Updated Patio-Style Duplex
For Sale
$230,000
3150 S Sagamont Ave Unit 121, Springfield, MO 65807
Two-bedroom half duplex with renovated interiors, private outdoor space, and an attached garage.
Property Size1,119 SF
Price / SF$205.54
Days on Market33
Property Features for 3150 S Sagamont Ave Unit 121
General Information
Standard status
Active
Size
1,119 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1991
Listing Agency:
Keller Williams Tri-Lakes
Listed By:
Shannon Hines
(661) 623-7688
Source:
Trilakeshomesearch
Added: Aug 13
Changed: Sep 13
Last Checked: Sep 14 at 11:54AM
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 Keller Williams Tri-Lakes
Investment Insights
Based on property information with market context.
This patio-style half duplex offers 1,119 square feet with a vaulted living room, two bedrooms, a flex room, and an attached two-car garage. Interior improvements include new LVP and tile flooring, updated fixtures, painted kitchen cabinetry, quartz countertops, a black subway-tile backsplash, and a farmhouse sink. The primary suite includes two closets and an updated bathroom with a walk-in shower, while the hall bathroom has a tub-shower combination and refreshed finishes. A programmable thermostat and additional updates completed within the last four years add to the current configuration.
A new Pella slider connects the living area to a privacy-fenced yard with stone pavers and two pergolas, one wood and one metal, equipped with lights and a fan. The laundry room provides access to the garage, which includes a ramp for walk-in entry. The property is near shopping and dining in Springfield.
A new Pella slider connects the living area to a privacy-fenced yard with stone pavers and two pergolas, one wood and one metal, equipped with lights and a fan. The laundry room provides access to the garage, which includes a ramp for walk-in entry. The property is near shopping and dining in Springfield.
Key Highlights
- 1,119 SF patio‑style half duplex built in 1991
- Two‑car garage with ramp for walk‑in access
- Vaulted living room and flex room off the kitchen
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
$9,046
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
3.93%
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%
$180,920
$180.9K
Cap Rate 7%
$129,229
$129.2K
Cap Rate 9%
$100,511
$100.5K
Market Conditions
NOI Build-Up for 1,119 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
$17.6K $15.72/SF
− Vacancy
−$1.1K −$1.02/SF
EGI
$16.4K $14.70/SF
− OpEx
−$7.4K −$6.61/SF
NOI
$9.0K $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%
$180,920
Cap Rate 7%
$129,229
Cap Rate 9%
$100,511
Alternative Uses
Best Use
Apartment 5plus
$129.2K
$113.1K – $150.8K
NOI $9,046 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$168.9K
$147.8K – $197.1K
NOI $11,823 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom half duplex with renovated interiors, private outdoor space, and an attached garage.
Where is this residential income property located?
The property is located at 3150 S Sagamont Ave Unit 121 Springfield, MO.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,119 SF patio‑style half duplex built in 1991; Two‑car garage with ramp for walk‑in access; Vaulted living room and flex room off the kitchen
