{"id":424199,"date":"2026-08-09T00:55:17","date_gmt":"2026-08-09T05:55:17","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/properties\/prime-investment-opportunity-in-howell-county-for-sale-multi-family-investment\/"},"modified":"2026-08-09T00:55:17","modified_gmt":"2026-08-09T05:55:17","slug":"515-nebraska-ave","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/515-nebraska-ave\/","title":{"rendered":"Prime Investment Opportunity – Multi Family Investment"},"content":{"rendered":"

For Sale \u2013 Income-Producing
\nMulti-Unit Property in West Plains, MO!\u00a0<\/span>Prime Investment Opportunity
\nin Howell County<\/span><\/p>\n

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Discover a brand-new
\nmulti-family investment property at 515 Nebraska Street, West Plains, MO! This
\nformer church has been fully converted into eight modern apartments, offering
\nhigh-quality finishes, excellent location, and strong income potential.<\/span><\/p>\n

<\/span><\/p>\n


<\/span><\/p>\n

Property Features (Largest to
\nSmallest Units):<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>One (1) unit<\/span><\/b> \u2013 850
\nsq. ft. | 2 Bed \/ 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz
\nCountertops, Private Deck<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Five (5) units<\/span><\/b> \u2013 600
\nsq. ft. | 1 Bed \/ 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz
\nCountertops, Private Deck<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>One (1) unit<\/span><\/b> \u2013 450
\nsq. ft. | 1 Bed \/ 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz
\nCountertops, Private Deck<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Spacious parking lot and outdoor green space<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Situated on a .48-acre lot in a quiet
\nneighborhood<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Prime Location<\/span><\/b> \u2013
\nHigh Rental Demand!<\/span><\/p>\n

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Property Highlights:<\/span><\/b><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Fully remodeled 7-unit apartment complex \u2013
\n<\/span><\/b>turnkey
\nand like new<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Strong income producer <\/span><\/b>with
\nan estimated 9.5% cap rate<\/b><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Units include one 2-bed unit ($1,200\/month),
\nfour 1-bed units ($1,000\/month), <\/b>and one small unit ($900\/month)<\/b><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Seventh unit is an active Airbnb
\ngenerating approximately $21,900\/year <\/span><\/b>at $100\/night<\/b><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Gross annual rental income: approximately
\n$95,800<\/span><\/b><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Net Operating Income (NOI): approximately
\n$76,000<\/span><\/b><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>All units include appliances<\/span><\/b><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Owner pays utilities and property taxes<\/b><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>I<\/span><\/b>ncludes Airbnb management
\npotential or <\/b>option to convert to long-term rental<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Excellent investment opportunity with low
\nmaintenance and high-demand rental units<\/b><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n<\/span><\/span><\/span>Priced at $799,900 \u2013 <\/span><\/b>potential
\nfor upside depending on rental mix<\/span><\/p>\n

<\/span><\/b><\/p>\n

<\/span><\/p>\n


<\/span><\/p>\n

Located in West Plains,
\nMissouri, this property is just minutes from:<\/span><\/p>\n

Missouri State University –
\nWest Plains<\/span><\/p>\n

Downtown West Plains<\/span><\/p>\n

Ozarks Healthcare<\/span><\/p>\n

Restaurants, shopping, and
\nessential amenities<\/span><\/p>\n

Turnkey Investment \u2013 Strong
\nROI Potential<\/span><\/p>\n

New Construction \u2013 Modern
\nFeatures<\/span><\/p>\n

Fully Income-Producing or
\nInvestment Opportunity<\/span><\/p>\n

Annual Property Tax: $2,000<\/span><\/p>\n

Annual Insurance: $2,000<\/span><\/p>\n

Each unit has separate
\nelectric, water, and internet connections<\/span><\/p>\n

This multi-family property for
\nsale in Howell County, Missouri, is an excellent addition to any real estate
\nportfolio. Whether you\u2019re looking for a turnkey rental investment or an
\nincome-generating property, this one checks all the boxes!<\/span><\/p>\n


<\/span><\/p>\n

<\/span><\/p>\n

\n

<\/p>\n

<\/span><\/p>\n

<\/p>\n

<\/span> Call today to schedule a showing or for
\nmore details!<\/span><\/p>\n<\/p>\n

<\/p>\n

\n

PROPERTY HIGHLIGHTS:<\/strong><\/p>\n\n\n\n\n\n
<\/i>west plains mo commercial<\/td>\n <\/i>investment property for sale<\/td>\n <\/i>so. central mo apartments<\/td>\n <\/i>Home in Town<\/td>\n<\/td>\n<\/tr>\n
<\/i>west plains apartments<\/td>\n <\/i>residential building for sale<\/td>\n <\/i>investment income property<\/td>\n <\/i>Investment & Income<\/td>\n<\/td>\n<\/tr>\n
<\/i>howell county building for sal<\/td>\n <\/i>ozarks multi family for sale<\/td>\n <\/i>Commercial Property<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

For Sale \u2013 Income-Producing Multi-Unit Property in West Plains, MO!\u00a0Prime 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): \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 One (1) unit \u2013 850 sq. ft. | 2 …<\/p>\n","protected":false},"featured_media":640944,"comment_status":"closed","ping_status":"closed","template":"","property_category":[8687],"property_action_category":[8851],"property_city":[528],"property_area":[9192],"property_county_state":[51],"property_features":[],"property_status":[7427],"class_list":["post-424199","estate_property","type-estate_property","status-publish","has-post-thumbnail","hentry","property_category-united-states","property_action_category-commercial","property_city-west-plains","property_area-howell","property_county_state-missouri","property_status-active"],"_links":{"self":[{"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/estate_property\/424199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/estate_property"}],"about":[{"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/types\/estate_property"}],"replies":[{"embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/comments?post=424199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/media\/640944"}],"wp:attachment":[{"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/media?parent=424199"}],"wp:term":[{"taxonomy":"property_category","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_category?post=424199"},{"taxonomy":"property_action_category","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_action_category?post=424199"},{"taxonomy":"property_city","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_city?post=424199"},{"taxonomy":"property_area","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_area?post=424199"},{"taxonomy":"property_county_state","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_county_state?post=424199"},{"taxonomy":"property_features","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_features?post=424199"},{"taxonomy":"property_status","embeddable":true,"href":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/wp-json\/wp\/v2\/property_status?post=424199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}