Duplex with New Roof and
For Sale
$140,000
Pending
429 S Broadway Avenue, Springfield, MO 65806
Residential Income, Springfield, MO
Property Size1,470 SF
Lot Size0.43 Acres
Days on Market121
Property Features for 429 S Broadway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Subdivision
Fulbright, Ruth
Elementary school
SGF-McGregor
Middle school
SGF-Westport
High school
SGF-Parkview
Directions
From Walnut, go South on Broadway
Standard status
Pending
APN
1323220020
Size
1,470 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Fulbrights Ruth Add S 98.25 Ft N 123.25 Ft E 193.18 Ft Lot 1 8
Tax Annual Amount
695
Legal Description
Fulbrights Ruth Add S 98.25 Ft N 123.25 Ft E 193.18 Ft Lot 1 8
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1916
Number of units
2
Listing Agency:
Cantrell Real Estate
(417) 414-0324
Listed By:
Debbie K. Carter
(417) 389-4314
Added: Jun 9
Changed: Sep 24
Last Checked: Oct 7 at 4:06AM
MLS# 60325940
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 1,470-square-foot duplex property dates to 1916 and is offered in its current as-is condition. The building has a new roof and 10 brand-new Andersen windows, each backed by a warranty. Interior work remains for a buyer completing the renovation, with the existing layout described as suitable for a primary residence with an apartment above.
The 0.43-acre parcel is zoned Residential and may offer the possibility of division for an additional duplex, subject to buyer verification and due diligence. Public sewer serves the property, with forced-air heating and window-unit cooling. The address is near downtown and OTC in Springfield, Missouri.
The 0.43-acre parcel is zoned Residential and may offer the possibility of division for an additional duplex, subject to buyer verification and due diligence. Public sewer serves the property, with forced-air heating and window-unit cooling. The address is near downtown and OTC in Springfield, Missouri.
Key Highlights
- Duplex property with 1,470 square feet
- 0.43‑acre lot zoned Residential
- New roof and 10 brand‑new Andersen windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,883
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,660
$237.7K
Cap Rate 7%
$169,757
$169.8K
Cap Rate 9%
$132,033
$132.0K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$23.1K $15.72/SF
− Vacancy
−$1.5K −$1.02/SF
EGI
$21.6K $14.70/SF
− OpEx
−$9.7K −$6.61/SF
NOI
$11.9K $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 Rate 5%
$237,660
Cap Rate 7%
$169,757
Cap Rate 9%
$132,033
Alternative Uses
Best Use
Multifamily LT 5
$190.3K
$166.6K – $222.1K
NOI $13,324 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$169.8K
$148.5K – $198.1K
NOI $11,883 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$221.9K
$194.1K – $258.9K
NOI $15,531 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
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 - Residentially zoned property with forced-air heating, window-unit cooling, and public sewer service.
Where is this duplex located?
The property is located at 429 S Broadway Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Duplex property with 1,470 square feet; 0.43‑acre lot zoned Residential; New roof and 10 brand‑new Andersen windows
