Brick Ranch Home with
194 State Hwy MM Marshfield, MO 65706
For Sale
$329,900
COMMERCIAL - MO
Property Size2,300 SF
Lot Size3.10 Acres
Price / SF$143.43
Days on Market58
Property Features for 194 State Hwy MM
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Bathrooms
2
Rooms
Bedroom 7, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1
Standard status
Active
APN
083007000000006000
Size
2,300 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
This land is 3.2 acres
Tax Annual Amount
1012
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1988
Number of units
1
Building materials
Brick
Listing Agency:
Keller Williams Local
(417) 883-4900
Listed By:
MARK KARL BROWN · License #2025014969
(417) 350-5218
Added: Jun 1
Changed: Jul 12
Last Checked: Jul 28 at 6:06AM
MLS# 3587794
Copyright © 2026 Bagnell Dam Association of Realtors. 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 mostly all-brick ranch home offers a spacious interior configured with 7 bedrooms and 2 full bathrooms. Both bathrooms include walk-in showers, single vanities, and linen closets. The layout includes a kitchen with a bar top, dining space, a small pantry/storage room, and a large living room. A partially covered front patio provides outdoor living space for day-to-day use.
The property sits on approximately 3.1 acres in Laclede County, Missouri, at 194 State Hwy MM in Niangua (65706). The lot size provides room for privacy and flexibility for household or housing uses.
As currently arranged, the home can accommodate a large household. The seller also notes it could be converted into fewer rooms with additional living space, which may appeal to buyers looking to reconfigure the layout after closing. For those considering multi-family living, the existing bedroom and bathroom setup provides a starting point for redesigning the home to fit a different occupancy plan, subject to the buyer’s intended configuration and any required approvals.
The property sits on approximately 3.1 acres in Laclede County, Missouri, at 194 State Hwy MM in Niangua (65706). The lot size provides room for privacy and flexibility for household or housing uses.
As currently arranged, the home can accommodate a large household. The seller also notes it could be converted into fewer rooms with additional living space, which may appeal to buyers looking to reconfigure the layout after closing. For those considering multi-family living, the existing bedroom and bathroom setup provides a starting point for redesigning the home to fit a different occupancy plan, subject to the buyer’s intended configuration and any required approvals.
Key Highlights
- Mostly all‑brick ranch home built in 1988 on 3 acres
- Currently set up with 7 bedrooms and 2 full bathrooms
- Both bathrooms feature walk‑in showers, single vanities, and linen closets
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $15.72 |
| − Vacancy | −$2.4k | −$1.02 |
| EGI | $33.8k | $14.70 |
| − OpEx | −$15.2k | −$6.61 |
| NOI | $18.6k | $8.08 |
2,300 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,593 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Mostly all-brick ranch with seven bedrooms, two walk-in shower baths, and a partially covered front patio on 3.1 acres.
Where is this single family property located?
The property is located at 194 State Hwy MM Marshfield, MO.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Mostly all‑brick ranch home built in 1988 on 3 acres; Currently set up with 7 bedrooms and 2 full bathrooms; Both bathrooms feature walk‑in showers, single vanities, and linen closets
