Updated Two-Unit
For Sale
$299,000
812 E Lindon St, Bolivar, MO 65613
Renovated residential income property with two spacious homes and shared access to a fenced backyard.
Property Size2,064 SF
Price / SF$144.86
Days on Market11
Property Features for 812 E Lindon St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$299,000
Taxes and HOA fees
Annual Taxes
$798
Amenities
fenced backyard
washer/dryer hookups
Building Details
Buildings
1
Listing Agency:
Hubbert Realty
(417) 326-2227
Listed By:
Paula J Hubbert
(417) 399-5360
Source:
Exprealty
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 24 at 11:19AM
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 Hubbert Realty
Investment Insights
Based on property information with market context.
Located at 812 E Lindon St in Bolivar, this two-unit residential property contains 2064 square feet and has been substantially updated. Each residence offers 3 bedrooms, 2 bathrooms, a generously sized kitchen, washer and dryer hookups, updated HVAC, vinyl plank flooring, white-painted interiors, and solid-wood cabinetry. Both units provide access to a fenced backyard.
The exterior features white vinyl board-and-batten siding, giving the duplex a consistent, refreshed appearance. The property sits in a quiet neighborhood surrounded by single-family homes and offers a practical configuration for an owner occupant or an investor seeking two separate residences in one building.
The exterior features white vinyl board-and-batten siding, giving the duplex a consistent, refreshed appearance. The property sits in a quiet neighborhood surrounded by single-family homes and offers a practical configuration for an owner occupant or an investor seeking two separate residences in one building.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per side
- 2064 square feet of total property size
- Updated HVAC, vinyl plank flooring, and solid‑wood kitchen cabinetry
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
$18,708
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
6.26%
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%
$374,160
$374.2K
Cap Rate 7%
$267,257
$267.3K
Cap Rate 9%
$207,867
$207.9K
Market Conditions
NOI Build-Up for 2,064 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
$28.5K $13.80/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$26.7K $12.95/SF
− OpEx
−$8.0K −$3.88/SF
NOI
$18.7K $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%
$374,160
Cap Rate 7%
$267,257
Cap Rate 9%
$207,867
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.8K
NOI $18,708 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$238.4K
$208.6K – $278.1K
NOI $16,685 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$311.5K
$272.6K – $363.5K
NOI $21,807 @ 7.0% cap · market cap 7.29%
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
396
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
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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 - Renovated residential income property with two spacious homes and shared access to a fenced backyard.
Where is this duplex located?
The property is located at 812 E Lindon St Bolivar, MO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per side; 2064 square feet of total property size; Updated HVAC, vinyl plank flooring, and solid‑wood kitchen cabinetry
