Ranch Duplex with Private
For Sale
$385,000
Pending
4044 4046 S Miranda Court, Springfield, MO 65807
DUPLEX - Ranch - Springfield, MO
Property Size2,970 SF
Lot Size0.24 Acres
Days on Market65
Property Features for 4044 4046 S Miranda Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Master Bedroom, Bathroom 3, Bedroom 1
Parking features
Open, Garage
Window features
Blinds, Storm Window(s)
Patio and Porch features
Patio
Interior features
Walk-in Shower, W/D Hookup
Exterior features
Rain Gutters
Fencing
Privacy
Appliances
Electric Cooktop, Gas Water Heater, Disposal, Dishwasher
Subdivision
Park Crest
Lot features
Curbs, Cul-De-Sac
Elementary school
SGF-Horace Mann
Middle school
SGF-Carver
High school
SGF-Kickapoo
Directions
South Campbell, West on Republic Road, North on Park Crest, West on Kingsley, North on Miranda Court.
Standard status
Pending
APN
1811310032
Size
2,970 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Parkcrest Heights Lot 69
Tax Annual Amount
2476
Legal Description
Parkcrest Heights Lot 69
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Amenities
private patio
fenced backyard
Building Details
Year built
1993
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
Brick, Metal Siding
Roof type
Composition
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
ReeceNichols -Kimberling City
(417) 272-5253
Listed By:
Karen Nichols · License #2021010478
(501) 514-4336
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 22 at 4:06AM
MLS# 60326848
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 ranch-style duplex offers two spacious units, each with approximately 1,485 square feet of living space. Each unit includes 2 bedrooms, 2 full bathrooms, and an attached 2-car garage. Interior features include walk-in shower and W/D hookup, with central heating and cooling provided by ceiling fan(s). The homes have tile and carpet flooring, and the kitchen appliances include an electric cooktop, dishwasher, disposal, and a gas water heater. Exterior features include brick construction with metal siding, rain gutters, a patio, and privacy fencing.
The property sits on a 0.24-acre lot and was built in 1993, with composition roofing and public sewer service. Parking includes open parking and the attached garage.
Overall, the configuration supports an owner-occupant or rental setup with a private outdoor area and separate residential layouts on a quiet cul-de-sac location.
The property sits on a 0.24-acre lot and was built in 1993, with composition roofing and public sewer service. Parking includes open parking and the attached garage.
Overall, the configuration supports an owner-occupant or rental setup with a private outdoor area and separate residential layouts on a quiet cul-de-sac location.
Key Highlights
- 0.24‑acre lot with ranch duplex built in 1993
- Two units; each unit has approx 1,485 SF with 2 bedrooms and 2 full baths
- Attached 2‑car garage for each unit plus open parking
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
$26,920
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
6.99%
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%
$538,400
$538.4K
Cap Rate 7%
$384,571
$384.6K
Cap Rate 9%
$299,111
$299.1K
Market Conditions
NOI Build-Up for 2,970 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
$41.0K $13.80/SF
− Vacancy
−$2.5K −$0.85/SF
EGI
$38.5K $12.95/SF
− OpEx
−$11.5K −$3.88/SF
NOI
$26.9K $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 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%
$538,400
Cap Rate 7%
$384,571
Cap Rate 9%
$299,111
Alternative Uses
Best Use
Multifamily LT 5
$384.6K
$336.5K – $448.7K
NOI $26,920 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$343.0K
$300.1K – $400.2K
NOI $24,010 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$448.3K
$392.2K – $523.0K
NOI $31,379 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
467
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick ranch duplex with attached garages, private patio, and fenced backyard, each unit featuring 2 bedrooms and 2 full baths.
Where is this duplex located?
The property is located at 4044 4046 S Miranda Court Springfield, MO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 0.24‑acre lot with ranch duplex built in 1993; Two units; each unit has approx 1,485 SF with 2 bedrooms and 2 full baths; Attached 2‑car garage for each unit plus open parking
