Duplex with Oversized
For Sale
$266,000
924-26 S Link Avenue, Springfield, MO 65802
Residential, Springfield, MO
Property Size2,415 SF
Lot Size0.21 Acres
Price / SF$110.14
Days on Market10
Property Features for 924-26 S Link Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Fireplace
1
Subdivision
Lurvey's
Elementary school
SGF-Bingham
Middle school
SGF-Hickory Hills
High school
SGF-Glendale
Directions
From Glenstone St, east on Grand, north on Link, to home on right. Turn right on Belmont to enter driveway on left.
Standard status
Active
APN
1220317016
Size
2,415 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lurveys 5th Add Blk A Lot 6
Tax Annual Amount
1359
Legal Description
Lurveys 5th Add Blk A Lot 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1961
Floors in Building
1
Additional Structures
Outbuilding
Listing Agency:
Elevation Realty LLC
Listed By:
Lacey Hanes
(417) 818-1310
Added: Sep 18
Changed: Sep 27
Last Checked: Sep 27 at 12:06PM
MLS# 60334294
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.
Located at 924-26 S Link Avenue in Springfield, this duplex contains 2,415 square feet of living space across two residential units. Each side includes 2 bedrooms and 1 full bathroom, while the larger unit adds a private half bath. Interior finishes retain original character, and the property has been maintained inside and out. One living room includes a freestanding Fisher wood stove.
Exterior features include an oversized carport and an enclosed storage area that can serve as additional storage or shop space. The property sits on 0.21 acres and was built in 1961. Central heating, central air conditioning, and public sewer service are in place.
Exterior features include an oversized carport and an enclosed storage area that can serve as additional storage or shop space. The property sits on 0.21 acres and was built in 1961. Central heating, central air conditioning, and public sewer service are in place.
Key Highlights
- 2,415 square feet of living space across a duplex
- Each unit has 2 bedrooms and 1 full bathroom
- Larger unit includes an additional private half bath
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
$21,890
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
8.23%
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%
$437,800
$437.8K
Cap Rate 7%
$312,714
$312.7K
Cap Rate 9%
$243,222
$243.2K
Market Conditions
NOI Build-Up for 2,415 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
$33.3K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$31.3K $12.95/SF
− OpEx
−$9.4K −$3.88/SF
NOI
$21.9K $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%
$437,800
Cap Rate 7%
$312,714
Cap Rate 9%
$243,222
Alternative Uses
Best Use
Multifamily LT 5
$312.7K
$273.6K – $364.8K
NOI $21,890 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$278.9K
$244.0K – $325.4K
NOI $19,523 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
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 residences provide separate living areas, central climate control, and flexible enclosed storage for household or property needs.
Where is this duplex located?
The property is located at 924-26 S Link Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $266,000.
What are key features of this property?
This property features: 2,415 square feet of living space across a duplex; Each unit has 2 bedrooms and 1 full bathroom; Larger unit includes an additional private half bath
