$799,900
West Plains, MO 65775
MLS# 60288890
9 baths | 4800 sqft
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Property Description
For Sale - Income-Producing Multi-Unit Property in West Plains, MO! Prime Investment Opportunity in Howell County Discover a brand-new multi-family investment property at 515 Nebraska Street, West Plains, MO! This former church has been fully converted into eight modern apartments, offering high-quality finishes, excellent location, and strong income potential. Property Features (Largest to Smallest Units): • One (1) unit - 850 sq. ft. | 2 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • Five (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • One (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • Spacious parking lot and outdoor green space • Situated on a .48-acre lot in a quiet neighborhood • Prime Location - High Rental Demand! Property Highlights: • Fully remodeled 7-unit apartment complex - turnkey and like new • Strong income producer with an estimated 9.5% cap rate • Units include one 2-bed unit ($1,200/month), four 1-bed units ($1,000/month), and one small unit ($900/month) • Seventh unit is an active Airbnb generating approximately $21,900/year at $100/night • Gross annual rental income: approximately $95,800 • Net Operating Income (NOI): approximately $76,000 • All units include appliances • Owner pays utilities and property taxes • Includes Airbnb management potential or option to convert to long-term rental • Excellent investment opportunity with low maintenance and high-demand rental units • Priced at $799,900 - potential for upside depending on rental mix Located in West Plains, Missouri, this property is just minutes from: Missouri State University - West Plains Downtown West Plains Ozarks Healthcare Restaurants, shopping, and essential amenities Turnkey Investment - Strong ROI Potential New Construction - Modern Features
Details
Maps
Documents
Contract Information
Construction Status: Existing
Transaction Type: Sale
List Price/SqFt: 166.65
Foreclosure/Short Sale: No
Property Sub-Type: Other
Begin Date: 2025-03-11
List Price: $799,900
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
Location, Tax and Other Information
Inside City Limits: Yes
General Property Description
SqFt - Vacant: 4800
SqFt - Office Space: 0
SqFt - Retail Space: 0
Waterfront/View: None
Lake/River: None
Baths - Total: 9
Total SqFt: 4800
Aprx Year Built: 1972
Number of Units: 8
Aprx Lot Size (Acres): 0.5
Lot Dimensions: Acres
View
City: 1
Business Type
Apartments: 1
Other-See Remarks: 1
Cooling
Central: 1
Electric: 1
Curb Cuts Available
Two: 1
Heating
Electric: 1
Land Status
Land Included: 1
Miscellaneous
Basement: 1
Handicap Accessible: 1
Smoke Detectors: 1
Water Heater-Electric: 1
Parking
20+ Spaces: 1
Paved: 1
Roof
Composition: 1
Utilities Available
Electric: 1
High Speed Internet Access: 1
Public Sewer: 1
Public Water: 1
Lot Description
Level: 1
Docs on File
Aerial Photo: 1
Legal: 1
Location Tax and Other Information
Street #: 515
Street Name/Route: Nebraska
Suffix: Avenue
County: Howell
State/Province: MO
Zip Code: 65775
Subdivision: Howell-Not in List
Parcel ID: 15402000040100201000
Tax Year: 2022
Zoning: Multi-family
Section: 20
Township: 24
Remarks Misc
Directions: South on Business 63 - Left on 2nd to Corner of 2nd and Nebraska
Status Change Info
Status: Active
Property Features
Business Type: Apartments; Other-See Remarks
Cooling: Central; Electric
Curb Cuts Available: Two
Heating: Electric
Land Status: Land Included
Miscellaneous: Basement; Handicap Accessible; Smoke Detectors; Water Heater-Electric
Parking: 20+ Spaces; Paved
Roof: Composition
Utilities Available: Electric; High Speed Internet Access; Public Sewer; Public Water
Lot Description: Level
Docs on File: Aerial Photo; Legal
Supplements
Fully Income-Producing or Investment Opportunity
Annual Property Tax: $2,000
Annual Insurance: $2,000
Each unit has separate electric, water, and internet connections
This multi-family property for sale in Howell County, Missouri, is an excellent addition to any real estate portfolio. Whether you're looking for a turnkey rental investment or an income-generating property, this one checks all the boxes!
Mapright 
Listing Office: United Country Missouri Ozarks Realty Inc.
Last Updated: March - 02 - 2026
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