Seven-Bedroom
For Sale
$349,900
435 E Bear Blvd, Springfield, MO 65806
Separate three- and four-bedroom residences include unfinished basement storage in one unit.
Property Size2,370 SF
Price / SF$147.64
Days on Market9
Property Features for 435 E Bear Blvd
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
The Stelling Group
Listed By:
Kelly J. Stelling
(417) 496-6528
Source:
Trilakeshomesearch
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 20 at 10:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Stelling Group
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Investment Insights
Based on property information with market context.
This 2,370-square-foot duplex, built in 1948, contains two residences with a combined seven bedrooms and four full bathrooms. One unit has three bedrooms and two full bathrooms; the other has four bedrooms and two full bathrooms. An approximately 1,200-square-foot unfinished basement in one unit provides storage space. Parking is available both on the street and off street.
The property is at 435 E Bear Blvd in Springfield, near Missouri State University and local amenities.
The property is at 435 E Bear Blvd in Springfield, near Missouri State University and local amenities.
Key Highlights
- Two units with a combined seven bedrooms and four full bathrooms
- One residence has three bedrooms and two full bathrooms; the other has four bedrooms and two full bathrooms
- 2,370 square feet; built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,482
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,640
$429.6K
Cap Rate 7%
$306,886
$306.9K
Cap Rate 9%
$238,689
$238.7K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$32.7K $13.80/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$30.7K $12.95/SF
− OpEx
−$9.2K −$3.88/SF
NOI
$21.5K $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%
$429,640
Cap Rate 7%
$306,886
Cap Rate 9%
$238,689
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,482 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,159 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$357.7K
$313.0K – $417.3K
NOI $25,040 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three- and four-bedroom residences include unfinished basement storage in one unit.
Where is this duplex located?
The property is located at 435 E Bear Blvd Springfield, MO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two units with a combined seven bedrooms and four full bathrooms; One residence has three bedrooms and two full bathrooms; the other has four bedrooms and two full bathrooms; 2,370 square feet; built in 1948
