Three-Building Multifamily
815-837 W 4th Street Joplin, MO 64801
815-837 W 4th Street, Joplin, MO, 64801
$1,585,000
Pending
For Sale
$1,585,000
Pending
MULTI_FAMILY - Joplin, MO
Property Size14,088 SF
Lot Size0.40 Acres
Days on Market47
Property Features for 815-837 W 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-3
- Bedrooms
- 24
- Bathrooms
- 24
- Rooms
- Bedroom 7, Bathroom 16, Bathroom 17, Bedroom 4, Bathroom 10, Bedroom 20, Bedroom 22, Bathroom 22, Bathroom 3, Bathroom 7, Bathroom 1, Bedroom 17, Bedroom 15, Bedroom 18, Bedroom 8, Bathroom 18, Bathroom 21, Bedroom 3, Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 2, Bathroom 6, Bedroom 2, Bathroom 20, Bedroom 1, Bedroom 10, Bathroom 24, Bedroom 24, Bathroom 15, Bedroom 13, Bathroom 5, Bathroom 14, Bedroom 16, Bathroom 12, Bedroom 14, Bedroom 5, Bathroom 23, Bathroom 19, Bathroom 13, Bathroom 11, Bathroom 9, Bedroom 12, Bedroom 21, Bedroom 23, Bathroom 8, Bedroom 19, Bedroom 6
- Standard status
- Pending
- Size
- 14,088 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2759
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 24
- Flooring type
- Wood, Carpet, Vinyl
- Roof type
- Rolled Hot Mop
Listing Agency
GLENN GIBSON COMMERCIAL REAL ESTATE
(417) 825-8213
2650 E 32nd Street Ste. 221, JOPLIN, MO
Listed by
Luke Gibson · License #2015033987
(417) 359-6868
Added: Jun 3 Checked: Jul 19 at 5:06 am
MLS# 263012
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.
Investment Insights
Based on property information with market context.
This three-building multifamily complex offers 24 total units, and every unit is configured as a 1-bedroom, 1-bath layout. The buildings are described as well-maintained and professionally managed, supporting an efficient day-to-day operating model. The property sits on approximately 0.4 acres and totals about 14,088 square feet.
Located at 815–837 W 4th Street in Joplin, the property is positioned just minutes from Downtown Joplin. The listing notes access to major employers as well as shopping, dining, and entertainment options in the downtown area.
With consistent unit mix across the community, the asset may appeal to investors or operators looking for a straightforward residential income property featuring 1-bedroom floorplans. The offering is presented as turnkey, with the emphasis placed on maintained buildings, unit functionality, and professional management for ongoing operations.
Located at 815–837 W 4th Street in Joplin, the property is positioned just minutes from Downtown Joplin. The listing notes access to major employers as well as shopping, dining, and entertainment options in the downtown area.
With consistent unit mix across the community, the asset may appeal to investors or operators looking for a straightforward residential income property featuring 1-bedroom floorplans. The offering is presented as turnkey, with the emphasis placed on maintained buildings, unit functionality, and professional management for ongoing operations.
Key Highlights
- Three‑building multifamily complex with 24 total units
- All units are 1‑bedroom, 1‑bath layouts
- Minutes from Downtown Joplin, MO (based on provided remarks)
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 | $219.8k | $15.60 |
| − Vacancy | −$17.6k | −$1.25 |
| EGI | $202.2k | $14.35 |
| − OpEx | −$91.0k | −$6.46 |
| NOI | $111.2k | $7.89 |
14,088 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,205 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,539 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale three-building multifamily with 24 one-bedroom, one-bath units under R-3 zoning in Joplin, Missouri.
Where is this apartment building located?
The property is located at 815-837 W 4th Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: Three‑building multifamily complex with 24 total units; All units are 1‑bedroom, 1‑bath layouts; Minutes from Downtown Joplin, MO (based on provided remarks)
