Last list price
289 S Adams Ave Lebanon, MO 65536
6
Beds
4
Baths
2,245
Sq Ft
0.34
Acres
Highlights
- Attached Garage
- Central Heating and Cooling System
- 3-minute walk to Nelson Park
About This Home
As of July 2025Four incomes, one property!
Unique opportunity to own a versatile income-generating property! 152 E Pierce is an updated single family residence boasting 3 bedrooms and 2 bathrooms, attached garage and basement. 289 S Adams Ave is a 2 story duplex. The bottom floor is a 2 bedroom 1 bath with large bonus rooms and beautiful original features. The top floor is a 1 bedroom 1 bath, and is currently rented . In the back of the property is a 1092 square foot shop building and it is currently rented as well. In today's market, properties yielding double digit capitalization rates are increasingly rare. This opportunity won’t last long-act now to secure this exceptional investment.
Last Agent to Sell the Property
Midwest Land Group LLC License #2024002157 Listed on: 03/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,288
Year Built
- Built in 1950
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 100x150
Home Design
- 2,245 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- Attached Garage
- On-Street Parking
Schools
- Lebanon Riii Elementary School
- Lebanon Middle School
- Lebanon Sr. High School
Utilities
- Central Heating and Cooling System
Community Details
- 3 Units
- Net Operating Income $1,050
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Assessor Parcel Number 60-4094-00-1-R.R.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 29, 2021
Sold by
Hough Properties Llc
Bought by
Four As Properties Llc
Total Days on Market
72
Purchase Details
Listed on
Jun 22, 2017
Closed on
Aug 1, 2017
Sold by
Palmer Trisha L
Bought by
Hough Properties Llc
Seller's Agent
Merry Anne Rutledge
The Real Estate Co
Buyer's Agent
Jeremiah Hough
Gateway Real Estate
List Price
$167,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$157,500
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 19, 2017
Sold by
Palmer Michael J
Bought by
Palmer Trisha L
Similar Home in Lebanon, MO
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Great Amer Ttl All Branches | |
| Warranty Deed | -- | Jeffries | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional | |
| Closed | $205,800 | Credit Line Revolving | |
| Previous Owner | $157,500 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Sold | -- | -- | -- |
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 03/11/2025 03/11/25 | For Sale | $315,000 | +88.1% | $140 / Sq Ft |
| 03/11/2025 03/11/25 | Off Market | -- | -- | -- |
| 08/01/2017 08/01/17 | Sold | -- | -- | -- |
| 06/26/2017 06/26/17 | Pending | -- | -- | -- |
| 06/22/2017 06/22/17 | For Sale | $167,500 | -- | $89 / Sq Ft |
Source: MARIS MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,288 | $22,590 | $0 | $0 |
| 2023 | $1,327 | $22,590 | $0 | $0 |
| 2022 | $1,237 | $22,590 | $0 | $0 |
| 2021 | $1,362 | $22,591 | $3,610 | $18,981 |
| 2020 | $1,369 | $22,591 | $3,610 | $18,981 |
| 2019 | $1,311 | $22,590 | $3,610 | $18,980 |
| 2018 | $1,230 | $22,590 | $3,610 | $18,980 |
| 2017 | $1,169 | $22,590 | $0 | $0 |
| 2016 | $1,167 | $22,590 | $0 | $0 |
| 2015 | $1,167 | $22,590 | $0 | $0 |
| 2014 | $1,167 | $22,590 | $0 | $0 |
| 2013 | -- | $22,590 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Larry Miller
L
Seller's Agent in 2025
Larry Miller
Midwest Land Group LLC
(417) 839-5953
25 Total Sales
-
Default Zmember
D
Buyer's Agent in 2025
Default Zmember
Zdefault Office
(314) 984-9111
8,790 Total Sales
-
M
Seller's Agent in 2017
Merry Anne Rutledge
The Real Estate Co
-
J
Buyer's Agent in 2017
Jeremiah Hough
Gateway Real Estate
Map
Source: MARIS MLS
MLS Number: MIS25014454
APN: 13-1.0-11-002-026-007.000
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