Updated Duplex with
New
For Sale
$229,900
113 BENTON ST, Columbia, MO 65203
Two-level duplex with a two-bedroom main residence and an upstairs studio apartment.
Property Size850 SF
Price / SF$270.47
Days on Market3
Property Features for 113 BENTON ST
General Information
Standard status
Active
Size
850 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Stories
2
Listing Agency:
Remax Boone Realty
Listed By:
Russell Boyt Real Estate Group
(573) 510-2050
Source:
Livelovemissouri
Added: Sep 20
Changed: Sep 21
Last Checked: Sep 21 at 6:59AM
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 Remax Boone Realty
Investment Insights
Based on property information with market context.
This duplex offers two separate residential layouts across its main and upper levels. The main residence includes 850 sq. ft., two bedrooms, and one bathroom, while the upstairs studio apartment provides approximately 650 sq. ft., one bedroom, and one bathroom. Updates have been completed throughout the property, and a one-car garage is included.
The property is located at 113 BENTON ST in Columbia, Missouri, on a large lot. Its two-unit configuration provides a separate studio apartment above the primary living space, with the address offering convenient access to the surrounding Columbia area.
The property is located at 113 BENTON ST in Columbia, Missouri, on a large lot. Its two-unit configuration provides a separate studio apartment above the primary living space, with the address offering convenient access to the surrounding Columbia area.
Key Highlights
- Two‑unit duplex with 850 sq. ft. main level and approximately 650 sq. ft. upper level
- Main residence includes 2 BRs and 1 BA
- Upper‑level studio apartment includes 1 BR and 1 BA
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
$7,010
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
3.05%
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%
$140,200
$140.2K
Cap Rate 7%
$100,143
$100.1K
Cap Rate 9%
$77,889
$77.9K
Market Conditions
NOI Build-Up for 850 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
$10.7K $12.60/SF
− Vacancy
−$696 −$0.82/SF
EGI
$10.0K $11.78/SF
− OpEx
−$3.0K −$3.53/SF
NOI
$7.0K $8.25/SF
Area
Columbia, MO
Vacancy
6.50%
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%
$140,200
Cap Rate 7%
$100,143
Cap Rate 9%
$77,889
Alternative Uses
Best Use
Multifamily LT 5
$100.1K
$87.6K – $116.8K
NOI $7,010 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$93.9K
$82.2K – $109.6K
NOI $6,574 @ 7.0% cap · market cap 2.86%
Theoretical Best
Warehouse
$131.8K
$115.3K – $153.8K
NOI $9,225 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 65203, MO
59,712
Population
27,157
Households
2.2
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
799
Density / Sq Mi
$80,442
Median Household Income
$48,287
Median Earnings
$1,035
Median Rent
$319,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with a two-bedroom main residence and an upstairs studio apartment.
Where is this duplex located?
The property is located at 113 BENTON ST Columbia, MO.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex with 850 sq. ft. main level and approximately 650 sq. ft. upper level; Main residence includes 2 BRs and 1 BA; Upper‑level studio apartment includes 1 BR and 1 BA
