Residential Income
For Sale
$269,000
Highway 14 Drive, Sparta, MO 65753
Residential Income, Sparta, MO
Property Size1,450 SF
Lot Size3.59 Acres
Price / SF$185.52
Days on Market21
Property Features for Highway 14 Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Residential
Bedrooms
12
Rooms
Bedroom 1, Bedroom 8, Bedroom 12, Bedroom 2, Bedroom 5, Bedroom 9, Bedroom 11, Bedroom 10, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 4
Elementary school
Sparta
Middle school
Sparta
High school
Sparta
Directions
Main St. in Sparta behind the Family Dollar building
Standard status
Active
Lot size
3.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 Lipes & Hursman Minor
Tax Annual Amount
346
Legal Description
Lot 2 Lipes & Hursman Minor
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2027
Number of units
4
Listing Agency:
Outpost Real Estate LLC
Listed By:
Chad Shook
(417) 234-6740
Added: Sep 27
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 60334982
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.
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 under-construction townhome is planned with three bedrooms, two bathrooms and approximately 1,450 square feet of living space. Its layout includes open-concept living and an attached one-car garage, with modern farmhouse-inspired finishes. The home is listed with a 2027 year built; final improvements may differ from the renderings.
Planned community amenities include a swimming pool, playground and green space. The property is in Sparta, Missouri, with access to Ozark, Springfield and surrounding communities.
Planned community amenities include a swimming pool, playground and green space. The property is in Sparta, Missouri, with access to Ozark, Springfield and surrounding communities.
Key Highlights
- Three bedrooms and two bathrooms
- Approximately 1,450 square feet
- Attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,722
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,440
$234.4K
Cap Rate 7%
$167,457
$167.5K
Cap Rate 9%
$130,244
$130.2K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$22.8K $15.72/SF
− Vacancy
−$1.5K −$1.02/SF
EGI
$21.3K $14.70/SF
− OpEx
−$9.6K −$6.61/SF
NOI
$11.7K $8.08/SF
Area
Christian County, MO
Vacancy
6.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,440
Cap Rate 7%
$167,457
Cap Rate 9%
$130,244
Alternative Uses
Best Use
Apartment 5plus
$167.5K
$146.5K – $195.4K
NOI $11,722 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$218.9K
$191.5K – $255.3K
NOI $15,320 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 65753, MO
4,937
Population
2,212
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
93%
High-School Grad
70.9 sq mi
ZIP Area
70
Density / Sq Mi
$77,232
Median Household Income
$40,523
Median Earnings
$791
Median Rent
$215,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The home pairs an open living area with an attached garage and contemporary farmhouse-style finishes.
Where is this residential income property located?
The property is located at Highway 14 Drive Sparta, MO.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Approximately 1,450 square feet; Attached one‑car garage
