Brick Duplex on
For Sale
$300,000
7053-7057 W Farm Road 106 #7053-7057, Springfield, MO 65803
Two separate residences share a two-car carport, with a pond and open land on the property.
Property Size2,180 SF
Lot Size4.09 Acres
Price / SF$137.61
Days on Market85
Property Features for 7053-7057 W Farm Road 106 #7053-7057
General Information
Standard status
Active
Size
2,180 SF
Total Parking Spaces
2
Lot size
4.09 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR+den
Multifamily Units
2
Amenities
pond
Building Details
Year Built
1967
Buildings
1
Construction
all-brick
Listing Agency:
AMAX Real Estate
(417) 855-2333
Listed By:
Darlana Halterman · License #1999067823
(417) 880-0713
Source:
Onefiverealestate
Added: Aug 9
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 AMAX Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex, built in 1967, contains two separate living spaces. One side has three bedrooms and one bathroom; the other has two bedrooms and an additional room that can serve as an office or dining room. A two-car carport is also included.
The property encompasses 4.09 acres and includes a pond.
The property encompasses 4.09 acres and includes a pond.
Key Highlights
- Two dwelling units: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and an additional room
- 4.09 acres with a pond
- Brick construction; built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,759
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
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
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 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 6.59%
Second Best
Apartment 5plus
$251.8K
$220.3K – $293.7K
NOI $17,623 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$329.0K
$287.9K – $383.9K
NOI $23,032 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share a two-car carport, with a pond and open land on the property.
Where is this duplex located?
The property is located at 7053-7057 W Farm Road 106 #7053-7057 Springfield, MO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two dwelling units: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and an additional room; 4.09 acres with a pond; Brick construction; built in 1967
