Duplex with Separate
New
For Sale
$215,000
861 S Missouri Avenue, Springfield, MO 65806
Residential Income, Springfield, MO
Property Size1,100 SF
Lot Size0.12 Acres
Price / SF$195.45
Days on Market6
Property Features for 861 S Missouri Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
1
Rooms
Bedroom 1
Interior features
Apply To All Units, Washer/Dryer Hookup, Storage
Appliances
Range
Subdivision
South Park
Elementary school
SGF-Campbell
Middle school
SGF-Westport
High school
SGF-Central
Directions
From Cambell go West on State, South on Missouri Ave. to home on corner of Missouri Ave. and Lombard.
Standard status
Active
APN
1323411013
Size
1,100 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH PARK ADD S 50 FT LOTS 40 & 41
Tax Annual Amount
390
HOA Fee
$1,072 Annually
Legal Description
SOUTH PARK ADD S 50 FT LOTS 40 & 41
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Gravity, Floor Furnace
Building Details
Year built
1897
Number of units
2
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Jones Properties
Listed By:
Bud Jones
(417) 268-0283
Added: Oct 14
Changed: Oct 18
Last Checked: Oct 19 at 12:06AM
MLS# 60336572
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 1,100-square-foot duplex on a 0.12-acre lot was built in 1897 and is zoned INC. Interior features include washer and dryer hookups and storage; a range is included. Heating is provided by gravity and floor furnaces, with natural gas available and public sewer service.
The property is near MSU at 861 S Missouri Avenue in Springfield. Separate meters serve the units, and leases with deposits are in place. Tenants pay electric, gas, water, and garbage.
The property is near MSU at 861 S Missouri Avenue in Springfield. Separate meters serve the units, and leases with deposits are in place. Tenants pay electric, gas, water, and garbage.
Key Highlights
- Separate meters for the units
- 1,100 square feet on a 0.12‑acre lot
- Leases with deposits; tenants pay electric, gas, water, and garbage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,970
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,400
$199.4K
Cap Rate 7%
$142,429
$142.4K
Cap Rate 9%
$110,778
$110.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$15.2K $13.80/SF
− Vacancy
−$937 −$0.85/SF
EGI
$14.2K $12.95/SF
− OpEx
−$4.3K −$3.88/SF
NOI
$10.0K $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%
$199,400
Cap Rate 7%
$142,429
Cap Rate 9%
$110,778
Alternative Uses
Best Use
Multifamily LT 5
$142.4K
$124.6K – $166.2K
NOI $9,970 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$127.0K
$111.2K – $148.2K
NOI $8,892 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$166.0K
$145.3K – $193.7K
NOI $11,622 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
504
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 - Tenants pay electric, gas, water, and garbage, while each unit has a separate meter.
Where is this duplex located?
The property is located at 861 S Missouri Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Separate meters for the units; 1,100 square feet on a 0.12‑acre lot; Leases with deposits; tenants pay electric, gas, water, and garbage
