Area
Polk County, MO
Vacancy
6.17%
Lease Rate
$13.80 /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%
$455,740
Cap Rate 7%
$325,529
Cap Rate 9%
$253,189
Alternative Uses
Best Use
Multifamily LT 5
$325.5K
$284.8K – $379.8K
NOI $22,787 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,323 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
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 - Fully leased duplex with attached garages, included laundry appliances, and complete kitchen appliance packages in each unit.
Where is this duplex located?
The property is located at 420 & 422 W Bradford Street Bolivar, MO.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 2,514‑square‑foot duplex with two residential units; Fully leased property with established occupancy; Each unit includes an attached one‑car garage
