Walkout Duplex with Greenway
For Sale
$445,000
2781 S Meadowlark Ave, Springfield, MO 65807
Each residence has its own attached garage and multiple living areas.
Property Size3,913 SF
Price / SF$113.72
Days on Market18
Property Features for 2781 S Meadowlark Ave
General Information
Standard status
Active
Size
3,913 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Site & Location
Neighborhood
Zone 3
Units
Unit Mix
1 x 2BR/3BA, 1 x 2BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
gas fireplace
back deck
Building Details
Year Built
2001
Buildings
1
Listing Agency:
ReeceNichols - Springfield
Listed By:
Hieu Dang
(417) 419-6488
Source:
Trilakeshomesearch
Added: Oct 14
Changed: Oct 31
Last Checked: Oct 30 at 2:49PM
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 ReeceNichols - Springfield
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Investment Insights
Based on property information with market context.
This 2001 duplex contains 3,913 square feet across two residences, each with two bedrooms and an attached two-car garage. Both units offer two living areas. The first includes three full bathrooms and two gas fireplaces; the second has two full bathrooms and a half bath. Finished walkout basement areas and a back deck add to the property’s indoor and outdoor spaces.
The backyard overlooks South Creek Greenway Trail and South Creek. Improvements include a roof that is 4 years old, updated HVAC and water heater, and a new AC unit. The second residence has vinyl plank flooring, while the first has new carpet and an added bedroom closet.
The backyard overlooks South Creek Greenway Trail and South Creek. Improvements include a roof that is 4 years old, updated HVAC and water heater, and a new AC unit. The second residence has vinyl plank flooring, while the first has new carpet and an added bedroom closet.
Key Highlights
- 3,913 square feet in a two‑unit duplex built in 2001
- Two bedrooms in each unit; 5 full bathrooms and 1 half bath total
- Each residence has an attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,467
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,340
$709.3K
Cap Rate 7%
$506,671
$506.7K
Cap Rate 9%
$394,078
$394.1K
Market Conditions
NOI Build-Up for 3,913 SF
Gross rent
$54.0K $13.80/SF
− Vacancy
−$3.3K −$0.85/SF
EGI
$50.7K $12.95/SF
− OpEx
−$15.2K −$3.88/SF
NOI
$35.5K $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%
$709,340
Cap Rate 7%
$506,671
Cap Rate 9%
$394,078
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$451.9K
$395.4K – $527.2K
NOI $31,633 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$590.6K
$516.8K – $689.0K
NOI $41,342 @ 7.0% cap · market cap 9.29%
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
105
Businesses Nearby
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Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
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 - Each residence has its own attached garage and multiple living areas.
Where is this duplex located?
The property is located at 2781 S Meadowlark Ave Springfield, MO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 3,913 square feet in a two‑unit duplex built in 2001; Two bedrooms in each unit; 5 full bathrooms and 1 half bath total; Each residence has an attached 2‑car garage
