Duplex Property with Efficiency
New
For Sale
$350,000
1035 E Linwood Terrace, Springfield, MO 65807
Residential Income, Springfield, MO
Property Size2,476 SF
Lot Size0.41 Acres
Price / SF$141.36
Days on Market3
Property Features for 1035 E Linwood Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Interior features
Storage, Washer/Dryer Hookup, Fireplace
Fireplace
1
Appliances
Refrigerator, Dryer, Washer
Subdivision
Phelps Park Terr
Elementary school
SGF-Delaware
Middle school
SGF-Jarrett
High school
SGF-Parkview
Directions
West on West Sunshine, North on National, W. on
Standard status
Active
APN
1325430006
Size
2,476 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PHELPS PARK TERR AMENDED PLAT LOT 1 BLK K
Tax Annual Amount
3023
Legal Description
PHELPS PARK TERR AMENDED PLAT LOT 1 BLK K
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall Unit(s)
Amenities
commons area patio
gazebo
washer/dryer
Building Details
Year built
1950
Building materials
Vinyl Siding
Roof type
Flat
Additional Structures
Storage
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Carolyn S Schasteen
(417) 880-4042
Added: Aug 28
Last Checked: Aug 30 at 4:06PM
MLS# 60332526
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 2,476-square-foot duplex property includes two matching units, each with two bedrooms and one bathroom, plus a one-bedroom, one-bath efficiency suite positioned between them. Original wood floors, major appliances, washer and dryer equipment, storage, fireplaces, newer windows, and a newer roof are among the existing features. Heating is provided by central systems, with cooling through central air and wall units. The property is connected to public sewer and has vinyl siding with a flat roof.
Set on 0.41 acres, the grounds include a shared patio and covered gazebo. The address is within walking distance of Phelps Grove, a museum, restaurants, and shopping. Two of the living spaces are fully furnished, and the property is currently operated as a full-time rental.
Set on 0.41 acres, the grounds include a shared patio and covered gazebo. The address is within walking distance of Phelps Grove, a museum, restaurants, and shopping. Two of the living spaces are fully furnished, and the property is currently operated as a full-time rental.
Key Highlights
- Two 2‑bedroom, 1‑bath units plus a 1‑bedroom, 1‑bath efficiency suite
- 2,476 square feet on 0.41 acres
- Original wood floors, fireplaces, storage, and washer/dryer equipment
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 spaces include two two-bedroom units and a one-bedroom efficiency suite.
Where is this duplex located?
The property is located at 1035 E Linwood Terrace 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 square feet on 0.41 acres; Original wood floors, fireplaces, storage, and washer/dryer equipment
