Duplex with Private
New
For Sale
$429,500
1308 S Calabria Avenue, Republic, MO 65738
Residential Income, Republic, MO
Property Size2,702 SF
Lot Size0.16 Acres
Price / SF$158.96
Days on Market4
Property Features for 1308 S Calabria Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
6
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6
Interior features
Apply To All Units, Washer/Dryer Hookup, Utility Room
Exterior features
Balcony
Appliances
Range, Disposal, Dishwasher, Microwave
Subdivision
Monte Cristo
Elementary school
RP Schofield
Middle school
Republic
High school
Republic
Directions
From US-60 W (James River Fwy) in Republic, head south on MM Hwy (S Brookline Ave). Turn Rt. onto W Hines St., then left onto S Monte Cristo Ave. Turn right onto W Grace St. to the property on the corner of Grace and Calabria.
Standard status
Active
APN
1730400125
Size
2,702 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Monte Cristo Sub Phase 1 Lot 169
Tax Annual Amount
1764
HOA Fee
$550 Annually
Legal Description
Monte Cristo Sub Phase 1 Lot 169
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2018
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Lindy Cronkhite
(417) 631-3299
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 3:06PM
MLS# 60335326
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.
Built in 2018, this 2,702-square-foot duplex contains two occupied residences. Each unit is arranged with an open living and kitchen area, three bedrooms, two bathrooms, and a private two-car garage. Interior features include washer and dryer hookups and a utility room; a balcony is also included. The building has brick and vinyl siding, forced-air heat, and central air conditioning.
The property occupies a 0.16-acre corner parcel in Republic, Missouri, and is served by public sewer. Zoning is designated INC.
The property occupies a 0.16-acre corner parcel in Republic, Missouri, and is served by public sewer. Zoning is designated INC.
Key Highlights
- Two occupied residences, each with 3 bedrooms, 2 bathrooms, and a private 2‑car garage
- 2,702 square feet across the duplex
- Built in 2018
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
$22,640
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
5.27%
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%
$452,800
$452.8K
Cap Rate 7%
$323,429
$323.4K
Cap Rate 9%
$251,556
$251.6K
Market Conditions
NOI Build-Up for 2,702 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
$34.0K $12.60/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$32.3K $11.97/SF
− OpEx
−$9.7K −$3.59/SF
NOI
$22.6K $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%
$452,800
Cap Rate 7%
$323,429
Cap Rate 9%
$251,556
Alternative Uses
Best Use
Multifamily LT 5
$323.4K
$283.0K – $377.3K
NOI $22,640 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$300.8K
$263.2K – $351.0K
NOI $21,057 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,060 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
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 - Both residences have open living and kitchen areas, three bedrooms, and two bathrooms.
Where is this duplex located?
The property is located at 1308 S Calabria Avenue Republic, MO.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: Two occupied residences, each with 3 bedrooms, 2 bathrooms, and a private 2‑car garage; 2,702 square feet across the duplex; Built in 2018
