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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 932 sqft
Price per Sqft $257
Subdivision City/Washington
MLS Listing ID 25080292
Style Bungalow,Cottage
Bedrooms 2
Full Baths 2
Year Built 1943
Annual Tax Amount $840
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Single Family Residence
Property Description
$240,000 | Downtown Washington | Riverfront Access | C-1 Zoning | TWO Buildable Lots
Turn-key Airbnb or long-term rental investment in one of Washington's most walkable, high-demand tourist corridors! This charming Midwest farmhouse sits on TWO lots totaling approx. 1/3 acre, with the second lot vacant & buildable—creating immediate income with powerful future expansion upside. Zoned C-1 Residential/Commercial for unmatched flexibility.
Short-Term Rental (Airbnb) Pro-Forma – Based on $240,000 Entry Price
Estimated Nightly Rate: $190–$260
Conservative Occupancy: 60%
Projected Gross Annual STR Revenue:
$41,600 – $56,900+ per year
Estimated Net After Expenses (30–35%):
$27,000 – $39,000 NET annually
Strong cash flow potential
Walkable tourism location
Wine country, Amtrak, riverfront, festivals, lake recreation
Multi-entrance layout ideal for guest turnover
Long-Term Rental Pro-Forma
Estimated Rent: $1,900 – $2,400/month
Projected Annual Rent:
$22,800 – $28,800 per year
Solid performance for:
Buy-and-hold investors
Medium-term corporate rentals
Traveling nurse or executive rentals
Second Lot = Forced Appreciation Opportunity
One vacant, buildable second lot allows:
Additional STR unit
Guest cottage
Office or studio rental
Tiny home luxury rental
This creates a compound income property instead of a single-door investment
Built for High ROI / Low Overhead
• Vinyl siding
• Metal roof
• Vinyl thermopane windows
• Newer composite deck
• Walkout lower level with full bath, egress, laundry & two private entrances
• Main floor bedroom + den (easy 2-bed potential)
• Loft bedroom for added occupancy
Location = Bookings
Walk to:
• Riverfront & boat ramp
• Parks, pool, pickleball & sports fields
• Lions Lake & fairgrounds
• Amtrak station
• Downtown dining, shopping & festivals
• Minutes to Missouri Wine Country
Passed Occupancy • Move-In Ready • Proven STR & LTR Demand Corridor
At $240,000, this property offers multiple income strategies, appreciation via development, and exceptional walkability—a rare combination in this price point.
Location
State MO
County Franklin
Area 366 - Washington School
Rooms
Basement Bathroom, Block, Concrete, Daylight, Egress Window, Exterior Entry, Partially Finished, Interior Entry, Sleeping Area, Storage Space, Walk-Out Access
Main Level Bedrooms 1
Interior
Interior Features Dining/Living Room Combo, High Speed Internet, Pantry, Master Downstairs, Storage
Heating Forced Air, Propane
Cooling Ceiling Fan(s), Electric, Window Unit(s)
Flooring Wood
Fireplace N
Appliance Gas Oven, Refrigerator, Washer/Dryer
Laundry In Basement, Lower Level
Exterior
Exterior Feature Balcony, Barbecue, Courtyard, Fire Pit, Garden, Rain Gutters
Parking Features false
Utilities Available Cable Available, Electricity Connected
View Y/N No
Roof Type Metal
Building
Lot Description Back Yard, City Lot, Cleared, Few Trees, Gentle Sloping, Landscaped, Near Park
Story 1.5
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Washington West Elem.
Middle Schools Washington Middle
High Schools Washington High
School District Washington
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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