Brick Duplex with New Garage
New
For Sale
$250,000
2751 E Mcdaniel Street, Springfield, MO 65802
Residential Income, Springfield, MO
Property Size1,828 SF
Lot Size0.18 Acres
Price / SF$136.76
Days on Market6
Property Features for 2751 E Mcdaniel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Interior features
Apply To All Units, Washer/Dryer Hookup, Carpet
Appliances
Range, Disposal, Dishwasher, Refrigerator, Microwave
Subdivision
Glenwood Square
View
City
Elementary school
SGF-Bingham
Middle school
SGF-Hickory Hills
High school
SGF-Glendale
Directions
From Highway 65 and Chestnut Expressway go west on Chestnut Expressway to light at Ceadarbrook Ave. Turn left , on Ceadarbrook go to first st on right McDaniel St. turn right. Sign and duplexes on the Right2751 E McDaniel A&B2747 E McDaniel A&B
Standard status
Active
APN
1221205138
Size
1,828 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Glenwood Square 1st Addition Lot 8
Tax Annual Amount
1203
Legal Description
Glenwood Square 1st Addition Lot 8
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air, Ceiling Fan(s), Attic Fan
Building Details
Year built
1985
Number of units
2
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Maples Properties, LLC
(417) 883-9100
Listed By:
Becky S Bergmann · License #SA00097534
(417) 849-6790
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 26 at 1:06AM
MLS# 60334614
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.
This 1,828-square-foot duplex sits on a 0.18-acre parcel and was built in 1985. The all-brick property contains two vacant units with a combined four bedrooms and two bathrooms. Each unit includes a range, disposal, dishwasher, refrigerator, and microwave; Unit A also has a washer and dryer. Forced-air heating, central air, attic fans, ceiling fans, asphalt roofing, and carpeted interiors are included. New garage doors, aluminum guttering, and soffits add to the property’s physical improvements.
The crawlspace has been encapsulated with new sump pumps and dehumidifiers, with a warranty in place. Water is available to the property, and public sewer serves the duplex. The property is zoned INC and located at 2751 E Mcdaniel Street in Springfield, Missouri. A second duplex at 2747 E Mcdaniel Street is also available, offering a nearby four-unit acquisition option when combined.
The crawlspace has been encapsulated with new sump pumps and dehumidifiers, with a warranty in place. Water is available to the property, and public sewer serves the duplex. The property is zoned INC and located at 2751 E Mcdaniel Street in Springfield, Missouri. A second duplex at 2747 E Mcdaniel Street is also available, offering a nearby four-unit acquisition option when combined.
Key Highlights
- 1,828‑square‑foot duplex on a 0.18‑acre parcel
- Two vacant units with four bedrooms and two bathrooms combined
- All‑brick construction with new garage doors, aluminum guttering, and soffits
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
$16,569
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
6.63%
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%
$331,380
$331.4K
Cap Rate 7%
$236,700
$236.7K
Cap Rate 9%
$184,100
$184.1K
Market Conditions
NOI Build-Up for 1,828 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
$25.2K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$23.7K $12.95/SF
− OpEx
−$7.1K −$3.88/SF
NOI
$16.6K $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 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%
$331,380
Cap Rate 7%
$236,700
Cap Rate 9%
$184,100
Alternative Uses
Best Use
Multifamily LT 5
$236.7K
$207.1K – $276.2K
NOI $16,569 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$211.1K
$184.7K – $246.3K
NOI $14,778 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$275.9K
$241.4K – $321.9K
NOI $19,313 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant two-unit property with appliances, central systems, and a completed crawlspace moisture-control upgrade.
Where is this duplex located?
The property is located at 2751 E Mcdaniel Street Springfield, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,828‑square‑foot duplex on a 0.18‑acre parcel; Two vacant units with four bedrooms and two bathrooms combined; All‑brick construction with new garage doors, aluminum guttering, and soffits
