Brick Duplex with
For Sale
$285,000
Pending
329 E Lafayette Street, Springfield, MO 65810
Residential, Springfield, MO
Property Size1,906 SF
Lot Size0.15 Acres
Days on Market69
Property Features for 329 E Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Great Room, Bedroom 2
Parking features
Driveway, Garage
Window features
Shutters, Double Pane Windows, Blinds
Patio and Porch features
Patio
Interior features
Jetted Tub, Raised or Tiered Entry, Vaulted Ceiling(s), Tray Ceiling(s), High Ceilings, W/D Hookup, Walk-In Closet(s), Walk-in Shower
Exterior features
Rain Gutters, Cable Access
Fireplace
1
Appliances
Electric Cooktop, Free-Standing Gas Oven, Microwave, Water Softener Owned, Electric Water Heater, Disposal, Dishwasher
Subdivision
Twin Oaks Courts
Lot features
Cul-De-Sac
Elementary school
SGF-Disney
Middle school
SGF-Cherokee
High school
SGF-Kickapoo
Directions
Campbell South to East on Buena Vista. South on Robberson to East on Lafayette.
Standard status
Pending
APN
1813302079
Size
1,906 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Twin Oaks Courts (Replat Lot 8 Replat Lots 14 18 & 19) Lot 8
Tax Annual Amount
2089
HOA Fee
$250 Annually
Legal Description
Twin Oaks Courts (Replat Lot 8 Replat Lots 14 18 & 19) Lot 8
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
fireplace
Building Details
Year built
2002
Floors in Building
1
Flooring type
Hardwood, Tile
Building materials
Brick, Stone
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Murney Associates - Nixa
(417) 724-2300
Listed By:
Melinda A Hayes · License #1999034797
(417) 724-2300
Added: Jun 21
Changed: Aug 19
Last Checked: Aug 28 at 6:06AM
MLS# 60326987
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 1,906-square-foot duplex, built in 2002, combines an all-brick-and-stone exterior with an open interior arrangement. The residence includes three bedrooms, two bathrooms, high and vaulted ceilings, a great room with fireplace, hardwood and tile flooring, and a kitchen equipped with an electric cooktop, gas oven, microwave, dishwasher, and disposal. Additional features include a jetted tub, walk-in shower, walk-in closet, washer and dryer hookup, and central heating and cooling. A two-car garage, driveway, patio, rain gutters, and shingle asphalt roof complete the property.
The property occupies 0.15 acres at 329 E Lafayette Street in Springfield, Missouri 65810. Public sewer serves the site, and the backyard provides a private outdoor area. The home also includes a water softener, electric water heater, ceiling fans, and cable access.
The property occupies 0.15 acres at 329 E Lafayette Street in Springfield, Missouri 65810. Public sewer serves the site, and the backyard provides a private outdoor area. The home also includes a water softener, electric water heater, ceiling fans, and cable access.
Key Highlights
- 1,906 square feet on a 0.15‑acre lot
- Built in 2002 with brick and stone construction
- Three bedrooms, two bathrooms, and a great room with fireplace
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
$17,276
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
6.06%
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%
$345,520
$345.5K
Cap Rate 7%
$246,800
$246.8K
Cap Rate 9%
$191,956
$192.0K
Market Conditions
NOI Build-Up for 1,906 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
$26.3K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$24.7K $12.95/SF
− OpEx
−$7.4K −$3.88/SF
NOI
$17.3K $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%
$345,520
Cap Rate 7%
$246,800
Cap Rate 9%
$191,956
Alternative Uses
Best Use
Multifamily LT 5
$246.8K
$216.0K – $287.9K
NOI $17,276 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$220.1K
$192.6K – $256.8K
NOI $15,408 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 65810, MO
23,168
Population
10,022
Households
2.3
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,562
Median Household Income
$50,155
Median Earnings
$1,109
Median Rent
$282,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Open-plan duplex residence with vaulted ceilings, a fireplace, and a private rear yard.
Where is this duplex located?
The property is located at 329 E Lafayette Street Springfield, MO.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,906 square feet on a 0.15‑acre lot; Built in 2002 with brick and stone construction; Three bedrooms, two bathrooms, and a great room with fireplace
