10-Unit Apartment Building with
For Sale
$1,299,900
Pending
311 S Hampton Avenue, Springfield, MO 65806
MULTI_FAMILY - Springfield, MO
Property Size9,162 SF
Lot Size0.59 Acres
Days on Market64
Property Features for 311 S Hampton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INC
Bedrooms
20
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 17, Bedroom 5, Bedroom 16, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 8, Bedroom 9, Bedroom 19, Bedroom 11, Bedroom 1, Bathroom 2, Bedroom 10, Bedroom 6, Bedroom 13, Bedroom 18, Bedroom 7, Bedroom 15, Bedroom 12, Bathroom 1, Bedroom 20, Bedroom 14
Parking features
On Street
Interior features
Apply To All Units, Washer/Dryer Hookup
Exterior features
Balcony
Appliances
Range, Refrigerator
View
City
Elementary school
SGF-Rountree
Middle school
SGF-Jarrett
High school
SGF-Parkview
Directions
From East Walnut St head North on S Hampton. Property will be on west side of the st
Standard status
Pending
APN
1324113119
Size
9,162 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
0.59A M/L Beg 200 Ft N Nw Cor Walnut & Hampton Sts N 168 Ft W 153 Ft S 113 Ft E 3 Ft S 55 Ft W 150 Ft To Beg 24/29/22
Tax Annual Amount
1259
Legal Description
0.59A M/L Beg 200 Ft N Nw Cor Walnut & Hampton Sts N 168 Ft W 153 Ft S 113 Ft E 3 Ft S 55 Ft W 150 Ft To Beg 24/29/22
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2015
Number of units
10
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Gideon Valley Real Estate · License #2015006628
(417) 812-1384
Added: Jun 10
Changed: Aug 2
Last Checked: Aug 12 at 2:06AM
MLS# 60325971
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 10-unit apartment building was built in 2015 and designed as a contemporary, multi-family community. Each unit is configured with two bedrooms and two bathrooms, and includes a washer/dryer hookup. Interior amenities also feature an overall “apply to all units” convenience, along with in-unit appliances including a range and refrigerator. The exterior includes balcony space, with vinyl siding and a composition roof, supported by central heating and central air throughout.
The property sits on a 0.59-acre lot and is served by public sewer and water available. Parking is provided via on-street parking. Zoning is listed as INC, and construction is identified as vinyl siding.
The building totals 9,162 square feet, making it well-suited for a multifamily ownership position where consistent unit layouts and functional in-unit hookups are important.
The property sits on a 0.59-acre lot and is served by public sewer and water available. Parking is provided via on-street parking. Zoning is listed as INC, and construction is identified as vinyl siding.
The building totals 9,162 square feet, making it well-suited for a multifamily ownership position where consistent unit layouts and functional in-unit hookups are important.
Key Highlights
- 10‑unit apartment building built in 2015
- Each unit offers 2 bedrooms and 2 bathrooms
- Balconies plus vinyl siding and a composition roof
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
$74,066
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
5.70%
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%
$1,481,320
$1.5M
Cap Rate 7%
$1,058,086
$1.1M
Cap Rate 9%
$822,956
$823.0K
Market Conditions
NOI Build-Up for 9,162 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
$144.0K $15.72/SF
− Vacancy
−$9.4K −$1.02/SF
EGI
$134.7K $14.70/SF
− OpEx
−$60.6K −$6.61/SF
NOI
$74.1K $8.08/SF
Area
Springfield, MO
Vacancy
6.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$1,481,320
Cap Rate 7%
$1,058,086
Cap Rate 9%
$822,956
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$925.8K – $1.23M
NOI $74,066 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,799 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
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?
Apartment building - Built in 2015, this 10-unit apartment building offers 2 bed, 2 bath units with central HVAC and balcony features.
Where is this apartment building located?
The property is located at 311 S Hampton Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 10‑unit apartment building built in 2015; Each unit offers 2 bedrooms and 2 bathrooms; Balconies plus vinyl siding and a composition roof
