Duplex with Updated
New
For Sale
$174,000
320 E Pacific Street, Springfield, MO 65803
Residential, Springfield, MO
Property Size1,333 SF
Lot Size0.09 Acres
Price / SF$130.53
Days on Market2
Property Features for 320 E Pacific Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Living Room, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Driveway
Window features
Double Pane Windows
Patio and Porch features
Porch
Interior features
High Ceilings
Fencing
Chain Link
Appliances
Dishwasher, Free-Standing Gas Oven, Refrigerator
Subdivision
Greene-Not in List
Lot features
Corner Lot
View
City
Elementary school
SGF-Boyd
Middle school
SGF-Pipkin
High school
SGF-Central
Directions
Off Hwy 65, take Kearney to Glenstone and head S, E on Commercial, then S on Benton. Turn E on Pacific.
Standard status
Active
APN
1312320014
Size
1,333 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
North Springfield O P W 50 Ft N 16 Ft Lot 2 & W 50 Ft Lot 1 Blk 17
Tax Annual Amount
605
Legal Description
North Springfield O P W 50 Ft N 16 Ft Lot 2 & W 50 Ft Lot 1 Blk 17
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1911
Floors in Building
1
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding
Listing Agency:
Alpha Realty MO, LLC
(417) 719-1560
Listed By:
Nathan Keene
(417) 551-2287
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 11 at 6:06PM
MLS# 60336042
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.
Built in 1911, this 1,333-square-foot duplex contains two apartments, each with one bedroom and one bathroom. Interior work includes refreshed kitchens with new cabinetry and appliances, a mix of newer flooring and refinished hardwood, fresh paint, and a replacement roof. High ceilings, vinyl siding, baseboard heat, and window-unit cooling are also part of the property. A driveway and porch provide additional exterior features.
The property occupies a 0.09-acre lot a short walk from Commercial Street in Springfield. The nearby corridor includes restaurants, coffee shops, local businesses, and creative spaces. Center City zoning applies. Both apartments are vacant.
The property occupies a 0.09-acre lot a short walk from Commercial Street in Springfield. The nearby corridor includes restaurants, coffee shops, local businesses, and creative spaces. Center City zoning applies. Both apartments are vacant.
Key Highlights
- Two apartments, each with one bedroom and one bathroom
- 1,333 square feet on a 0.09‑acre lot
- Updated kitchens, new cabinetry and appliances, and a mix of newer flooring and refinished hardwood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,082
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,640
$241.6K
Cap Rate 7%
$172,600
$172.6K
Cap Rate 9%
$134,244
$134.2K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$18.4K $13.80/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$17.3K $12.95/SF
− OpEx
−$5.2K −$3.88/SF
NOI
$12.1K $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%
$241,640
Cap Rate 7%
$172,600
Cap Rate 9%
$134,244
Alternative Uses
Best Use
Multifamily LT 5
$172.6K
$151.0K – $201.4K
NOI $12,082 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,776 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$201.2K
$176.1K – $234.7K
NOI $14,084 @ 7.0% cap · market cap 8.09%
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
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
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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 - Two vacant one-bedroom apartments are configured for separate occupancy within a Center City-zoned property.
Where is this duplex located?
The property is located at 320 E Pacific Street Springfield, MO.
What is the asking price?
The asking price for this property is $174,000.
What are key features of this property?
This property features: Two apartments, each with one bedroom and one bathroom; 1,333 square feet on a 0.09‑acre lot; Updated kitchens, new cabinetry and appliances, and a mix of newer flooring and refinished hardwood
