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Tara Limbird

Principal Broker | Operator | Limbird Real Estate Group | PLACE

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515 Nebraska Ave , West Plains, MO 65775
$799,900
Est. Payment: $4,125.02/mo
0 Bed
9 Bath
4800 Sqft
Status: Active | Days on site: 542
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Tara Limbird
Principal Broker | Operator

House Description

For Sale - Income-Producing Multi-Unit Property in West Plains, MO!Prime Investment Opportunity in Howell CountyDiscover 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 DeckFive (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckOne (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckSpacious parking lot and outdoor green spaceSituated on a .48-acre lot in a quiet neighborhoodPrime Location - High Rental Demand!Property Highlights:Fully remodeled 7-unit apartment complex - turnkey and like newStrong income producer with an estimated 9.5% cap rateUnits 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/nightGross annual rental income: approximately $95,800Net Operating Income (NOI): approximately $76,000All units include appliancesOwner pays utilities and property taxesIncludes Airbnb management potential or option to convert to long-term rentalExcellent investment opportunity with low maintenance and high-demand rental unitsPriced at $799,900 - potential for upside depending on rental mixLocated in West Plains, Missouri, this property is just minutes from:Missouri State University - West PlainsDowntown West PlainsOzarks HealthcareRestaurants, shopping, and essential amenitiesTurnkey Investment - Strong ROI PotentialNew Construction - Modern Features

Highlights

Listed by Kimberly Grennan , (417) 293-7277 United Country Missouri Ozarks Realty Inc. , (417) 256-1000. Southern Missouri Regional MLS, LLC.

Property Type

Commercial Sale

Lot/Acreage
0.5

Year Built

1972

County

Howell

Neighborhood

Howell-Not in List

Listing ID

60288890

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:9
  • Full Bathrooms:9
Air Cond:Electric,Central Air
Fireplaces:

Exterior Features

Lot:Level
Zoning:Multi-family
Roof:Composition
Parking Features:Paved,20+ Spaces
Principal Interest
$4,125
Taxes
$510

Home Price

$799,900

Loan Details

30 yrs
6.69%

Down Payment

20%
$159,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,125.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,125.02 $509.94 $0.00 $4,634.96
Yearly $49,500.23 $6,119.24 $0.00 $55,619.46
Total $1,485,006.84 $183,577.05 $0.00 $1,668,583.89

Today's Rates

30 Year

6.69%

20 Year

6.49%

15 Year

6.16%

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Market insight data is pulled from the same city as the listing being viewed (West Plains, MO).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Limbird Real Estate Group | PLACE are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. ©2026 Southern Missouri Regional MLS, LLC. All rights reserved.

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Data last updated: 2026-09-04T22:52:33.000Z

© 2026 Southern Missouri Regional MLS, LLC.