Duplex with Updated
320 E Pacific Street, Springfield, MO 65803
For Sale
New
$174,000
Residential Income, Springfield, MO
Property Size1,333 SF
Lot Size0.09 Acres
Price / SF$130.53
Days on Market1
Property Features for 320 E Pacific Street
General Information
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Building Details
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Number of units
Building materials
Buildings
Listing Agency:
Alpha Realty MO, LLC
(417) 719-1560
Listed By:
Nathan Keene
(417) 551-2287
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 60338408
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.
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Investment Insights
Based on property information with market context.
This 1,333-square-foot duplex contains two one-bedroom, one-bathroom units on a 0.09-acre lot. Interior work includes updated kitchens with new cabinets, a mix of new flooring and refinished hardwood, and fresh paint. The property also has a new roof, vinyl siding, window-unit cooling, washer and dryer hookups, a range, and a refrigerator. Built in 1911, it is zoned Center City, and both units are vacant.
Commercial Street is within walking distance, with local businesses, restaurants, coffee shops, and creative spaces in the surrounding historic district.
Commercial Street is within walking distance, with local businesses, restaurants, coffee shops, and creative spaces in the surrounding historic district.
Key Highlights
- Two one‑bedroom, one‑bathroom units; both are vacant
- 1,333 square feet on a 0.09‑acre lot
- Updated kitchens with new cabinets; range and refrigerator included
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
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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
$158,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Springfield, MO
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant one-bedroom residences include refreshed kitchens and individual bathrooms.
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 one‑bedroom, one‑bathroom units; both are vacant; 1,333 square feet on a 0.09‑acre lot; Updated kitchens with new cabinets; range and refrigerator included
