Remodeled Brick Duplex
For Sale
$234,999
1348 E Arlington Street, Springfield, MO 65803
Residential, Springfield, MO
Property Size1,443 SF
Lot Size0.15 Acres
Price / SF$162.85
Days on Market54
Property Features for 1348 E Arlington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bedroom 1, Bonus Room, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Driveway, Garage
Window features
Double Pane Windows
Patio and Porch features
Deck, Porch
Interior features
High Speed Internet, W/D Hookup, Marble Counters, Laminate Counters, Tray Ceiling(s), Walk-In Closet(s), Walk-in Shower
Exterior features
Rain Gutters
Fencing
Privacy
Appliances
Dishwasher, Gas Water Heater, Free-Standing Electric Oven, Microwave, Disposal
Subdivision
Woodland Hills
Elementary school
SGF-Truman
Middle school
SGF-Pleasant View
High school
SGF-Hillcrest
Directions
North On Glenstone, Past 44, Left @ Hickory Ridge , Left On Delaware-to Arlington.
Standard status
Active
APN
1206213078
Size
1,443 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Woodland Hills II Amd Plat Lots 25 Thru 41 Lot 30
Tax Annual Amount
1136
Legal Description
Woodland Hills II Amd Plat Lots 25 Thru 41 Lot 30
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1987
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding, Brick Full
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
Real Broker, LLC
(573) 520-3099
Listed By:
(417) 860-4670
Added: Jul 23
Changed: Sep 12
Last Checked: Sep 14 at 3:06AM
MLS# 60329541
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 1,443-square-foot ranch-style duplex property on a 0.15-acre lot has been completely remodeled and features brick construction, a shingle composition roof, and a low-maintenance layout. Interior improvements include new appliances, updated bathrooms, LVP flooring throughout, marble and laminate countertops, walk-in shower, and a bonus room that can serve as a sunroom, office, or potential third bedroom. The home also includes two bedrooms, two bathrooms, a den, central heating and cooling, washer/dryer hookups, and high-speed internet access. Exterior features include a deck, porch, privacy fencing, rain gutters, driveway parking, and a garage.
Built in 1987, the property is located in the Woodland Hills subdivision with access to public sewer. It offers quick access to I-44 and Mission University, with McDaniel Lake, Fellows Lake, Valley Water Mill Park, and several golf facilities nearby. The roof was fully replaced in March 2026.
Built in 1987, the property is located in the Woodland Hills subdivision with access to public sewer. It offers quick access to I-44 and Mission University, with McDaniel Lake, Fellows Lake, Valley Water Mill Park, and several golf facilities nearby. The roof was fully replaced in March 2026.
Key Highlights
- Completely remodeled 1,443‑square‑foot ranch‑style duplex property
- 0.15‑acre lot in the Woodland Hills subdivision
- Roof fully replaced in March 2026
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
$13,079
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
5.57%
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%
$261,580
$261.6K
Cap Rate 7%
$186,843
$186.8K
Cap Rate 9%
$145,322
$145.3K
Market Conditions
NOI Build-Up for 1,443 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
$19.9K $13.80/SF
− Vacancy
−$1.2K −$0.85/SF
EGI
$18.7K $12.95/SF
− OpEx
−$5.6K −$3.88/SF
NOI
$13.1K $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%
$261,580
Cap Rate 7%
$186,843
Cap Rate 9%
$145,322
Alternative Uses
Best Use
Multifamily LT 5
$186.8K
$163.5K – $218.0K
NOI $13,079 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$166.6K
$145.8K – $194.4K
NOI $11,665 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Updated ranch-style property with flexible bonus space, modern finishes, and convenient access to I-44.
Where is this duplex located?
The property is located at 1348 E Arlington Street Springfield, MO.
What is the asking price?
The asking price for this property is $234,999.
What are key features of this property?
This property features: Completely remodeled 1,443‑square‑foot ranch‑style duplex property; 0.15‑acre lot in the Woodland Hills subdivision; Roof fully replaced in March 2026
