Building Details

Year built 2006

Listing Agency: IAC Realty Group

Listed By: Gavin Clark Show Phone

Added: Aug 21 Changed: Sep 15 Last Checked: Oct 15 at 12:06AM

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MLS# 11958400

Copyright © 2026 My State MLS. 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.

Located at 409 S Jefferson St in Centralia, Missouri, this duplex contains two 2-bedroom, 2-bath units totaling 1,860 square feet. The property includes attached garages, slab foundations, brick fronts, and vinyl siding. Constructed in 2006, it has updated HVAC systems and a roof replaced in 2025.

Both units are leased, with one term extending through 6/27 and the other through 11/26. The unit configuration and existing improvements provide a straightforward residential income property in Boone County.

Key Highlights

• Two 2‑bedroom, 2‑bath units
• 1,860 square feet total
• Attached garages and slab foundations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,240

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,800 $304.8K

Cap Rate 7%

$217,714 $217.7K

Cap Rate 9%

$169,333 $169.3K

Market Conditions

NOI Build-Up for 1,860 SF

Gross rent

$22.8K $12.24/SF

− Vacancy

−$995 −$0.53/SF

EGI

$21.8K $11.71/SF

− OpEx

−$6.5K −$3.51/SF

NOI

$15.2K $8.19/SF

Area

Boone County, MO

Vacancy

4.37%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,800

Cap Rate 7%

$217,714

Cap Rate 9%

$169,333

Alternative Uses

Best Use

Multifamily LT 5

$217.7K

$190.5K – $254.0K (±1% cap)

NOI $15,240 @ 7.0% cap · market cap 5.67%

Second Best

Apartment 5plus

$205.5K

$179.8K – $239.8K (±1% cap)

NOI $14,385 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$661.6K

$578.9K – $771.9K (±1% cap)

NOI $46,315 @ 7.0% cap · market cap 17.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Electrical Service Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Explore this area Business Placement

Demographics for 65240, MO

8,292

Population

3,903

Households

2.1

Avg Household Size

39

Median Age

35%

College-Educated

91%

High-School Grad

180.1 sq mi

ZIP Area

46

Density / Sq Mi

$67,687

Median Household Income

$40,680

Median Earnings

$712

Median Rent

$181,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two leased units offer updated HVAC, a 2025 roof, and convenient attached garage parking.

Where is this duplex located?

The property is located at 409 S Jefferson St Centralia, MO.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: Two 2‑bedroom, 2‑bath units; 1,860 square feet total; Attached garages and slab foundations