Updated Duplex with
New
For Sale
$349,900
1127 N Northwood Avenue, Republic, MO 65738
Residential Income, Republic, MO
Property Size2,184 SF
Lot Size0.26 Acres
Price / SF$160.21
Days on Market1
Property Features for 1127 N Northwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Interior features
Apply To All Units, Washer/Dryer Hookup
Appliances
Range, Disposal, Dishwasher, Refrigerator, Microwave
Subdivision
Westwood Est
Elementary school
Republic
Middle school
Republic
High school
Republic
Directions
Directions: from Springfield go west to 60, go to republic then turn left at Republic Ford, go south to Farm Rd. 174, go left to Northwood, go left to duplex.
Standard status
Active
APN
1716100290
Size
2,184 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTWOOD SUB LOT 28
Tax Annual Amount
2266
Legal Description
WESTWOOD SUB LOT 28
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
deck
Building Details
Year built
2007
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Nicole Pettyjohn · License #2020036993
(417) 612-0227
Added: Sep 11
Last Checked: Sep 11 at 3:06PM
MLS# 60333668
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 2,184-square-foot duplex sits on 0.26 acres in Republic and was built in 2007. Each residence includes 2 bedrooms, 2 full baths, an attached 2-car garage, washer/dryer hookups, and a kitchen equipped with a range, disposal, dishwasher, refrigerator, and microwave. Flooring, paint, and appliances have been updated in both units, while the composition roof is newer. Central heating and central air serve the property, with public sewer and water available. One unit also includes a stained and sealed deck, and both residences have large yards.
The property is zoned R-2 and is located near Amazon and the Springfield employment corridor, including CoxHealth, Mercy, Missouri State University, Bass Pro Shops, and Springfield-Branson National Airport. Shopping, dining, and major highways are also identified nearby. Both units are leased, with tenants responsible for their own utilities and lawn maintenance. Lease terms extend through December and January, followed by month-to-month options.
The property is zoned R-2 and is located near Amazon and the Springfield employment corridor, including CoxHealth, Mercy, Missouri State University, Bass Pro Shops, and Springfield-Branson National Airport. Shopping, dining, and major highways are also identified nearby. Both units are leased, with tenants responsible for their own utilities and lawn maintenance. Lease terms extend through December and January, followed by month-to-month options.
Key Highlights
- 2,184 square feet on 0.26 acres in Republic
- 2 units, each with 2 bedrooms, 2 full baths, and an attached 2‑car garage
- 4 total garage spaces across the duplex
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
$18,300
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
5.23%
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%
$366,000
$366.0K
Cap Rate 7%
$261,429
$261.4K
Cap Rate 9%
$203,333
$203.3K
Market Conditions
NOI Build-Up for 2,184 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
$27.5K $12.60/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$26.1K $11.97/SF
− OpEx
−$7.8K −$3.59/SF
NOI
$18.3K $8.38/SF
Area
Greene County, MO
Vacancy
5.00%
Lease Rate
$12.60 /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%
$366,000
Cap Rate 7%
$261,429
Cap Rate 9%
$203,333
Alternative Uses
Best Use
Multifamily LT 5
$261.4K
$228.8K – $305.0K
NOI $18,300 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.7K
NOI $17,021 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$716.6K
$627.0K – $836.0K
NOI $50,162 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 65738, MO
20,995
Population
8,878
Households
2.4
Avg Household Size
35
Median Age
28%
College-Educated
95%
High-School Grad
53.9 sq mi
ZIP Area
390
Density / Sq Mi
$67,848
Median Household Income
$45,220
Median Earnings
$1,069
Median Rent
$195,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with refreshed interiors, attached garages, and tenant-paid utilities.
Where is this duplex located?
The property is located at 1127 N Northwood Avenue Republic, MO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,184 square feet on 0.26 acres in Republic; 2 units, each with 2 bedrooms, 2 full baths, and an attached 2‑car garage; 4 total garage spaces across the duplex
