Duplex Patio Home with
For Sale
$499,000
654/656 Pine Ridge Street, Marshfield, MO 65706
Residential Income, Marshfield, MO
Property Size4,686 SF
Lot Size0.77 Acres
Price / SF$106.49
Days on Market95
Property Features for 654/656 Pine Ridge Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Interior features
Fenced Area, Washer/Dryer Hookup, Utility Room, Handicap Access, Fireplace, Finished Basement
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Accessibility
Accessible Approach with Ramp
Appliances
Range, Disposal, Dishwasher, Water Softener, Refrigerator, Microwave
View
City
Elementary school
Marshfield
Middle school
Marshfield
High school
Marshfield
Directions
From I-44, take exit 100 to Spur Dr. Left on Banning, right on Pine Ridge to home on the left.
Standard status
Active
APN
112004004002001090
Size
4,686 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lt 3 Amended Final Plat Of The Replat Lt 4 Hightower Addition & Lt 1 Second Hightower Addition (654 & 656 Pine Ridge)
Tax Annual Amount
3730
Legal Description
Lt 3 Amended Final Plat Of The Replat Lt 4 Hightower Addition & Lt 1 Second Hightower Addition (654 & 656 Pine Ridge)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air, Fireplace(s), Central
Cooling system
Central Air, Ceiling Fan(s)
Amenities
French doors
balcony
fireplaces
handicap-accessible entry
chair lift
built-in bar area
deck
privacy-fenced yard
storage building
pool
Building Details
Year built
1996
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Gault & Co. Realty, LLC
(417) 859-0800
Listed By:
Judith A Gault
(417) 689-2700
Added: May 18
Changed: Aug 19
Last Checked: Aug 20 at 1:06PM
MLS# 60323966
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 duplex patio home at 654/656 Pine Ridge Street offers two separate living spaces under one roof, designed for flexibility and functionality. The first unit features two bedrooms and two bathrooms with single-level living, French doors leading to a balcony, and plenty of storage. The second unit offers three bedrooms and three bathrooms with over 3,000 SF, plus a finished basement that includes fireplaces on both levels, and a handicap-accessible entry with stairs equipped with a chair lift. The basement also has a built-in bar area with seating, sink, and storage.
Outdoor living is highlighted by a large back deck, privacy-fenced yard, and a storage building with a garage door. The property also features a 16' x 32' above-ground salt water pool surrounded by a wood deck.
Set on a 0.77-acre lot and built in 1996, the home includes a composition roof with replacement in 2024. Natural gas is available and sewer is public. An adjacent lot is included, offering space for another home or duplex. Zoning is Residential.
Outdoor living is highlighted by a large back deck, privacy-fenced yard, and a storage building with a garage door. The property also features a 16' x 32' above-ground salt water pool surrounded by a wood deck.
Set on a 0.77-acre lot and built in 1996, the home includes a composition roof with replacement in 2024. Natural gas is available and sewer is public. An adjacent lot is included, offering space for another home or duplex. Zoning is Residential.
Key Highlights
- Over 1,500 SF first unit with two bedrooms and two bathrooms, single‑level living and balcony access
- Second unit over 3,000 SF with three bedrooms, three bathrooms and finished basement
- Handicap‑accessible entry with stairs equipped with a chair lift, plus fireplaces on both levels
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
$42,474
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
8.51%
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%
$849,480
$849.5K
Cap Rate 7%
$606,771
$606.8K
Cap Rate 9%
$471,933
$471.9K
Market Conditions
NOI Build-Up for 4,686 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
$64.7K $13.80/SF
− Vacancy
−$4.0K −$0.85/SF
EGI
$60.7K $12.95/SF
− OpEx
−$18.2K −$3.88/SF
NOI
$42.5K $9.06/SF
Area
Webster County, 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%
$849,480
Cap Rate 7%
$606,771
Cap Rate 9%
$471,933
Alternative Uses
Best Use
Multifamily LT 5
$606.8K
$530.9K – $707.9K
NOI $42,474 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$541.2K
$473.5K – $631.4K
NOI $37,882 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K
NOI $49,509 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 65706, MO
15,784
Population
7,070
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
180.0 sq mi
ZIP Area
88
Density / Sq Mi
$76,304
Median Household Income
$40,264
Median Earnings
$780
Median Rent
$234,400
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 - Residential duplex with two separate living spaces, balcony, and above-ground saltwater pool; roof replaced in 2024.
Where is this duplex located?
The property is located at 654/656 Pine Ridge Street Marshfield, MO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Over 1,500 SF first unit with two bedrooms and two bathrooms, single‑level living and balcony access; Second unit over 3,000 SF with three bedrooms, three bathrooms and finished basement; Handicap‑accessible entry with stairs equipped with a chair lift, plus fireplaces on both levels
