Brick Duplex Patio
For Sale
$234,999
1348 E Arlington Street, Springfield, MO 65803
DUPLEX - Ranch - Springfield, MO
Property Size1,443 SF
Lot Size0.15 Acres
Price / SF$162.85
Days on Market31
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
Bedroom 1, Den, Bathroom 1, Bedroom 2, Bathroom 2, Bonus Room
Parking features
Driveway, Garage
Window features
Double Pane Windows
Patio and Porch features
Porch, Deck
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
Central Air, Ceiling Fan(s)
Building Details
Year built
1987
Floors in Building
1
Flooring type
Vinyl, Tile
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: Aug 5
Last Checked: Aug 22 at 8:06PM
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 remodeled all-brick ranch duplex is a low-maintenance patio home with a versatile bonus space that can be used as a sunroom, office, or potential third bedroom. The interior features LVP flooring throughout with no carpet, updated bathrooms, and brand-new appliances. The floor plan spans 1,443 square feet and includes a den/bonus area plus bedrooms and bathrooms designed for flexible everyday living. Outdoor amenities include a deck and porch, along with privacy fencing.
The roof was fully replaced in March 2026. Additional property features include forced-air central heating and central air conditioning, rain gutters, and a garage with driveway parking. Public sewer is available, and the property sits on a 0.15-acre lot.
Conveniently located for quick access to I-44 and Mission University, with outdoor recreation minutes away at McDaniel Lake, Fellows Lake, and Valley Water Mill Park.
The roof was fully replaced in March 2026. Additional property features include forced-air central heating and central air conditioning, rain gutters, and a garage with driveway parking. Public sewer is available, and the property sits on a 0.15-acre lot.
Conveniently located for quick access to I-44 and Mission University, with outdoor recreation minutes away at McDaniel Lake, Fellows Lake, and Valley Water Mill Park.
Key Highlights
- Remodeled all‑brick ranch duplex patio home
- Roof fully replaced in March 2026
- 1,443 SF floor plan with bonus room for sunroom, office, or potential third bedroom
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
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled all-brick ranch duplex with a bonus room and a roof replacement in March 2026.
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: Remodeled all‑brick ranch duplex patio home; Roof fully replaced in March 2026; 1,443 SF floor plan with bonus room for sunroom, office, or potential third bedroom
