Refurbished Duplex with Fenced
New
For Sale
$175,000
723-725 Chestnut Avenue, Joplin, MO 64801
MultiFamily, Joplin, MO
Property Size1,540 SF
Lot Size0.12 Acres
Price / SF$113.64
Days on Market7
Property Features for 723-725 Chestnut Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Fencing
Chain Link, Partial
Elementary school
Dover Hill
Middle school
North
Elementary school district
Joplin
Middle school district
Joplin
High school district
Joplin
Directions
From 7th St & Chestnut head South to property
Subdivision
03 - Joplin City - SW
Standard status
Active
APN
19201020002008000
Size
1,540 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
557
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
fenced back yard
Building Details
Number of units
2
Flooring type
Laminate, Plank, Vinyl
Listing Agency:
The Essential Real Estate
(417) 233-1287
Listed By:
Fenimore Homes, Landon Fenimore · License #2011032566
(417) 499-8966
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 10 at 10:06AM
MLS# 265018
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 refurbished duplex at 723-725 Chestnut Avenue contains 1,540 square feet across two one-bedroom, one-bathroom units. The interiors feature laminate, plank, and vinyl flooring, along with central heating and central air. Each unit offers a practical residential layout, while the all-electric systems support consistent building operations.
The 0.12-acre property includes a fenced rear yard with chain-link and partial fencing. An alley serves the back of the property, and street parking is available in front. Located in Joplin, Missouri, the asset combines updated interiors with a straightforward two-unit configuration.
The 0.12-acre property includes a fenced rear yard with chain-link and partial fencing. An alley serves the back of the property, and street parking is available in front. Located in Joplin, Missouri, the asset combines updated interiors with a straightforward two-unit configuration.
Key Highlights
- Two‑unit duplex with 1,540 square feet
- Both units include 1 bedroom and 1 bathroom
- 0.12‑acre lot with fenced rear yard
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
$13,148
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
7.51%
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%
$262,960
$263.0K
Cap Rate 7%
$187,829
$187.8K
Cap Rate 9%
$146,089
$146.1K
Market Conditions
NOI Build-Up for 1,540 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
$20.3K $13.20/SF
− Vacancy
−$1.5K −$1.00/SF
EGI
$18.8K $12.20/SF
− OpEx
−$5.6K −$3.66/SF
NOI
$13.1K $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%
$262,960
Cap Rate 7%
$187,829
Cap Rate 9%
$146,089
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.4K – $219.1K
NOI $13,148 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,156 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$464.6K
$406.6K – $542.1K
NOI $32,525 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled two-unit property with all-electric systems, central HVAC, and separate one-bedroom, one-bathroom layouts.
Where is this duplex located?
The property is located at 723-725 Chestnut Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,540 square feet; Both units include 1 bedroom and 1 bathroom; 0.12‑acre lot with fenced rear yard
