Single-Story Side-by-Side
For Sale
$290,000
155-157 MAPLE GROVE WAY, Columbia, MO 65203
Fully leased two-unit property with matching three-bedroom layouts and convenient single-level living.
Property Size2,164 SF
Price / SF$134.01
Days on Market40
Property Features for 155-157 MAPLE GROVE WAY
General Information
Standard status
Active
Size
2,164 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1976
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Century 21 Peak, Marking & Associates
(573) 489-8808
Listed By:
Susan Reeves · License #2018022272
(573) 489-8808
Source:
Columbiaathome
Added: Jul 22
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 Century 21 Peak, Marking & Associates
Investment Insights
Based on property information with market context.
This side-by-side duplex in Columbia, Missouri, contains 2,164 square feet and was built in 1976. Both units share the same practical one-level configuration, with 3 bedrooms and 1.5 bathrooms per side. The layout avoids stairs and supports straightforward ongoing maintenance.
The property is located in the Cedar Lake subdivision at 155-157 Maple Grove Way. Both units are leased through June of 2027, providing established occupancy. A new roof was installed in June 2026, adding a recent capital improvement to the building’s physical profile.
The property is located in the Cedar Lake subdivision at 155-157 Maple Grove Way. Both units are leased through June of 2027, providing established occupancy. A new roof was installed in June 2026, adding a recent capital improvement to the building’s physical profile.
Key Highlights
- Side‑by‑side duplex at 155‑157 Maple Grove Way, Columbia, MO 65203
- 2,164 square feet of total property size
- Both units leased through June of 2027
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
$17,846
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
6.15%
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%
$356,920
$356.9K
Cap Rate 7%
$254,943
$254.9K
Cap Rate 9%
$198,289
$198.3K
Market Conditions
NOI Build-Up for 2,164 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
$27.3K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$25.5K $11.78/SF
− OpEx
−$7.6K −$3.53/SF
NOI
$17.8K $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 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%
$356,920
Cap Rate 7%
$254,943
Cap Rate 9%
$198,289
Alternative Uses
Best Use
Multifamily LT 5
$254.9K
$223.1K – $297.4K
NOI $17,846 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 5.77%
Theoretical Best
Warehouse
$335.5K
$293.6K – $391.4K
NOI $23,485 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
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
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 - Fully leased two-unit property with matching three-bedroom layouts and convenient single-level living.
Where is this duplex located?
The property is located at 155-157 MAPLE GROVE WAY Columbia, MO.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Side‑by‑side duplex at 155‑157 Maple Grove Way, Columbia, MO 65203; 2,164 square feet of total property size; Both units leased through June of 2027
