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    Multi-Family Duplex and Sixplex Title is generated by Realmo AI

    621-715 S Walker Street, Webb City, MO 64870

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    Pending
    $1,320,000

    MULTI_FAMILY - Webb City, MO

    Property size:
    14,400 SF
    Lot size:
    1.15 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 621-715 S Walker Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    36
    Bathrooms
    24
    Rooms
    Bedroom 28, Bedroom 9, Bedroom 4, Bedroom 27, Bedroom 36, Bedroom 22, Bedroom 11, Bathroom 7, Bathroom 15, Bathroom 13, Bathroom 20, Bathroom 5, Bathroom 1, Bedroom 20, Bedroom 34, Bedroom 26, Bedroom 24, Bedroom 35, Bathroom 22, Bedroom 30, Bathroom 8, Bedroom 31, Bedroom 21, Bedroom 5, Bedroom 19, Bedroom 1, Bathroom 11, Bathroom 23, Bedroom 6, Bathroom 9, Bathroom 17, Bedroom 14, Bedroom 16, Bathroom 14, Bathroom 6, Bedroom 12, Bathroom 3, Bathroom 21, Bedroom 33, Bathroom 19, Bedroom 8, Bathroom 18, Bedroom 7, Bedroom 3, Bedroom 2, Bedroom 15, Bathroom 12, Bathroom 16, Bedroom 13, Bedroom 17, Bathroom 24, Bedroom 23, Bedroom 18, Bedroom 10, Bathroom 4, Bathroom 10, Bedroom 29, Bathroom 2, Bedroom 25, Bedroom 32
    Standard status
    Pending
    Size
    14,400 SF
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8357

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Number of units
    12
    Roof type
    Shingle

    We can help!

    Listing Contact
    The Flanagan Group, Adam Escoto

    Listing agent The Flanagan Group, Adam Escoto License #2023037937

    Listing office The Essential Real Estate 526 S Main Street, joplin, MO

    Listing date Apr 28, 2026

    MLS# 262272 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.

    HighLights

    • Multi‑family property with three duplexes and one sixplex in Webb City
    • 4 total units, each with approximately 1,200 SF
    • Each unit features 3 bedrooms and 1.5 bathrooms
    • Each unit includes a 1‑car attached garage
    • Central air and central electric heating; shingle roof

    Overview

    This property includes three well-maintained duplexes and one sixplex, built in 2003, configured to provide four spacious units. Each unit offers approximately 1,200 square feet with three bedrooms and 1.5 bathrooms, along with a 1-car attached garage. The floor plans are described as functional, with comfortable living space, ample storage, and practical layouts intended to support long-term tenancy.

    The buildings are located at 621-715 S Walker Street in Webb City, Missouri (Jasper County). The offering is currently tenant-occupied, which can support immediate rental operations following closing.

    For buyers seeking a multi-family structure with consistent unit types, this property presents an opportunity centered on four similar residential layouts within a small, built-in complex of duplex and larger apartment configurations. With units currently in place and garages attached to each unit, the asset may appeal to owner-operators and investors looking for straightforward, resident-focused design characteristics. A private tour can help confirm unit condition and verify day-to-day usability.

    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 $224.6k $15.60
    − Vacancy −$18.0k −$1.25
    EGI $206.7k $14.35
    − OpEx −$93.0k −$6.46
    NOI $113.7k $7.89
    14,400 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,668 @ 7.0% cap · market cap 8.61%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.34M
    $3.80M – $5.07M (±1% cap)
    NOI $304,128 @ 7.0% cap · market cap 23.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Webb City
    County
    Jasper
    State
    Missouri
    Longitude
    -94.460225
    Latitude
    37.137941

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 2003-built duplexes and sixplex with four tenant-ready residential units and attached garages.
    Where is this apartment building located?
    The property is located at 621-715 S Walker Street Webb City, MO.
    What is the asking price?
    The asking price for this property is $1,320,000.
    What are key features of this property?
    This property features: Multi‑family property with three duplexes and one sixplex in Webb City; 4 total units, each with approximately 1,200 SF; Each unit features 3 bedrooms and 1.5 bathrooms
    (417) 619-6214
    We can help!
    Listing Contact
    The Flanagan Group, Adam Escoto
    Real Estate License ID: 2023037937
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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