2-Unit
For Sale
$200,000
1406 W Calhoun Street #A-B, Springfield, MO 65802
Multifamily zoning applies to this two-unit residential property.
Property Size1,780 SF
Price / SF$112.36
Days on Market30
Property Features for 1406 W Calhoun Street #A-B
General Information
Standard status
Active
Size
1,780 SF
Property subtype
Residential Income
Zoning
Multi-family
Site & Location
Neighborhood
Grant Beach
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$992
Amenities
Apply To All Units
Washer/Dryer Hookup
Building Details
Building Size
1,780 SF
Year Built
1977
Units
2
Listing Agency:
Home Sweet Home Realty & Associates, LLC
(417) 221-6466
Listed By:
Bryant Frizzell
(417) 880-9275
Source:
Jimhutchesonrealtors
Added: Oct 1
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Home Sweet Home Realty & Associates, LLC
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Investment Insights
Based on property information with market context.
Built in 1977, this 1,780-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. One apartment is occupied by a renter; the other is vacant and available for occupancy or leasing.
The property is located in Springfield, Missouri, at 1406 W Calhoun Street. Its zoning is designated multi-family.
The property is located in Springfield, Missouri, at 1406 W Calhoun Street. Its zoning is designated multi-family.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,780 square feet
- One unit is rented and the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,134
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,680
$322.7K
Cap Rate 7%
$230,486
$230.5K
Cap Rate 9%
$179,267
$179.3K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$24.6K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$23.0K $12.95/SF
− OpEx
−$6.9K −$3.88/SF
NOI
$16.1K $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 Rate 5%
$322,680
Cap Rate 7%
$230,486
Cap Rate 9%
$179,267
Alternative Uses
Best Use
Multifamily LT 5
$230.5K
$201.7K – $268.9K
NOI $16,134 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$205.6K
$179.9K – $239.8K
NOI $14,390 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$268.7K
$235.1K – $313.4K
NOI $18,806 @ 7.0% cap · market cap 9.40%
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
323
Businesses Nearby
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Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily zoning applies to this two-unit residential property.
Where is this duplex located?
The property is located at 1406 W Calhoun Street #A-B Springfield, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,780 square feet; One unit is rented and the other is vacant
