24-Unit Apartment
For Sale
$1,585,000
Pending
815-837 W 4th Street, Joplin, MO 64801
MultiFamily, Joplin, MO
Property Size14,088 SF
Lot Size0.40 Acres
Days on Market148
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
Full bathrooms
24
Rooms
Bedroom 5, Bedroom 19, Bedroom 4, Bedroom 23, Bedroom 13, Bathroom 3, Bedroom 22, Bedroom 24, Bathroom 16, Bathroom 18, Bathroom 9, Bedroom 10, Bathroom 14, Bathroom 5, Bedroom 6, Bathroom 13, Bathroom 22, Bedroom 1, Bedroom 9, Bathroom 23, Bathroom 24, Bedroom 21, Bathroom 6, Bathroom 1, Bathroom 15, Bedroom 2, Bedroom 8, Bedroom 14, Bathroom 2, Bathroom 7, Bedroom 7, Bedroom 17, Bathroom 12, Bedroom 18, Bathroom 17, Bedroom 16, Bedroom 3, Bedroom 12, Bathroom 10, Bedroom 11, Bedroom 15, Bathroom 8, Bathroom 4, Bathroom 11, Bathroom 19, Bathroom 20, Bathroom 21, Bedroom 20
Elementary school
Dover Hill
Middle school
North
Elementary school district
Joplin
Middle school district
Joplin
High school district
Joplin
Directions
From 4th and Main, west on 4th to buildings on north side of street. Property located at the northeast corner of 4th St and Connor Ave.
Subdivision
01 - Joplin City - NW
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
Carpet, Wood, Vinyl
Roof type
Rolled Hot Mop
Buildings
3
Listing Agency:
GLENN GIBSON COMMERCIAL REAL ESTATE
(417) 825-8213
Listed By:
Luke Gibson · License #2015033987
(417) 359-6868
Added: Jun 3
Changed: Oct 27
Last Checked: Oct 28 at 5:06AM
MLS# 263012
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.
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Investment Insights
Based on property information with market context.
Three buildings comprise this apartment property, with 24 units totaling 14,088 square feet. Each apartment has one bedroom and one bathroom. The property occupies 0.4 acres and was built in 1910; its zoning is R-3.
Interior finishes include carpet, wood, and vinyl flooring. Heating is forced air, and cooling includes central air and window units. The property is located on W 4th Street in Joplin, near downtown.
Interior finishes include carpet, wood, and vinyl flooring. Heating is forced air, and cooling includes central air and window units. The property is located on W 4th Street in Joplin, near downtown.
Key Highlights
- 24 apartments across 3 buildings
- All 24 units have 1 bedroom and 1 bathroom
- 14,088 square feet on 0.4 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,205
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,224,100
$2.2M
Cap Rate 7%
$1,588,643
$1.6M
Cap Rate 9%
$1,235,611
$1.2M
Market Conditions
NOI Build-Up for 14,088 SF
Gross rent
$219.8K $15.60/SF
− Vacancy
−$17.6K −$1.25/SF
EGI
$202.2K $14.35/SF
− OpEx
−$91.0K −$6.46/SF
NOI
$111.2K $7.89/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,224,100
Cap Rate 7%
$1,588,643
Cap Rate 9%
$1,235,611
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 authorities.
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Property Analytics
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Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-building property contains one-bedroom, one-bath apartments throughout.
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: 24 apartments across 3 buildings; All 24 units have 1 bedroom and 1 bathroom; 14,088 square feet on 0.4 acres
