Leased Duplex with In-Law
For Sale
$260,000
Joplin, MO 64801, Joplin, MO 64801
MultiFamily, Joplin, MO
Property Size2,040 SF
Lot Size0.21 Acres
Price / SF$127.45
Days on Market96
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Basement, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Basement
Partial, Unfinished
Elementary school
West
Middle school
North
Elementary school district
Joplin
Middle school district
Joplin
High school district
Joplin
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
2,040 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
1091
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet
Roof type
Shingle
Listing Agency:
Heartland Land Company, LLC
(913) 210-0679
Listed By:
Matt McClintick · License #2019012656
(785) 550-1917
Added: Jul 23
Changed: Oct 23
Last Checked: Oct 26 at 3:06AM
MLS# 264074
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.
This 2,040-square-foot duplex contains two separate living arrangements: a two-bedroom, one-and-a-half-bath primary unit and a one-bedroom, one-bath in-law suite. Interior finishes include wood and carpet flooring, while central heating, natural gas, and central air support year-round occupancy. The property also includes a basement and a shingle roof.
Both units are leased, and the purchaser will assume the existing leases through their respective expiration dates. The 0.21-acre property is located in Joplin near shopping, dining, schools, and other everyday amenities. Its two-unit configuration supports either continued rental use or an owner-occupancy arrangement with additional living space.
Both units are leased, and the purchaser will assume the existing leases through their respective expiration dates. The 0.21-acre property is located in Joplin near shopping, dining, schools, and other everyday amenities. Its two-unit configuration supports either continued rental use or an owner-occupancy arrangement with additional living space.
Key Highlights
- 2,040 square feet on 0.21 acres
- Two‑bedroom, one‑and‑a‑half‑bath primary unit
- Separate one‑bedroom, one‑bath in‑law suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,417
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,340
$348.3K
Cap Rate 7%
$248,814
$248.8K
Cap Rate 9%
$193,522
$193.5K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$26.9K $13.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$24.9K $12.20/SF
− OpEx
−$7.5K −$3.66/SF
NOI
$17.4K $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 Rate 5%
$348,340
Cap Rate 7%
$248,814
Cap Rate 9%
$193,522
Alternative Uses
Best Use
Multifamily LT 5
$248.8K
$217.7K – $290.3K
NOI $17,417 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
54
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?
Duplex - Two residences combine a two-bedroom home with a separate one-bedroom suite for rental or owner-occupancy flexibility.
Where is this duplex located?
The property is located at Joplin, MO.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,040 square feet on 0.21 acres; Two‑bedroom, one‑and‑a‑half‑bath primary unit; Separate one‑bedroom, one‑bath in‑law suite
