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504 Broadway, Hannibal, MO, 63401

10beds
5baths
9,720sqft
$239,897
$25price/sqft
$2,397/moest. monthly cost
$95,880/yrincome needed

About This Home

Value-add 9-unit investment opportunity with income already in place and clear upside ahead! Five finished units currently generate $3,150/month, while three additional units have been gutted and are ready to be finished. The previous roof leak has been addressed, and the final unit will require additional work to get rent-ready. Ideal for an investor looking to increase occupancy, improve cash flow, and build long-term value.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

4/10
Hannibal Middle SchoolGrades 6-82.0 mi
5/10
Hannibal Sr. High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1895

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Apartment Style
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 5

Heating & Cooling

  • Heating features: Baseboard,Forced Air,Natural Gas
  • Cooling features: Central Air,Electric,Window Unit(s)

Interior Area

  • Total structure area: 9,720
  • Total interior livable area: 9,720 sqft

Property

Details

  • Parcel number: 010.08.28.2.18.004.000
  • Special condition: Standard

Lot

  • Lot size: 6,534 sqft

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Lightning
Strong Wind
Cold Wave
Hail
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters Across Missouri Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,213$14,556
Home Insurance *$293$3,516
Property Taxes $149$1,788
Electricity $742$8,906
Total$2,397$28,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,182/yr
40% on housing$71,910/yr
45% on housing$63,920/yr

Missouri FAIR Plan Programs

Missouri Property Insurance Placement Facility

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,041Commercial: 84
Total Premiums$2.35M
Total Exposure$198.26M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 2.9%
2.9%
0%15.0%
Property Taxes Growth Rate2-year average: -5.7%
-5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$25This listing

vs Other Active Listings

Avg $/sqft

ZIP 63401$124
Marion County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 63401$107
Marion County$95

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-13Price change$239,897
2026-06-06Price change$260,000
2026-05-12Listed for sale$275,000
2025-07-31Listing removed$315,000
2025-06-06Listed for sale$315,000

For Sale by Agent

AgentJeremy Farlow
BrokerageFarlow Real Estate Experts Inc

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