Six-Unit Rental
For Sale
$525,000
811-813 W 8th Street, Joplin, MO 64801
MultiFamily, Joplin, MO
Property Size1,800 SF
Lot Size0.92 Acres
Price / SF$291.67
Days on Market99
Property Features for 811-813 W 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 13, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 11, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 12, Bedroom 14, Bedroom 1, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 2
Fencing
Chain Link, Partial
Basement
Crawl Space
Elementary school
Dover Hill
Middle school
North
Elementary school district
Joplin
Middle school district
Joplin
High school district
Joplin
Directions
From 7th St & Jackson St, go south. The property will be on your right.
Subdivision
01 - Joplin City - NW
Standard status
Active
Size
1,800 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Annual Amount
3109
Utilities
Heating system
Natural Gas, Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s)
Building Details
Floors in Building
2
Number of units
6
Flooring type
Wood, Ceramic
Roof type
Shingle, Composition, Rolled Hot Mop
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
indi Real Estate, Ryan Flanagan · License #2011018352
(417) 592-0966
Added: Jun 5
Changed: Sep 3
Last Checked: Sep 11 at 12:06PM
MLS# 263182
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 for-sale multifamily package includes six total residential units arranged as two duplexes and two single-family homes. The unit mix features five 2-bedroom, 1-bath units and one 3-bedroom, 1-bath home, offering a diversified floorplan lineup for prospective tenants. All units are currently fully occupied, and the seller reports $5,345 per month in gross rental income, including pet fee income. Lawn care is currently provided by the seller to help maintain curb appeal.
The duplex components are located at 811 & 813 W 8th Street and 720 & 722 S Jackson Avenue. The single-family homes are located at 716 S Jackson Avenue and 730 S Jackson Avenue, rounding out the portfolio as a compact, address-specific collection within Joplin, Missouri.
For investors or buyers seeking an immediately operating rental asset, this package provides steady, in-place occupancy with a blend of 2- and 3-bedroom options. The combination of multiple rental types within one purchase also helps broaden tenant appeal while keeping management focused on a single consolidated offering.
The duplex components are located at 811 & 813 W 8th Street and 720 & 722 S Jackson Avenue. The single-family homes are located at 716 S Jackson Avenue and 730 S Jackson Avenue, rounding out the portfolio as a compact, address-specific collection within Joplin, Missouri.
For investors or buyers seeking an immediately operating rental asset, this package provides steady, in-place occupancy with a blend of 2- and 3-bedroom options. The combination of multiple rental types within one purchase also helps broaden tenant appeal while keeping management focused on a single consolidated offering.
Key Highlights
- 6‑unit multifamily package: two duplexes (811 & 813 W 8th St; 720 & 722 S Jackson Ave) plus two single‑family homes (716 & 730 S Jackson Ave)
- Unit mix includes five 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- All six units are fully occupied and generate $5,345/month in gross rental income, including pet fee income
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
$15,368
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
2.93%
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%
$307,360
$307.4K
Cap Rate 7%
$219,543
$219.5K
Cap Rate 9%
$170,756
$170.8K
Market Conditions
NOI Build-Up for 1,800 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
$23.8K $13.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$22.0K $12.20/SF
− OpEx
−$6.6K −$3.66/SF
NOI
$15.4K $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%
$307,360
Cap Rate 7%
$219,543
Cap Rate 9%
$170,756
Alternative Uses
Best Use
Multifamily LT 5
$219.5K
$192.1K – $256.1K
NOI $15,368 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$203.0K
$177.6K – $236.8K
NOI $14,208 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Turnkey 6-unit portfolio of duplexes and single-family homes, fully occupied and generating monthly gross rental income.
Where is this multifamily property located?
The property is located at 811-813 W 8th Street Joplin, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6‑unit multifamily package: two duplexes (811 & 813 W 8th St; 720 & 722 S Jackson Ave) plus two single‑family homes (716 & 730 S Jackson Ave); Unit mix includes five 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; All six units are fully occupied and generate $5,345/month in gross rental income, including pet fee income
