Two-Unit
For Sale
$254,900
1738-1742 S Montebello Avenue, Springfield, MO 65807
Two residences offer a three-bedroom layout alongside a separate one-bedroom unit.
Property Size1,841 SF
Price / SF$138.46
Days on Market15
Property Features for 1738-1742 S Montebello Avenue
General Information
Standard status
Active
Size
1,841 SF
Property subtype
Residential Income
Zoning
INC
Site & Location
Neighborhood
Fassnight
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,188
Building Details
Building Size
1,841 SF
Year Built
1954
Units
2
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Langston Group · License #2017005672
(417) 280-6661
Source:
Grassmuckrealty
Added: Oct 17
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
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 Murney Associates - Primrose
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,841-square-foot duplex, built in 1954, contains two separate residences: one with 3 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. The property is zoned INC.
At 1738-1742 S Montebello Avenue in Springfield, the duplex is around the corner from Bass Pro Shops and minutes from shopping, dining, entertainment, and major thoroughfares.
At 1738-1742 S Montebello Avenue in Springfield, the duplex is around the corner from Bass Pro Shops and minutes from shopping, dining, entertainment, and major thoroughfares.
Key Highlights
- Two units: one with 3 bedrooms and 2 bathrooms, and one with 1 bedroom and 1 bathroom
- 1,841 square feet
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,687
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,740
$333.7K
Cap Rate 7%
$238,386
$238.4K
Cap Rate 9%
$185,411
$185.4K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$25.4K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$23.8K $12.95/SF
− OpEx
−$7.2K −$3.88/SF
NOI
$16.7K $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%
$333,740
Cap Rate 7%
$238,386
Cap Rate 9%
$185,411
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.1K
NOI $16,687 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.1K
NOI $14,883 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$277.9K
$243.1K – $324.2K
NOI $19,451 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a three-bedroom layout alongside a separate one-bedroom unit.
Where is this duplex located?
The property is located at 1738-1742 S Montebello Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 2 bathrooms, and one with 1 bedroom and 1 bathroom; 1,841 square feet; Built in 1954
