Brick-Front
New
For Sale
$347,500
Pending
1904/1906 S Bryson Circle, Springfield, MO 65807
Residential Income, Springfield, MO
Property Size2,546 SF
Lot Size0.25 Acres
Days on Market6
Property Features for 1904/1906 S Bryson Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1
Interior features
Washer/Dryer Hookup
Appliances
Range, Disposal, Dishwasher, Microwave
Subdivision
Bryson Landing
Elementary school
RP Price
Middle school
Republic
High school
Republic
Directions
West on Sunshine St past West Bypass. Right on Latoka Ave, then right onto Bryson Cir. Duplex is in the cul-de-sac.
Standard status
Pending
APN
1332200215
Size
2,546 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3196
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2017
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Lindy Cronkhite
(417) 631-3299
Added: Sep 22
Changed: Sep 27
Last Checked: Sep 27 at 3:06PM
MLS# 60334598
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 side-by-side duplex includes 2,546 square feet of residential space across two units at 1904 and 1906 S Bryson Circle. The brick-front property was built in 2017 and provides separate entrances, living areas, kitchens, and dedicated parking for each residence. Interior features include washer/dryer hookups, ranges, disposals, dishwashers, and microwaves. Forced-air heating, central air, and ceiling fans support year-round comfort.
The property sits on a 0.25-acre lot in Southeast Springfield, within a quiet cul-de-sac setting. It is currently tenant-occupied and served by public sewer, with water available. R2 zoning supports its duplex configuration, while the composition roof and combination brick and vinyl siding complete the exterior.
The property sits on a 0.25-acre lot in Southeast Springfield, within a quiet cul-de-sac setting. It is currently tenant-occupied and served by public sewer, with water available. R2 zoning supports its duplex configuration, while the composition roof and combination brick and vinyl siding complete the exterior.
Key Highlights
- Side‑by‑side duplex at 1904 and 1906 S Bryson Circle
- 2,546 square feet on a 0.25‑acre lot
- Built in 2017 with brick and vinyl siding
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
$23,077
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
6.64%
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%
$461,540
$461.5K
Cap Rate 7%
$329,671
$329.7K
Cap Rate 9%
$256,411
$256.4K
Market Conditions
NOI Build-Up for 2,546 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
$35.1K $13.80/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$33.0K $12.95/SF
− OpEx
−$9.9K −$3.88/SF
NOI
$23.1K $9.06/SF
Area
Springfield, MO
Vacancy
6.17%
Lease Rate
$13.80 /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%
$461,540
Cap Rate 7%
$329,671
Cap Rate 9%
$256,411
Alternative Uses
Best Use
Multifamily LT 5
$329.7K
$288.5K – $384.6K
NOI $23,077 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$294.0K
$257.3K – $343.0K
NOI $20,582 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$384.3K
$336.2K – $448.3K
NOI $26,899 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with private entrances, equipped kitchens, and dedicated parking.
Where is this duplex located?
The property is located at 1904/1906 S Bryson Circle Springfield, MO.
What is the asking price?
The asking price for this property is $347,500.
What are key features of this property?
This property features: Side‑by‑side duplex at 1904 and 1906 S Bryson Circle; 2,546 square feet on a 0.25‑acre lot; Built in 2017 with brick and vinyl siding
