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$1,550,000
Est. payment /mo
18 Baths
9,286 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 9,286 sqft
Price per Sqft $166
MLS Listing ID 256720
Style Side by Side
Annual Tax Amount $637
Tax Year 637
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Apartment
Source Ozark Gateway Association of REALTORS®
Land Area 9286
Property Description
Offering strong current income and future growth potential, this well-located multifamily property features 14 ground-level 1 bed / 1 bath units, all fully leased, along with 4 brand-new units scheduled for completion and delivery in early 2026.
Originally a commercial office building, the property underwent a complete multifamily redevelopment just six years ago, resulting in modernized layouts, updated systems, and efficient, low-maintenance construction. All existing units are single-level, providing excellent accessibility and consistent tenant demand.
Property Highlights:
14 ground-level 1 bed / 1 bath units - fully leased and income-producing
4 new construction units underway, projected delivery early 2026
Recent full redevelopment from a former office building (approx. 6 years ago)
Modern finishes, updated infrastructure, and attractive curb appeal
Central Joplin location, only blocks from Downtown, close to employment centers, retail, and services
Strong rental history and stable tenant base
This property combines immediate cash flow with new units set to boost future revenue—an ideal investment in one of Joplin's most convenient areas.
Originally a commercial office building, the property underwent a complete multifamily redevelopment just six years ago, resulting in modernized layouts, updated systems, and efficient, low-maintenance construction. All existing units are single-level, providing excellent accessibility and consistent tenant demand.
Property Highlights:
14 ground-level 1 bed / 1 bath units - fully leased and income-producing
4 new construction units underway, projected delivery early 2026
Recent full redevelopment from a former office building (approx. 6 years ago)
Modern finishes, updated infrastructure, and attractive curb appeal
Central Joplin location, only blocks from Downtown, close to employment centers, retail, and services
Strong rental history and stable tenant base
This property combines immediate cash flow with new units set to boost future revenue—an ideal investment in one of Joplin's most convenient areas.
Location
State MO
County Jasper
Direction From 4th and Main, west to Jackson. Property at southwest corner 4th and Jackson.
Rooms
Basement Partial
Interior
Heating Central, Multi-Unit
Cooling Multi-Unit, Central
Flooring Laminate, Vinyl
Exterior
Fence None
View Y/N No
Roof Type Rolled/Hot Mop
Building
Sewer Sewer - City
Architectural Style Side by Side
New Construction Yes
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Listed by GLENN GIBSON COMMERCIAL REAL ESTATE
Nearby Locations
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