Corner Duplex Investment
For Sale
$455,000
1009 S Kansas Ave, Springfield, MO 65807
Two neighboring parcels offer fully occupied brick duplex units with updated interiors and appliances.
Property Size3,300 SF
Days on Market131
Property Features for 1009 S Kansas Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multifamily
Occupancy
100%
Site & Location
Neighborhood
Fassnight
Additional Details
Cap Rate
8.2%
Multifamily Units
4
Building Details
Building Size
3,300 SF
Year Built
1985
Construction
brick
Tenancy
Multi
Listing Agency:
SVN | Rankin Co
Listed By:
Jack Rankin · License #2018038830
(417) 860-9951
Source:
Svn
Added: Jun 24
Changed: Oct 25
Last Checked: Oct 30 at 12:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rankin Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale multifamily investment includes four two-bedroom, one-bath duplex units across two neighboring parcels. The property features all-brick exterior construction, and the units have newer flooring, appliances, and paint. All units are fully occupied.
The duplexes are located on the corner of Kansas and Grand at 1009 & 1015 S Kansas Ave in Springfield, Missouri. This corner positioning places the buildings at an intersection.
The offering is structured as a 2-parcel, 4-unit duplex configuration, with each unit maintaining a consistent two-bedroom, one-bath layout.
The duplexes are located on the corner of Kansas and Grand at 1009 & 1015 S Kansas Ave in Springfield, Missouri. This corner positioning places the buildings at an intersection.
The offering is structured as a 2-parcel, 4-unit duplex configuration, with each unit maintaining a consistent two-bedroom, one-bath layout.
Key Highlights
- Four two‑bedroom, one‑bath duplex units on two neighboring parcels at 1009 & 1015 S Kansas Ave, Springfield, MO
- All units are fully occupied
- All‑brick exterior duplex building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,911
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,220
$598.2K
Cap Rate 7%
$427,300
$427.3K
Cap Rate 9%
$332,344
$332.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$45.5K $13.80/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$42.7K $12.95/SF
− OpEx
−$12.8K −$3.88/SF
NOI
$29.9K $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 Rate 5%
$598,220
Cap Rate 7%
$427,300
Cap Rate 9%
$332,344
Alternative Uses
Best Use
Multifamily LT 5
$427.3K
$373.9K – $498.5K
NOI $29,911 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$381.1K
$333.5K – $444.6K
NOI $26,677 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$498.1K
$435.8K – $581.1K
NOI $34,865 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
266
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two neighboring parcels offer fully occupied brick duplex units with updated interiors and appliances.
Where is this quadplex located?
The property is located at 1009 S Kansas Ave Springfield, MO.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath duplex units on two neighboring parcels at 1009 & 1015 S Kansas Ave, Springfield, MO; All units are fully occupied; All‑brick exterior duplex building
