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    Patio Home with Private Backyard Title is generated by Realmo AI

    329 E Lafayette Street, Springfield, MO 65810

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    For Sale
    $295,000

    DUPLEX - Other - Springfield, MO

    Property size:
    1,906 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $154/SF
    Added:
    Apr 20, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 329 E Lafayette Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Great Room
    Parking features
    Driveway, Garage
    Window features
    Double Pane Windows, Shutters, 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
    Standard status
    Active
    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

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2002
    Floors in Building
    1
    Flooring type
    Hardwood, Tile
    Building materials
    Brick, Stone
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Melinda A Hayes
    Melinda A Hayes

    Listing agent Melinda A Hayes License #1999034797

    Listing office Murney Associates - Nixa 485 W Aldersgate, Springfield, MO

    Listing date Apr 20, 2026

    MLS# 60321380 Listing URL

    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.

    HighLights

    • 3‑bedroom, 2‑bath patio home with 2‑car garage and a patio
    • Brick and stone exterior with hardwood and tile flooring
    • Open layout featuring high/vaulted and tray ceilings plus a fireplace
    • Primary bath amenities include a jetted tub and walk‑in shower
    • Central heating and central air with ceiling fans
    • Appliances include electric cooktop, free‑standing gas oven, microwave, dishwasher, and disposal

    Overview

    This residential patio home offers a thoughtful interior layout with open living areas, high ceilings, and an inviting fireplace. The home features three bedrooms and two bathrooms, along with a two-car garage. Externally, the brick and stone exterior is complemented by a patio home design and a private, secluded backyard setting for quieter mornings and evening gatherings.

    Situated in South Springfield, the property is listed at 329 E Lafayette Street in Springfield, MO 65810, within Greene County. The lot size is 0.15 acres, and the home size is noted as 1,906 square feet.

    For buyers seeking a manageable, comfort-focused home, this layout supports both everyday living and relaxed entertaining thanks to the open interior flow and dedicated outdoor space. The combination of high ceilings, a central living fireplace, and a two-car garage adds practical value to daily routines. Interested parties should schedule a showing to review the condition, finishes, and how the indoor and outdoor spaces connect.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.292017
    Latitude
    37.129853

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    FAQs

    What type of property is this?
    Residential land & home lot - Brick-and-stone patio home with an open layout, fireplace, and private backyard for everyday comfort.
    Where is this residential land & home lot located?
    The property is located at 329 E Lafayette Street Springfield, MO.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 3‑bedroom, 2‑bath patio home with 2‑car garage and a patio; Brick and stone exterior with hardwood and tile flooring; Open layout featuring high/vaulted and tray ceilings plus a fireplace
    (417) 724-2300
    We can help!
    Listing Contact
    Melinda A Hayes
    Melinda A Hayes
    Real Estate License ID: 1999034797
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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