Renovated
For Sale
$297,900
1293 Hillcrest Place, Branson, MO 65616
Residential, Branson, MO
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$148.95
Days on Market73
Property Features for 1293 Hillcrest Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Dining Room, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 1
Window features
Double Pane Windows
Patio and Porch features
Deck
Appliances
Dishwasher, Refrigerator, Disposal
Subdivision
West Branson Heights
Elementary school
Branson Cedar Ridge
Middle school
Branson
High school
Branson
Directions
From 65 hwy take W 76 Country Blvd to Right on Fall Creek Rd, to Right on Berry Dr, R On Hillcrest Terrace, Condos on Right at end.
Standard status
Active
APN
17-3.0-06-001-002-011.003
Size
2,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WEST BRANSON HEIGHTS WEST BRANSON HEIGHTS LT 10 C BLK 8; OF THE RPLT OF
Tax Annual Amount
1593
Legal Description
WEST BRANSON HEIGHTS WEST BRANSON HEIGHTS LT 10 C BLK 8; OF THE RPLT OF
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump
Building Details
Year built
2007
Floors in Building
2
Flooring type
Tile, Carpet, Vinyl
Roof type
Composition
Listing Agency:
Keller Williams Tri-Lakes · Keller Williams Realty
(417) 336-4999
Listed By:
Jeff Reynolds · License #2014000621
(417) 840-0186
Added: Jul 3
Changed: Sep 12
Last Checked: Sep 13 at 6:06AM
MLS# 60328038
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2000 square feet on a 0.18-acre lot and was built in 2007. Side B has been updated with new paint, flooring, and additional improvements, providing a refreshed interior suitable for occupancy or leasing. Interior features include vinyl, tile, and carpet flooring, central heating and cooling, heat-pump systems, a dishwasher, refrigerator, disposal, and a deck. The property is served by public sewer and has a composition roof.
The Branson property is approximately 2 minutes from Starbucks, Panera Bread, and grocery stores, with Hwy 65 about 5 minutes away. The wooded setting provides a more private residential environment while maintaining access to nearby retail and transportation routes. The room inventory includes four bedrooms and four bathrooms.
The Branson property is approximately 2 minutes from Starbucks, Panera Bread, and grocery stores, with Hwy 65 about 5 minutes away. The wooded setting provides a more private residential environment while maintaining access to nearby retail and transportation routes. The room inventory includes four bedrooms and four bathrooms.
Key Highlights
- 2000 square feet on a 0.18‑acre lot
- Side B recently updated with new paint, flooring, and additional improvements
- Built in 2007 with four bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
$363.2K
Cap Rate 7%
$259,457
$259.5K
Cap Rate 9%
$201,800
$201.8K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.1K $14.04/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$25.9K $12.97/SF
− OpEx
−$7.8K −$3.89/SF
NOI
$18.2K $9.08/SF
Area
Taney County, MO
Vacancy
7.60%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,240
Cap Rate 7%
$259,457
Cap Rate 9%
$201,800
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.0K – $302.7K
NOI $18,162 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$230.7K
$201.9K – $269.2K
NOI $16,152 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$390.9K
$342.0K – $456.0K
NOI $27,360 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 65616, MO
27,562
Population
16,419
Households
1.7
Avg Household Size
43
Median Age
30%
College-Educated
90%
High-School Grad
76.5 sq mi
ZIP Area
360
Density / Sq Mi
$60,253
Median Household Income
$29,892
Median Earnings
$975
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a refreshed side, private wooded surroundings, and convenient access to everyday shopping.
Where is this duplex located?
The property is located at 1293 Hillcrest Place Branson, MO.
What is the asking price?
The asking price for this property is $297,900.
What are key features of this property?
This property features: 2000 square feet on a 0.18‑acre lot; Side B recently updated with new paint, flooring, and additional improvements; Built in 2007 with four bedrooms and four bathrooms
