Duplex with Geothermal
For Sale
$598,500
1905 S Ventura Ave, Springfield, MO 65804
Both residences offer private outdoor areas, including a pergola patio and an enclosed porch.
Property Size3,248 SF
Price / SF$184.27
Days on Market15
Property Features for 1905 S Ventura Ave
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
hardwood floors
fireplace
built-in bookshelves
modern appliances
concrete countertops
pergola patio
enclosed porch
geo-thermal heating and cooling
landscaping
mowing service
Listing Agency:
Landmark Brokers
Listed By:
Brandi N Morris
(417) 827-8314
Source:
Exprealty
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 1:58AM
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 Landmark Brokers
Investment Insights
Based on property information with market context.
This 3,248-square-foot duplex contains two residences, each with 2 bedrooms and 1.5 bathrooms. Interior features include hardwood floors, a floor-to-ceiling fireplace with built-in bookshelves, and a kitchen equipped with modern appliances and concrete countertops. Each unit also has geothermal heating and cooling.
Outdoor amenities include a pergola patio, an enclosed porch, and landscaping with 90 Emerald Green Arbor Vitae trees. The property is at 1905 S Ventura Ave in Springfield, with access to I-65.
Outdoor amenities include a pergola patio, an enclosed porch, and landscaping with 90 Emerald Green Arbor Vitae trees. The property is at 1905 S Ventura Ave in Springfield, with access to I-65.
Key Highlights
- 3,248‑square‑foot duplex with two 2‑bedroom, 1.5‑bath residences
- Geothermal heating and cooling in both units
- Pergola patio and enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,440
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,800
$588.8K
Cap Rate 7%
$420,571
$420.6K
Cap Rate 9%
$327,111
$327.1K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$44.8K $13.80/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$42.1K $12.95/SF
− OpEx
−$12.6K −$3.88/SF
NOI
$29.4K $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%
$588,800
Cap Rate 7%
$420,571
Cap Rate 9%
$327,111
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,440 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$375.1K
$328.2K – $437.6K
NOI $26,257 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$490.2K
$429.0K – $571.9K
NOI $34,316 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer private outdoor areas, including a pergola patio and an enclosed porch.
Where is this duplex located?
The property is located at 1905 S Ventura Ave Springfield, MO.
What is the asking price?
The asking price for this property is $598,500.
What are key features of this property?
This property features: 3,248‑square‑foot duplex with two 2‑bedroom, 1.5‑bath residences; Geothermal heating and cooling in both units; Pergola patio and enclosed porch
