Occupied 2-Unit
New
For Sale
$225,000
2511 S Ingram Mill Road, Springfield, MO 65804
Residential Income, Springfield, MO
Property Size1,824 SF
Lot Size0.24 Acres
Price / SF$123.36
Days on Market3
Property Features for 2511 S Ingram Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Subdivision
Cambridge Terr
Elementary school
SGF-Wilder
Middle school
SGF-Pershing
High school
SGF-Glendale
Directions
Traveling northbound on highway 65 take the exit on to Battlefield Rd, head west and take a right onto Ingram Mill road. Travel north past the high school duplex will be on the left.
Standard status
Active
APN
1233412025
Size
1,824 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Cambridge Terrace No 2 Second Amended Lot 13 Blk F
Tax Annual Amount
1680
HOA Fee
$1,824 Annually
Legal Description
Cambridge Terrace No 2 Second Amended Lot 13 Blk F
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1970
Number of units
2
Listing Agency:
Home Sweet Home Realty & Associates, LLC
(417) 221-6466
Listed By:
Renea Frizzell
(417) 773-6063
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 11:06AM
MLS# 60336672
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.
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Investment Insights
Based on property information with market context.
Built in 1970, this duplex contains 1,824 square feet across two residences. Each unit has two bedrooms and one-and-a-half bathrooms, and both are currently rented. The property sits on a 0.24-acre lot and is zoned INC.
Central heating and central air serve the building, with public sewer available.
Central heating and central air serve the building, with public sewer available.
Key Highlights
- Two rented units, each with 2 bedrooms and 1.5 baths
- 1,824 square feet on a 0.24‑acre lot
- INC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,533
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,660
$330.7K
Cap Rate 7%
$236,186
$236.2K
Cap Rate 9%
$183,700
$183.7K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$23.6K $12.95/SF
− OpEx
−$7.1K −$3.88/SF
NOI
$16.5K $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%
$330,660
Cap Rate 7%
$236,186
Cap Rate 9%
$183,700
Alternative Uses
Best Use
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,533 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$210.6K
$184.3K – $245.8K
NOI $14,745 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$275.3K
$240.9K – $321.2K
NOI $19,271 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with each offering a two-bedroom layout and one-and-a-half baths.
Where is this duplex located?
The property is located at 2511 S Ingram Mill Road Springfield, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two rented units, each with 2 bedrooms and 1.5 baths; 1,824 square feet on a 0.24‑acre lot; INC zoning
