Mostly All-Brick Duplex on
For Sale
$318,600
Pending
518 & 520 E Jewett Place, Springfield, MO 65807
MULTI_FAMILY - Springfield, MO
Property Size2,342 SF
Lot Size0.28 Acres
Days on Market45
Property Features for 518 & 520 E Jewett Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
res
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Interior features
Fireplace, Washer/Dryer Hookup, Utility Room
Exterior features
Balcony
Fireplace
1
Appliances
Range, Disposal, Dishwasher, Refrigerator
Subdivision
Arrowhead
Elementary school
SGF-Horace Mann
Middle school
SGF-Carver
High school
SGF-Kickapoo
Directions
West on Walnut Lawn from National, South on Jefferson, Left on Jewett to property in culdesac.
Standard status
Pending
APN
1812201010
Size
2,342 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ARROWHEAD ESTS LOT 26
Tax Annual Amount
1867
Legal Description
ARROWHEAD ESTS LOT 26
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1985
Number of units
2
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Jim Hutcheson, REALTORS
(417) 886-1700
Listed By:
Jeffrey R Frye · License #1999055407
(417) 886-1700
Added: Jul 8
Changed: Aug 2
Last Checked: Aug 21 at 2:06AM
MLS# 60328324
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 mostly all-brick duplex offers two separate units, each laid out as a clean two-bedroom, two-bath plan with two-car parking. The property is built on a cul-de-sac and backs to a church. Unit 520 E Jewett Place is rented and currently operates on a month-to-month basis, while unit 518 E Jewett Place is vacant.
Built in 1985, the duplex totals 2,342 square feet on a 0.28-acre lot. Interior features include a fireplace, washer/dryer hookup, and a utility room. Exterior features include a balcony, and the home is heated with forced air and cooled with central air and ceiling fans. Appliances listed include a range, disposal, dishwasher, and refrigerator.
Utilities include natural gas available, with public sewer service. The roof is shingle/composition, supporting a straightforward, maintainable residential income layout for a tenant-ready duplex configuration.
Built in 1985, the duplex totals 2,342 square feet on a 0.28-acre lot. Interior features include a fireplace, washer/dryer hookup, and a utility room. Exterior features include a balcony, and the home is heated with forced air and cooled with central air and ceiling fans. Appliances listed include a range, disposal, dishwasher, and refrigerator.
Utilities include natural gas available, with public sewer service. The roof is shingle/composition, supporting a straightforward, maintainable residential income layout for a tenant-ready duplex configuration.
Key Highlights
- 0.28‑acre mostly all‑brick duplex built in 1985 totaling 2,342 SF
- Two 2‑bed, 2‑bath, two‑car units; Unit 520 is rented month‑to‑month
- Unit 518 E Jewett Place is vacant
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
$21,228
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
6.66%
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%
$424,560
$424.6K
Cap Rate 7%
$303,257
$303.3K
Cap Rate 9%
$235,867
$235.9K
Market Conditions
NOI Build-Up for 2,342 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
$32.3K $13.80/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$30.3K $12.95/SF
− OpEx
−$9.1K −$3.88/SF
NOI
$21.2K $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%
$424,560
Cap Rate 7%
$303,257
Cap Rate 9%
$235,867
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.8K
NOI $21,228 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$270.5K
$236.7K – $315.6K
NOI $18,933 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,889
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
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 - Mostly all-brick duplex with two 2-bed/2-bath 2-car units, one vacant and one month-to-month.
Where is this duplex located?
The property is located at 518 & 520 E Jewett Place Springfield, MO.
What is the asking price?
The asking price for this property is $318,600.
What are key features of this property?
This property features: 0.28‑acre mostly all‑brick duplex built in 1985 totaling 2,342 SF; Two 2‑bed, 2‑bath, two‑car units; Unit 520 is rented month‑to‑month; Unit 518 E Jewett Place is vacant
