Updated Duplex with
113 BENTON ST, Columbia, MO 65203
For Sale
$228,900
Two-level duplex with a two-bedroom main residence and an upstairs studio apartment.
Property Size850 SF
Price / SF$269.29
Days on Market51
Property Features for 113 BENTON ST
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Stories
Listing Agency:
Iron Gate Real Estate
Listed By:
Russell Boyt Real Estate Group
(573) 510-2050
Source:
Livelovemissouri
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 5:53AM
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 Iron Gate Real Estate
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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 / Yr
$7,010
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
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
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 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 3.06%
Second Best
Apartment 5plus
$93.9K
$82.2K – $109.6K
NOI $6,574 @ 7.0% cap · market cap 2.87%
Theoretical Best
Warehouse
$131.8K
$115.3K – $153.8K
NOI $9,225 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Columbia
Vacancy Rate% for Multifamily in Midwest region
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 $228,900.
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
