Four-Duplex Multifamily
2118 N Jefferson Ave, Springfield, MO 65803
For Sale
$745,000
Newer-construction duplexes feature updated building systems, separate utility metering, and on-site parking.
Property Size5,760 SF
Price / SF$129.34
Days on Market58
Property Features for 2118 N Jefferson Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Roger Kure
(417) 343-0576
Source:
Exprealty
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 6 at 11:11AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises 4 duplexes on a single parcel with 5,760 square feet of building area. The newer construction includes copper water supply lines, PVC sewage lines, updated windows and siding, and numerous newer HVAC and water heater units. Brand-new roofs, fascia, soffit, and guttering further reduce near-term exterior maintenance needs.
Two parking lots serve the property from the south and west sides. Each unit includes a refrigerator, microwave, oven, dishwasher, and laundry hookups. Water, gas, and electric service are individually metered for every unit and paid by the tenants, while the landlord provides lawn service. The property is located at 2118 N Jefferson Ave in Springfield, MO.
Two parking lots serve the property from the south and west sides. Each unit includes a refrigerator, microwave, oven, dishwasher, and laundry hookups. Water, gas, and electric service are individually metered for every unit and paid by the tenants, while the landlord provides lawn service. The property is located at 2118 N Jefferson Ave in Springfield, MO.
Key Highlights
- 4 duplexes on one parcel with 5,760 square feet of building area
- Brand‑new roofs, fascia, soffit, and guttering
- Copper water supply lines and PVC sewage lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,209
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,180
$1.0M
Cap Rate 7%
$745,843
$745.8K
Cap Rate 9%
$580,100
$580.1K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$79.5K $13.80/SF
− Vacancy
−$4.9K −$0.85/SF
EGI
$74.6K $12.95/SF
− OpEx
−$22.4K −$3.88/SF
NOI
$52.2K $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%
$1,044,180
Cap Rate 7%
$745,843
Cap Rate 9%
$580,100
Alternative Uses
Best Use
Multifamily LT 5
$745.8K
$652.6K – $870.2K
NOI $52,209 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$665.2K
$582.1K – $776.1K
NOI $46,564 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$869.4K
$760.7K – $1.01M
NOI $60,856 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Springfield, MO
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Newer-construction duplexes feature updated building systems, separate utility metering, and on-site parking.
Where is this duplex located?
The property is located at 2118 N Jefferson Ave Springfield, MO.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 4 duplexes on one parcel with 5,760 square feet of building area; Brand‑new roofs, fascia, soffit, and guttering; Copper water supply lines and PVC sewage lines
