Duplex Property With Efficiency
New
For Sale
$350,000
Pending
1035 E Linwood Ter, Springfield, MO 65807
Three separate living areas feature original wood floors, appliances, and shared outdoor space.
Property Size2,476 SF
Lot Size0.41 Acres
Days on Market7
Property Features for 1035 E Linwood Ter
General Information
Standard status
Pending
Size
2,476 SF
Lot size
0.41 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
washer/dryer
common area patio
gazebo
Building Details
Year Built
1950
Listing Agency:
Keller Williams Local
Listed By:
Carolyn S Schasteen klrw369@kw.com
(417) 883-4900
Source:
Trilakeshomesearch
Added: Aug 27
Changed: Sep 2
Last Checked: Sep 1 at 8:06PM
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 Keller Williams Local
Investment Insights
Based on property information with market context.
This Springfield duplex property includes two matching two-bedroom, one-bath units plus a one-bedroom, one-bath efficiency suite positioned between them. The residences retain original wood flooring and include major appliances, including washers and dryers. Two units are fully furnished. Newer windows and a newer roof are also noted, and the property is currently operated as a full-time rental.
The 0.41-acre site includes a shared rear patio and covered gazebo. The property at 1035 E Linwood Ter is within walking distance of Phelps Grove, a museum, restaurants, and shopping. The three-part configuration provides separate living areas within one property, with the efficiency suite included as an additional residential component.
The 0.41-acre site includes a shared rear patio and covered gazebo. The property at 1035 E Linwood Ter is within walking distance of Phelps Grove, a museum, restaurants, and shopping. The three-part configuration provides separate living areas within one property, with the efficiency suite included as an additional residential component.
Key Highlights
- Two 2‑bedroom, 1‑bath units plus a 1‑bedroom, 1‑bath efficiency suite
- 2,476 property size with 0.41 acre of land
- Original wood floors and major appliances, including washer/dryer
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
$22,442
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
6.41%
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%
$448,840
$448.8K
Cap Rate 7%
$320,600
$320.6K
Cap Rate 9%
$249,356
$249.4K
Market Conditions
NOI Build-Up for 2,476 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
$34.2K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$32.1K $12.95/SF
− OpEx
−$9.6K −$3.88/SF
NOI
$22.4K $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%
$448,840
Cap Rate 7%
$320,600
Cap Rate 9%
$249,356
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,442 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$373.7K
$327.0K – $436.0K
NOI $26,160 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
357
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 - Three separate living areas feature original wood floors, appliances, and shared outdoor space.
Where is this duplex located?
The property is located at 1035 E Linwood Ter Springfield, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units plus a 1‑bedroom, 1‑bath efficiency suite; 2,476 property size with 0.41 acre of land; Original wood floors and major appliances, including washer/dryer
