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    13275 Old Wire Outer Rd Rolla, MO 65401

    For Sale
    $225,000

    Triplex on 3.6 Acres, High Growth Area

    Property size:
    1,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a 1-story, 1960-built triplex located at 13275 Old Wire Outer Rd, Rolla, MO 65401. The property sits on a substantial 3.62-acre lot, offering significant potential for expansion and development. The existing structure comprises 1,608 square feet and features three individual units, each a one-bedroom, one-bathroom apartment currently commanding a market rent of $350 per month. This prime location offers immediate rental income to help offset mortgage payments, while the property's adjacency to the future VA clinic presents a compelling case for future appreciation. The property's location just outside the city limits of Rolla, Missouri, within Phelps County, provides a unique blend of accessibility and potential for future development, making it an attractive proposition for both seasoned investors and those seeking a strategic entry point into the Missouri real estate market. The substantial lot size allows for the construction of additional multifamily units or the establishment of a commercial enterprise, further enhancing the property's long-term value and investment potential. This is a rare opportunity to acquire a multifamily property with significant upside in a rapidly developing area. The asking price is $225,000.

    Property Features for 13275 Old Wire Outer Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,608 SF
    Lot Size
    157,687 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • 1960‑built, 1,608 sq ft triplex on a 3.62‑acre lot in Rolla, MO.
    • Three 1‑bed/1‑bath units, each renting for $350/month.
    • Located near a future VA clinic, offering potential for appreciation.
    • $225,000 asking price.
    • Significant expansion and development potential due to large lot size.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Auto Repair Shop Nail Salon Clothing Store Auto Parts Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rolla
    County
    Phelps
    State
    Missouri
    Longitude
    -91.808332768243
    Latitude
    37.940352092029

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    FAQs

    What type of property is this?
    Multifamily property - Triplex on 3.6 Acres, High Growth Area
    Where is this multifamily property located?
    The property is located at 13275 Old Wire Outer Rd Rolla, MO.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 1960-built, 1,608 sq ft triplex on a 3.62-acre lot in Rolla, MO.; Three 1-bed/1-bath units, each renting for $350/month.; Located near a future VA clinic, offering potential for appreciation.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13275 Old Wire Outer Rd Rolla, MO 65401
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