Duplex Townhome with Bonus
For Sale
$255,000
2206 Benjamin Drive, Carthage, MO 64836
TOWNHOME - Carthage, MO
Property Size2,120 SF
Lot Size0.10 Acres
Price / SF$120.28
Days on Market213
Property Features for 2206 Benjamin Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bonus Room, Laundry Room, Bathroom 2, Game Room, Bedroom 2, Bathroom 3
Parking features
Driveway, Garage
Patio and Porch features
Porch, Patio
Interior features
W/D Hookup, In-Law Floorplan, Walk-In Closet(s)
Appliances
Dishwasher, Free-Standing Electric Oven, Microwave, Refrigerator
Lot features
Curbs, Level, Paved Frontage
Elementary school
Steadley
Middle school
Carthage
High school
Carthage
Directions
From the intersection of Fairview Avenue and Grand Avenue, travel South on Grand Ave to Elk. East on Elk Avenue to Benjamin. South on Benjamin, house on East side of street.
Standard status
Active
APN
14501520007003000
Size
2,120 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1607
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
covered back patio
Building Details
Year built
2003
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Brick, Vinyl Siding
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Added: Jan 22
Changed: Aug 5
Last Checked: Aug 23 at 3:06AM
MLS# 60313958
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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.
Duplex townhome built in 2003 offering three bedrooms and three full bathrooms, plus a bonus room that could function as a fourth bedroom. The home is set up for flexible living with an in-law floorplan, including an interior layout that features a walk-in closet(s) and a laundry room with W/D hookup. Central heat and central air support year-round comfort.
Exterior features include brick and vinyl siding, a garage and driveway, and a porch with a covered back patio. The home includes tile and carpet flooring, public sewer service, and appliances such as a dishwasher, free-standing electric oven, microwave, and refrigerator.
Located in Carthage, MO (Jasper County) with convenience to shopping, medical services, and interstate access.
Exterior features include brick and vinyl siding, a garage and driveway, and a porch with a covered back patio. The home includes tile and carpet flooring, public sewer service, and appliances such as a dishwasher, free-standing electric oven, microwave, and refrigerator.
Located in Carthage, MO (Jasper County) with convenience to shopping, medical services, and interstate access.
Key Highlights
- 3 bedroom and 3 full bath duplex townhome with bonus room that could be 4th bedroom
- In‑law floorplan and walk‑in closet(s) plus laundry room with W/D hookup
- Covered back patio with porch, brick and vinyl siding exterior
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
$18,100
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
7.10%
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%
$362,000
$362.0K
Cap Rate 7%
$258,571
$258.6K
Cap Rate 9%
$201,111
$201.1K
Market Conditions
NOI Build-Up for 2,120 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
$28.0K $13.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$25.9K $12.20/SF
− OpEx
−$7.8K −$3.66/SF
NOI
$18.1K $8.54/SF
Area
Jasper County, MO
Vacancy
7.60%
Lease Rate
$13.20 /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%
$362,000
Cap Rate 7%
$258,571
Cap Rate 9%
$201,111
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.3K – $301.7K
NOI $18,100 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,734 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$639.6K
$559.7K – $746.2K
NOI $44,774 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
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 - Three-bedroom duplex townhome with an in-law floorplan, bonus room, covered patio, and central HVAC.
Where is this duplex located?
The property is located at 2206 Benjamin Drive Carthage, MO.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 3 bedroom and 3 full bath duplex townhome with bonus room that could be 4th bedroom; In‑law floorplan and walk‑in closet(s) plus laundry room with W/D hookup; Covered back patio with porch, brick and vinyl siding exterior
