Brick Duplex with
For Sale
$335,000
7053-7057 W Farm Road 106, Springfield, MO 65803
Residential, Springfield, MO
Property Size2,180 SF
Lot Size4.09 Acres
Price / SF$153.67
Days on Market50
Property Features for 7053-7057 W Farm Road 106
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2
Parking features
Covered, Driveway
Window features
Blinds
Exterior features
Rain Gutters
Fencing
Barbed Wire
Appliances
Dishwasher, Free-Standing Electric Oven, Refrigerator, Microwave
Lot features
Acreage, Pond(s), Corner Lot
Elementary school
WD Central
Middle school
Willard
High school
Willard
Directions
From W Hwy 266 (Chestnut Expressway), North on State Hwy AB, East on Farm Road 106 to duplex on the north.
Standard status
Active
APN
1403100164
Size
2,180 SF
Lot size
4.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4.09A M/L Beg 62.28 Ft E & 35.46 Ft N Sw Cor Lot 3 Nefr1/4 N 431.72 Ft E 443.63 Ft S 298.74 Ft W 100.13 Ft S 125.36 Ft W 347.79 Ft To Beg 3/29/23
Tax Annual Amount
1973
Legal Description
4.09A M/L Beg 62.28 Ft E & 35.46 Ft N Sw Cor Lot 3 Nefr1/4 N 431.72 Ft E 443.63 Ft S 298.74 Ft W 100.13 Ft S 125.36 Ft W 347.79 Ft To Beg 3/29/23
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
pond
Building Details
Year built
1967
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
AMAX Real Estate
(417) 855-2333
Listed By:
Darlana Halterman
(417) 880-0713
Added: Aug 9
Changed: Sep 15
Last Checked: Sep 27 at 11:06PM
MLS# 60331047
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 brick duplex contains two separate residential units within a 2,180-square-foot property. One unit has three bedrooms and one bathroom, while the other includes two bedrooms, one bathroom, and an additional room suitable for office or dining use. Central heating and air conditioning serve the property, with ceiling fans also provided. Interior features include vinyl flooring, and the kitchens include a dishwasher, electric oven, refrigerator, and microwave.
The property encompasses 4.09 acres in a rural setting and includes a pond, barbed-wire fencing, a septic tank, and a covered two-car carport. The 1967 construction also features a shingle roof, brick exterior, rain gutters, and driveway parking. Separate living spaces support a range of residential configurations, including occupancy by one household with additional space for another.
The property encompasses 4.09 acres in a rural setting and includes a pond, barbed-wire fencing, a septic tank, and a covered two-car carport. The 1967 construction also features a shingle roof, brick exterior, rain gutters, and driveway parking. Separate living spaces support a range of residential configurations, including occupancy by one household with additional space for another.
Key Highlights
- Duplex on 4.09 acres with a pond
- 2,180 square feet of property size
- One unit has 3 bedrooms and 1 bathroom
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
$19,759
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
5.90%
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%
$395,180
$395.2K
Cap Rate 7%
$282,271
$282.3K
Cap Rate 9%
$219,544
$219.5K
Market Conditions
NOI Build-Up for 2,180 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
$30.1K $13.80/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$28.2K $12.95/SF
− OpEx
−$8.5K −$3.88/SF
NOI
$19.8K $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 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%
$395,180
Cap Rate 7%
$282,271
Cap Rate 9%
$219,544
Alternative Uses
Best Use
Multifamily LT 5
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$251.8K
$220.3K – $293.7K
NOI $17,623 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$329.0K
$287.9K – $383.9K
NOI $23,032 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
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 - Two separate living units with rural surroundings, a pond, and covered vehicle parking.
Where is this duplex located?
The property is located at 7053-7057 W Farm Road 106 Springfield, MO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex on 4.09 acres with a pond; 2,180 square feet of property size; One unit has 3 bedrooms and 1 bathroom
