$499,900

190 Main St Gainesville, MO 65655

Estimated payment $2,624/month

0.55 Acre
$908,909 Price per Acre
23,958 Sq Ft Lot

Highlights

  • Second Kitchen
  • Deck
  • No HOA
  • Panoramic View
  • High Ceiling
  • Covered Patio or Porch

About This Lot

Great investment potential in Gainesville, MO, in the heart of the beautiful Missouri Ozarks! Perfectly positioned between Bull Shoals Lake and Norfork Lake, and just minutes from the North Fork of the White River and Bryant Creek, this property offers prime access to some of the region's most sought-after recreational destinations. Whether you're looking for a multi-family setup, rental income opportunity, or a flexible living arrangement, this property delivers exceptional versatility. The home currently features three separate apartment-style living areas. Two living areas are finished and move-in ready, while the third is in the process of being remodeled, giving you the opportunity to finish it to your vision and instantly add value. With outside measurements showing a sq footage of approximately 6500 sq ft and floor plans showing approximately 5524 sq ft of living space and 698 sq ft of unfinished storage, the possibilities are truly endless. Inside you'll find four finished bedrooms, two finished living areas, and five bathrooms, creating plenty of space for tenants, extended family, or a combination of both. The layout allows for separate entrances and private living quarters, making short-term or long-term rental possibilities incredibly appealing in this high-demand lake and river region. Storage space is abundant throughout the property, adding convenience and practicality for both owners and tenants. With strong tourism appeal from nearby lakes and rivers, this property presents excellent income-producing potential or the chance to create a spacious multi-generational home. Opportunities like this in Gainesville don't come around often. Finish the remodel, maximize the layout, and unlock the full potential of this Ozarks investment property

Listing Agent

Amanda Watkins

United Country Missouri Ozarks Realty Inc. License #2022042776 Listed on: 02/24/2026

United Country Missouri Ozarks Realty Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $593

Year Built

  • Built in 1938

Home Design

  • Stone

Interior Spaces

  • 5,524 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Panoramic Views

Kitchen

  • Second Kitchen
  • Stove

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite

Schools

  • Gainesville Elementary School
  • Gainesville High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane Water Heater

Additional Features

  • 0.55 Acre Lot
  • Flood Insurance May Be Required

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 15-0.3-07-001-001-0003.000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Deck
  • Covered Patio or Porch

Property Details

Property Type

Land

Est. Annual Taxes

$593

Year Built

Built in 1938

Lot Details

0.55 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Multiple Residences
  • Shop Building Features Shop Building: No
  • Lot Size Acres: 0.55
  • Road Frontage Type: City Street
  • Road Surface Type: Street - Asphalt
  • Water Body Name: None
  • Subdivision Name: N/A
  • Above Grade Finished Sq Ft: 5524.0
  • Architectural Style: 1 Story
  • Garage Yn: No
  • Living Area: 5524.0
  • New Construction: No
  • Year Built: 1938
  • Flood Insurance Required: Yes
  • Architecture 1 Story: Yes
  • Other Rooms 2nd Kitchen: Yes
  • Flooring Luxury Vinyl: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Propane Water Heater, Free Standing Stove: Propane, Free Standing Stove: Electric
  • Fireplace Features: Wood Burning, Free Standing, Living Room
  • Fireplace Features Fireplace: Yes
  • Flooring: Carpet, Concrete Stained, Laminate
  • Interior Amenities: High Ceilings
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features:Living Room: Yes
  • Interior Features:High Ceilings: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Free Standing Stove Electric: Yes
  • Other Rooms:Living Areas (3): Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Free Standing Stove Propane: Yes
  • Appliances:Propane Water Heater: Yes
  • Other Rooms:In-law Quarters: Yes
  • Other Rooms:Apartment: Yes
  • Fireplace Features:Free Standing: Yes

Exterior Features

  • Construction Materials: Stone
  • Patio And Porch Features: Deck, Covered
  • View: Panoramic
  • Waterfront: No
  • General Property Description:WaterfrontView: None
  • Patio and Porch Features:Covered2: Yes
  • View:Panoramic: Yes
  • Construction Materials:Stone4: Yes
  • Patio and Porch Features:Deck: Yes
  • Lot Features:Acreage: Yes
  • Lot Features:Paved Frontage: Yes

Utilities

  • Cooling: Central, Heat Pump, Ceiling Fans
  • Heating: Central, Fireplace, Forced Air, Heat Pump
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Central2: Yes
  • Heating:Heat Pump2: Yes
  • Heating Source:Electric2: Yes
  • Heating:Fireplace2: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Home Association Info:Home OwnersCondo Owners Association: None

Schools

  • Middle Or Junior School: Gainesville

Lot Info

  • Lot Features: Acreage, Paved Frontage
  • Lot Size Sq Ft: 23958.0
  • Parcel #: 15-0.3-07-001-001-0003.000

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 592.59
  • Tax Tract: 7

MLS Schools

  • Elementary School: Gainesville
  • High School: Gainesville

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2026 02/24/26 For Sale $499,900 -- $90 / Sq Ft
Source: Southern Missouri Regional MLS

Source: Southern Missouri Regional MLS

MLS Number: 60316112

Southern Missouri Regional MLS
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