Two-Unit Duplex with
New
For Sale
$349,900
435 E Bear Boulevard, Springfield, MO 65806
Residential Income, Springfield, MO
Property Size2,370 SF
Lot Size0.18 Acres
Price / SF$147.64
Days on Market2
Property Features for 435 E Bear Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Interior features
Washer/Dryer Hookup
Subdivision
Southern
Elementary school
SGF-Rountree
Middle school
SGF-Jarrett
High school
SGF-Parkview
Directions
From Jefferson go east on Bear Boulevard and the duplex is on the north side of the road. There is parking in the back.
Standard status
Active
APN
1324318015
Size
2,370 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTHERN ADD W1/2 LOT 93
Tax Annual Amount
1216
Legal Description
SOUTHERN ADD W1/2 LOT 93
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1948
Listing Agency:
The Stelling Group
(417) 368-1059
Listed By:
Kelly J. Stelling
(417) 496-6528
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 8:06AM
MLS# 60336468
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 1948 duplex contains two residences with a combined 2,370 square feet. One offers three bedrooms and two full bathrooms; the other has four bedrooms and two full bathrooms. Central heating and central air serve the property, and washer/dryer hookups are present. An unfinished basement of approximately 1,200 square feet is located in one unit. The parcel measures 0.18 acres and has public sewer service.
The property is on Bear Boulevard in Springfield, near Missouri State University. Parking is available both on the street and off street. Zoning is INC.
The property is on Bear Boulevard in Springfield, near Missouri State University. Parking is available both on the street and off street. Zoning is INC.
Key Highlights
- Two‑unit duplex with 7 bedrooms and 4 full bathrooms combined
- One residence has 3 bedrooms and 2 full bathrooms; the other has 4 bedrooms and 2 full bathrooms
- 2,370 square feet of property area on a 0.18‑acre parcel
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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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central heating and cooling, with on-street and off-street parking available.
Where is this duplex located?
The property is located at 435 E Bear Boulevard 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‑unit duplex with 7 bedrooms and 4 full bathrooms combined; One residence has 3 bedrooms and 2 full bathrooms; the other has 4 bedrooms and 2 full bathrooms; 2,370 square feet of property area on a 0.18‑acre parcel
