Two-Duplex Residential Income
New
For Sale
$610,000
420/2/5/7 W Bradford Street, Bolivar, MO 65613
Residential Income, Bolivar, MO
Property Size4,800 SF
Lot Size0.78 Acres
Price / SF$127.08
Days on Market1
Property Features for 420/2/5/7 W Bradford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
12
Rooms
Bedroom 11, Bedroom 8, Bedroom 6, Bedroom 10, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 12, Bedroom 1, Bedroom 4, Bedroom 7, Bedroom 9
Interior features
Carpet, Washer/Dryer Hookup
Appliances
Range, Disposal, Dishwasher, Dryer, Washer, Refrigerator
Subdivision
Porter Place
Elementary school
Bolivar
Middle school
Bolivar
High school
Bolivar
Directions
From Bolivar square, drive South on Springfield Ave to Aldrich Rd. Turn West on Aldrich Rd to Pike St. Turn South on Pike to Bradford St. Turn West on Bradford to duplex in the cul-de-sac.
Standard status
Active
APN
11-0.6-14-000-000-001.016
Size
4,800 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3580
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
washer and dryer hookups with washer and dryer included
full kitchen appliance package
Building Details
Year built
2003
Number of units
4
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Stellar Real Estate Co.
(417) 777-7740
Listed By:
Jeremy Scowden
(417) 234-7391
Added: Aug 21
Last Checked: Aug 21 at 7:06PM
MLS# 60332069
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 residential income property comprises two duplexes with a combined 4800 square feet on 0.78 acres. Built in 2003, the buildings offer functional unit layouts, attached one-car garages, washer and dryer hookups, and included washers and dryers. Kitchens are equipped with ranges, disposals, dishwashers, refrigerators, and additional laundry appliances. Heating includes central and forced-air systems, while cooling is provided by central air and ceiling fans. Brick and vinyl siding form the primary exterior materials, with composition roofing and public sewer service.
The property is located at 420/2/5/7 W Bradford Street in Bolivar, near Southwest Baptist University. It is zoned R4 and is currently fully leased. Multiple HVAC units are relatively new, adding to the existing mechanical improvements across the property.
The property is located at 420/2/5/7 W Bradford Street in Bolivar, near Southwest Baptist University. It is zoned R4 and is currently fully leased. Multiple HVAC units are relatively new, adding to the existing mechanical improvements across the property.
Key Highlights
- Two duplexes with a combined 4800 square feet on 0.78 acres
- Currently fully leased
- Each unit includes an attached one‑car garage
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
$43,507
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
7.13%
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%
$870,140
$870.1K
Cap Rate 7%
$621,529
$621.5K
Cap Rate 9%
$483,411
$483.4K
Market Conditions
NOI Build-Up for 4,800 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
$66.2K $13.80/SF
− Vacancy
−$4.1K −$0.85/SF
EGI
$62.2K $12.95/SF
− OpEx
−$18.6K −$3.88/SF
NOI
$43.5K $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%
$870,140
Cap Rate 7%
$621,529
Cap Rate 9%
$483,411
Alternative Uses
Best Use
Multifamily LT 5
$621.5K
$543.8K – $725.1K
NOI $43,507 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$554.3K
$485.0K – $646.7K
NOI $38,803 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$724.5K
$633.9K – $845.2K
NOI $50,713 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
248
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased residential asset near Southwest Baptist University with garages, appliances, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 420/2/5/7 W Bradford Street Bolivar, MO.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two duplexes with a combined 4800 square feet on 0.78 acres; Currently fully leased; Each unit includes an attached one‑car garage
